SunTrust Banks Equities Analysts Raise Earnings Estimates for Fiserv, Inc. (FISV)

Fiserv, Inc. (NASDAQ:FISV) – Analysts at SunTrust Banks raised their Q3 2017 earnings estimates for Fiserv in a research report issued on Tuesday. SunTrust Banks analyst A. Jeffrey now anticipates that the business services provider will post earnings per share of $1.33 for the quarter, up from their previous estimate of $1.32. SunTrust Banks also issued estimates for Fiserv’s FY2017 earnings at $5.22 EPS and FY2018 earnings at $5.93 EPS.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Wednesday, April 26th. The business services provider reported $1.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.18 by $0.07. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.40 billion. Fiserv had a net margin of 15.95% and a return on equity of 40.28%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.06 earnings per share.

WARNING: This piece was originally published by BNB Daily and is owned by of BNB Daily. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The correct version of this piece can be read at https://www.baseball-news-blog.com/2017/07/20/suntrust-banks-equities-analysts-raise-earnings-estimates-for-fiserv-inc-fisv-updated-updated.html.

Earnings History and Estimates for Fiserv (NASDAQ:FISV)

Several other analysts also recently commented on FISV. Cantor Fitzgerald reiterated a “hold” rating and issued a $118.00 price target on shares of Fiserv in a research report on Tuesday. Robert W. Baird reiterated an “outperform” rating and issued a $134.00 price target (up previously from $128.00) on shares of Fiserv in a research report on Wednesday, June 14th. Vetr upgraded shares of Fiserv from a “sell” rating to a “buy” rating and set a $121.50 price target for the company in a research report on Monday, April 3rd. Wedbush reiterated an “outperform” rating and issued a $146.25 price target (up previously from $115.00) on shares of Fiserv in a research report on Tuesday, June 6th. Finally, Guggenheim assumed coverage on shares of Fiserv in a research report on Friday, March 31st. They issued a “neutral” rating and a $118.00 price target for the company. Twelve research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $119.25.

Shares of Fiserv (FISV) opened at 124.80 on Thursday. The stock has a 50 day moving average of $122.48 and a 200-day moving average of $114.80. The firm has a market cap of $26.50 billion, a price-to-earnings ratio of 31.18 and a beta of 0.81. Fiserv has a 1-year low of $92.81 and a 1-year high of $126.28.

Institutional investors have recently bought and sold shares of the company. First Manhattan Co. boosted its position in Fiserv by 14.9% in the first quarter. First Manhattan Co. now owns 1,034 shares of the business services provider’s stock worth $102,000 after buying an additional 134 shares during the period. Advisory Services Network LLC bought a new position in Fiserv during the first quarter worth $131,000. Morgan Dempsey Capital Management LLC boosted its position in Fiserv by 2.3% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,480 shares of the business services provider’s stock worth $171,000 after buying an additional 33 shares during the period. Bessemer Group Inc. boosted its position in Fiserv by 217.2% in the fourth quarter. Bessemer Group Inc. now owns 1,491 shares of the business services provider’s stock worth $158,000 after buying an additional 1,021 shares during the period. Finally, University of Texas Investment Managment Co. bought a new position in Fiserv during the first quarter worth $184,000. 88.03% of the stock is currently owned by institutional investors and hedge funds.

In other Fiserv news, insider Jeffery W. Yabuki sold 15,000 shares of the business’s stock in a transaction on Tuesday, April 18th. The shares were sold at an average price of $116.38, for a total value of $1,745,700.00. Following the transaction, the insider now directly owns 339,151 shares of the company’s stock, valued at approximately $39,470,393.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffery W. Yabuki sold 2,000 shares of the business’s stock in a transaction on Wednesday, April 26th. The shares were sold at an average price of $120.19, for a total transaction of $240,380.00. Following the completion of the transaction, the insider now directly owns 337,151 shares in the company, valued at $40,522,178.69. The disclosure for this sale can be found here. Insiders sold a total of 34,000 shares of company stock worth $4,057,530 over the last three months. 1.90% of the stock is currently owned by corporate insiders.

Fiserv Company Profile

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.

Receive News & Ratings for Fiserv Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Fiserv Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a Reply

Your email address will not be published.

20 − five =