Fiserv Inc (NASDAQ:FISV) – Investment analysts at SunTrust Banks issued their Q1 2019 earnings per share (EPS) estimates for shares of Fiserv in a research report issued on Thursday, November 1st. SunTrust Banks analyst A. Jeffrey anticipates that the business services provider will earn $0.85 per share for the quarter. SunTrust Banks has a “Buy” rating and a $87.00 price target on the stock. SunTrust Banks also issued estimates for Fiserv’s Q2 2019 earnings at $0.81 EPS, Q3 2019 earnings at $0.82 EPS, Q4 2019 earnings at $1.00 EPS, FY2019 earnings at $3.48 EPS and FY2020 earnings at $3.83 EPS.
Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Wednesday, October 31st. The business services provider reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.02). Fiserv had a return on equity of 44.31% and a net margin of 25.00%. The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the previous year, the business earned $1.27 EPS. The business’s revenue was up .9% compared to the same quarter last year.
FISV has been the subject of several other research reports. BidaskClub raised Fiserv from a “hold” rating to a “buy” rating in a research report on Thursday, September 13th. Robert W. Baird raised their price objective on Fiserv from $82.00 to $85.00 and gave the company an “outperform” rating in a research report on Monday, September 24th. Argus set a $90.00 price objective on Fiserv and gave the company a “buy” rating in a research report on Wednesday, September 19th. Credit Suisse Group raised their price objective on Fiserv from $67.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, October 15th. Finally, JPMorgan Chase & Co. lowered Fiserv from a “neutral” rating to an “underweight” rating and set a $95.00 price objective for the company. in a research report on Tuesday, August 14th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company’s stock. Fiserv presently has a consensus rating of “Hold” and a consensus price target of $78.82.
Shares of FISV stock opened at $76.71 on Monday. Fiserv has a 52 week low of $62.76 and a 52 week high of $82.79. The firm has a market capitalization of $29.88 billion, a P/E ratio of 29.96, a price-to-earnings-growth ratio of 2.08 and a beta of 0.79. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.81.
In other Fiserv news, insider Jeffery W. Yabuki sold 50,000 shares of the firm’s stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $79.72, for a total transaction of $3,986,000.00. Following the completion of the transaction, the insider now owns 418,380 shares of the company’s stock, valued at $33,353,253.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 150,000 shares of company stock valued at $11,864,000 in the last three months. Insiders own 1.70% of the company’s stock.
Several large investors have recently modified their holdings of the company. Bank of Stockton increased its holdings in shares of Fiserv by 4.5% during the third quarter. Bank of Stockton now owns 15,268 shares of the business services provider’s stock valued at $1,257,000 after acquiring an additional 655 shares in the last quarter. Arrow Financial Corp increased its holdings in shares of Fiserv by 15.3% during the third quarter. Arrow Financial Corp now owns 4,935 shares of the business services provider’s stock valued at $407,000 after acquiring an additional 655 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of Fiserv by 0.9% during the third quarter. Oppenheimer Asset Management Inc. now owns 74,606 shares of the business services provider’s stock valued at $6,146,000 after acquiring an additional 702 shares in the last quarter. BancorpSouth Bank increased its holdings in shares of Fiserv by 4.5% during the third quarter. BancorpSouth Bank now owns 16,914 shares of the business services provider’s stock valued at $1,393,000 after acquiring an additional 732 shares in the last quarter. Finally, Fulton Bank N.A. increased its holdings in shares of Fiserv by 4.5% during the second quarter. Fulton Bank N.A. now owns 17,123 shares of the business services provider’s stock valued at $1,268,000 after acquiring an additional 734 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.
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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