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.
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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.
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