Fiserv (NASDAQ:FISV) – Analysts at Cantor Fitzgerald upped their FY2018 earnings per share estimates for shares of Fiserv in a research note issued to investors on Tuesday, May 22nd. Cantor Fitzgerald analyst J. Foresi now anticipates that the business services provider will post earnings of $3.12 per share for the year, up from their previous estimate of $3.09. Cantor Fitzgerald currently has a “Hold” rating and a $63.00 target price on the stock. Cantor Fitzgerald also issued estimates for Fiserv’s FY2019 earnings at $3.49 EPS.
Fiserv (NASDAQ:FISV) last announced its earnings results on Tuesday, May 1st. The business services provider reported $0.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.03. Fiserv had a net margin of 24.76% and a return on equity of 44.13%. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the business earned $1.13 earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year.
A number of other equities analysts have also weighed in on the stock. ValuEngine lowered shares of Fiserv from a “hold” rating to a “sell” rating in a research report on Thursday, March 22nd. Zacks Investment Research lowered shares of Fiserv from a “buy” rating to a “hold” rating in a research report on Tuesday, April 10th. Cowen restated a “hold” rating and set a $68.00 price target on shares of Fiserv in a research report on Friday, March 23rd. Stephens restated a “hold” rating and set a $73.00 price target on shares of Fiserv in a research report on Thursday, April 5th. Finally, Citigroup boosted their price target on shares of Fiserv from $69.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $71.62.
Fiserv opened at $71.68 on Wednesday, according to MarketBeat Ratings. The stock has a market cap of $29.34 billion, a P/E ratio of 28.00, a price-to-earnings-growth ratio of 2.00 and a beta of 0.81. Fiserv has a twelve month low of $59.85 and a twelve month high of $74.46. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.55.
In other news, insider Jeffery W. Yabuki sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $72.26, for a total value of $3,613,000.00. Following the sale, the insider now directly owns 617,380 shares of the company’s stock, valued at approximately $44,611,878.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffery W. Yabuki sold 34,000 shares of the business’s stock in a transaction that occurred on Monday, March 19th. The shares were sold at an average price of $73.43, for a total transaction of $2,496,620.00. The disclosure for this sale can be found here. Insiders sold a total of 134,000 shares of company stock worth $9,715,120 over the last quarter. 1.80% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in FISV. Schwab Charles Investment Management Inc. raised its stake in shares of Fiserv by 4.1% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 761,778 shares of the business services provider’s stock valued at $99,892,000 after acquiring an additional 30,029 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Fiserv by 192.8% in the 4th quarter. State of Alaska Department of Revenue now owns 24,449 shares of the business services provider’s stock valued at $3,205,000 after acquiring an additional 16,100 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new stake in shares of Fiserv in the 4th quarter valued at approximately $526,000. Duncker Streett & Co. Inc. raised its stake in shares of Fiserv by 32.9% in the 4th quarter. Duncker Streett & Co. Inc. now owns 21,814 shares of the business services provider’s stock valued at $2,860,000 after acquiring an additional 5,400 shares during the period. Finally, SG Americas Securities LLC raised its stake in shares of Fiserv by 55.0% in the 4th quarter. SG Americas Securities LLC now owns 29,616 shares of the business services provider’s stock valued at $3,884,000 after acquiring an additional 10,514 shares during the period. 87.28% of the stock is currently owned by institutional investors and hedge funds.
Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.
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