Brokers Offer Predictions for Fiserv, Inc.’s FY2017 Earnings (FISV)

Fiserv, Inc. (NASDAQ:FISV) – Research analysts at Wedbush cut their FY2017 EPS estimates for shares of Fiserv in a research report issued to clients and investors on Wednesday, according to Zacks Investment Research. Wedbush analyst M. Katri now forecasts that the business services provider will post earnings per share of $5.08 for the year, down from their prior forecast of $5.09. Wedbush also issued estimates for Fiserv’s Q4 2017 earnings at $1.37 EPS, Q1 2018 earnings at $1.35 EPS, Q2 2018 earnings at $1.37 EPS, Q3 2018 earnings at $1.40 EPS, Q4 2018 earnings at $1.52 EPS, FY2018 earnings at $5.63 EPS, Q1 2019 earnings at $1.52 EPS, Q2 2019 earnings at $1.50 EPS, Q3 2019 earnings at $1.54 EPS and FY2019 earnings at $6.24 EPS.

Other equities analysts have also issued reports about the stock. BidaskClub lowered shares of Fiserv from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 22nd. Robert W. Baird restated a “buy” rating and set a $136.00 target price on shares of Fiserv in a research report on Friday, September 8th. Zacks Investment Research upgraded shares of Fiserv from a “hold” rating to a “buy” rating and set a $140.00 target price on the stock in a research report on Wednesday, July 19th. Guggenheim upgraded shares of Fiserv from a “neutral” rating to a “buy” rating and raised their target price for the stock from $131.00 to $136.00 in a research report on Monday, July 17th. Finally, Barclays PLC restated an “equal weight” rating and set a $123.00 target price (up from $115.00) on shares of Fiserv in a research report on Wednesday, August 2nd. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $128.45.

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Fiserv (NASDAQ FISV) opened at $128.00 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.14. The company has a market cap of $26,675.07, a P/E ratio of 26.28, a price-to-earnings-growth ratio of 2.19 and a beta of 0.82. Fiserv has a one year low of $99.19 and a one year high of $130.20.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Tuesday, October 31st. The business services provider reported $1.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.30 by ($0.03). The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Fiserv had a net margin of 16.31% and a return on equity of 43.56%. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.14 earnings per share.

Institutional investors have recently added to or reduced their stakes in the business. Chicago Partners Investment Group LLC purchased a new position in shares of Fiserv in the second quarter valued at $104,000. Parallel Advisors LLC increased its position in shares of Fiserv by 8.2% in the second quarter. Parallel Advisors LLC now owns 849 shares of the business services provider’s stock valued at $109,000 after buying an additional 64 shares in the last quarter. Acrospire Investment Management LLC purchased a new position in shares of Fiserv in the second quarter valued at $122,000. Trust Co. of Vermont increased its position in shares of Fiserv by 53.3% in the second quarter. Trust Co. of Vermont now owns 1,303 shares of the business services provider’s stock valued at $159,000 after buying an additional 453 shares in the last quarter. Finally, Sun Life Financial INC increased its position in shares of Fiserv by 11,838.5% in the second quarter. Sun Life Financial INC now owns 1,552 shares of the business services provider’s stock valued at $190,000 after buying an additional 1,539 shares in the last quarter. 88.43% of the stock is owned by institutional investors.

In other Fiserv news, Director Kim M. Robak sold 6,124 shares of the firm’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $124.54, for a total value of $762,682.96. Following the completion of the sale, the director now owns 42,141 shares of the company’s stock, valued at $5,248,240.14. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $127.22, for a total value of $2,162,740.00. Following the completion of the sale, the insider now directly owns 313,835 shares of the company’s stock, valued at approximately $39,926,088.70. The disclosure for this sale can be found here. In the last three months, insiders sold 57,124 shares of company stock valued at $7,133,943. 1.80% of the stock is 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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Earnings History and Estimates for Fiserv (NASDAQ:FISV)

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