Wedbush Brokers Increase Earnings Estimates for Fiserv Inc (FISV)

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.

A number of other equities research analysts also recently issued reports on the company. Citigroup boosted their price target on Fiserv from $138.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday. SunTrust Banks raised Fiserv from a “hold” rating to a “buy” rating in a research report on Friday. Stephens reissued a “hold” rating and set a $146.00 price target on shares of Fiserv in a research report on Friday. Credit Suisse Group lowered their price target on Fiserv from $140.00 to $136.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Cowen reissued a “hold” rating and set a $135.00 price target on shares of Fiserv in a research report on Thursday. Ten equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $139.86.

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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About Fiserv

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.

Earnings History and Estimates for Fiserv (NASDAQ:FISV)

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