Fiserv Inc (FISV) Expected to Earn Q4 2018 Earnings of $1.84 Per Share

Fiserv Inc (NASDAQ:FISV) – Equities researchers at Wedbush lifted their Q4 2018 earnings 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.

Several other analysts also recently commented on the company. Zacks Investment Research raised Fiserv from a “hold” rating to a “buy” rating and set a $154.00 price objective for the company in a research note on Tuesday. BidaskClub downgraded Fiserv from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Citigroup increased their price objective on Fiserv from $138.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. SunTrust Banks raised Fiserv from a “hold” rating to a “buy” rating in a research note on Friday, February 9th. Finally, Stephens reissued a “hold” rating and issued a $146.00 price objective on shares of Fiserv in a research note on Friday, February 9th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Fiserv has a consensus rating of “Hold” and a consensus target price of $140.73.

Shares of Fiserv (NASDAQ:FISV) traded up $0.39 during trading on Monday, hitting $139.03. The stock had a trading volume of 814,400 shares, compared to its average volume of 1,237,278. The stock has a market capitalization of $28,900.00, a P/E ratio of 24.17, a PEG ratio of 1.95 and a beta of 0.87. Fiserv has a 12-month low of $110.03 and a 12-month high of $144.20. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 1.79.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Wednesday, February 7th. The business services provider reported $1.41 EPS for the quarter, topping the consensus estimate of $1.38 by $0.03. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.51 billion. Fiserv had a return on equity of 44.58% and a net margin of 21.88%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.16 earnings per share.

In other news, insider Jeffery W. Yabuki sold 17,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $138.59, for a total value of $2,356,030.00. Following the completion of the transaction, the insider now directly owns 203,051 shares of the company’s stock, valued at $28,140,838.09. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Byron C. Vielehr sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $131.03, for a total value of $1,310,300.00. Following the completion of the transaction, the insider now directly owns 19,719 shares of the company’s stock, valued at $2,583,780.57. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 49,439 shares of company stock valued at $6,605,353. 1.80% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Caxton Associates LP grew its holdings in Fiserv by 81.0% during the fourth quarter. Caxton Associates LP now owns 9,411 shares of the business services provider’s stock valued at $1,234,000 after purchasing an additional 4,211 shares during the period. Advisor Group Inc. grew its holdings in Fiserv by 26.1% during the fourth quarter. Advisor Group Inc. now owns 8,164 shares of the business services provider’s stock valued at $1,070,000 after purchasing an additional 1,691 shares during the period. Dynamic Capital Management Ltd bought a new position in Fiserv during the fourth quarter valued at $487,000. Nomura Asset Management Co. Ltd. grew its holdings in Fiserv by 3.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 30,523 shares of the business services provider’s stock valued at $4,003,000 after purchasing an additional 996 shares during the period. Finally, AMP Capital Investors Ltd grew its holdings in Fiserv by 0.9% during the fourth quarter. AMP Capital Investors Ltd now owns 96,240 shares of the business services provider’s stock valued at $12,621,000 after purchasing an additional 893 shares during the period. 88.30% of the stock is owned by institutional investors and hedge funds.

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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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