Fiserv Inc (NASDAQ:FISV) – Equities researchers at First Analysis increased their Q1 2018 EPS estimates for Fiserv in a note issued to investors on Wednesday. First Analysis analyst L. Berlin now expects that the business services provider will post earnings of $1.48 per share for the quarter, up from their prior forecast of $1.38. First Analysis also issued estimates for Fiserv’s Q2 2018 earnings at $1.49 EPS, Q3 2018 earnings at $1.54 EPS, Q4 2018 earnings at $1.74 EPS, FY2018 earnings at $6.25 EPS and FY2019 earnings at $7.06 EPS.
Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.03. Fiserv had a net margin of 21.88% and a return on equity of 44.58%. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter last year, the firm posted $1.16 EPS. The business’s revenue was up 5.9% compared to the same quarter last year.
Several other equities analysts also recently weighed in on the stock. Zacks Investment Research upgraded shares of Fiserv from a “hold” rating to a “buy” rating and set a $154.00 target price for the company in a report on Tuesday, February 13th. BidaskClub downgraded shares of Fiserv from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 13th. Citigroup raised their target price on shares of Fiserv from $138.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, February 9th. SunTrust Banks upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a report on Friday, February 9th. Finally, Stephens restated a “hold” rating and set a $146.00 target price on shares of Fiserv in a report on Friday, February 9th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $140.73.
Fiserv (NASDAQ:FISV) opened at $139.79 on Thursday. 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 has a twelve month low of $111.02 and a twelve month high of $144.20. The firm has a market cap of $29,532.28, a PE ratio of 27.68, a price-to-earnings-growth ratio of 1.98 and a beta of 0.87.
In related news, insider Byron C. Vielehr sold 10,000 shares of the firm’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 sale, the insider now directly owns 19,719 shares of the company’s stock, valued at $2,583,780.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kevin J. Schultz sold 3,439 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $131.51, for a total transaction of $452,262.89. The disclosure for this sale can be found here. Insiders have sold a total of 59,599 shares of company stock worth $8,083,155 over the last ninety days. 1.80% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in FISV. Longview Partners Guernsey LTD lifted its position in Fiserv by 23.3% during the third quarter. Longview Partners Guernsey LTD now owns 5,391,519 shares of the business services provider’s stock valued at $695,290,000 after buying an additional 1,020,121 shares in the last quarter. Element Capital Management LLC acquired a new position in Fiserv during the fourth quarter valued at approximately $43,081,000. Ardevora Asset Management LLP acquired a new position in Fiserv during the third quarter valued at approximately $35,645,000. Ninepoint Partners LP acquired a new position in Fiserv during the third quarter valued at approximately $27,056,000. Finally, PGGM Investments acquired a new position in Fiserv during the fourth quarter valued at approximately $27,026,000. 86.71% of the stock is currently 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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