Fiserv Inc (NASDAQ:FISV) – Stock analysts at Wedbush lifted their Q4 2018 EPS estimates for Fiserv in a report released on Thursday. Wedbush analyst M. Katri now expects that the business services provider will post earnings per share of $1.84 for the quarter, up from their previous forecast of $1.58. Wedbush also issued estimates for Fiserv’s Q4 2019 earnings at $2.07 EPS.
Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.03. Fiserv had a return on equity of 44.58% and a net margin of 21.88%. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the business earned $1.16 earnings per share. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year.
Shares of Fiserv (FISV) opened at $137.46 on Monday. Fiserv has a 1 year low of $108.85 and a 1 year high of $144.20. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.01 and a current ratio of 1.02. The stock has a market capitalization of $28,646.58, a PE ratio of 23.70, a price-to-earnings-growth ratio of 1.93 and a beta of 0.87.
Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of Fiserv by 1.1% in the fourth quarter. BlackRock Inc. now owns 15,046,546 shares of the business services provider’s stock worth $1,973,053,000 after acquiring an additional 166,837 shares in the last quarter. Longview Partners Guernsey LTD lifted its stake in shares of Fiserv by 1.1% in the fourth quarter. Longview Partners Guernsey LTD now owns 5,448,669 shares of the business services provider’s stock worth $714,484,000 after acquiring an additional 57,150 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Fiserv by 1.3% in the third quarter. Bank of New York Mellon Corp now owns 2,057,992 shares of the business services provider’s stock worth $265,398,000 after acquiring an additional 27,105 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Fiserv by 2.2% in the third quarter. Janus Henderson Group PLC now owns 1,909,424 shares of the business services provider’s stock worth $246,234,000 after acquiring an additional 41,256 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Fiserv by 2.4% in the third quarter. Legal & General Group Plc now owns 1,213,913 shares of the business services provider’s stock worth $156,544,000 after acquiring an additional 27,883 shares in the last quarter. 88.30% of the stock is owned by institutional investors.
In other news, insider Jeffery W. Yabuki sold 2,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $128.35, for a total value of $256,700.00. Following the completion of the sale, the insider now owns 236,835 shares of the company’s stock, valued at $30,397,772.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Kevin J. Schultz sold 3,439 shares of the company’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $131.51, for a total value of $452,262.89. The disclosure for this sale can be found here. Insiders sold 49,439 shares of company stock valued at $6,605,353 in the last ninety days. Company insiders own 1.80% of the company’s stock.
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Fiserv, Inc is a provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services, such as electronic bill payments, transaction processing, account-to-account transfers, and person-to-person payments; Internet and mobile banking systems, and related services, including document and payment card production and distribution, and lending and risk management products and services.
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