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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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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