Fiserv Inc (NASDAQ:FISV) – Equities research analysts at SunTrust Banks boosted their Q1 2019 EPS estimates for shares of Fiserv in a research note issued to investors on Wednesday, April 17th. SunTrust Banks analyst A. Jeffrey now forecasts that the business services provider will earn $0.81 per share for the quarter, up from their prior estimate of $0.79. SunTrust Banks currently has a “Hold” rating and a $85.21 target price on the stock. SunTrust Banks also issued estimates for Fiserv’s Q2 2019 earnings at $0.85 EPS and Q3 2019 earnings at $0.84 EPS.
Several other research analysts also recently commented on the company. Wedbush raised their price objective on Fiserv from $85.00 to $95.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 29th. Wolfe Research upgraded Fiserv from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 17th. Royal Bank of Canada upgraded Fiserv from a “sector perform” rating to an “outperform” rating and set a $85.50 target price for the company in a research report on Monday, January 28th. Stephens upgraded Fiserv from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $76.00 to $90.00 in a research report on Wednesday, January 16th. Finally, Cantor Fitzgerald reiterated a “hold” rating and set a $73.00 target price on shares of Fiserv in a research report on Wednesday, January 16th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the stock. Fiserv presently has an average rating of “Hold” and an average target price of $87.29.
NASDAQ FISV opened at $85.06 on Friday. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.11 and a current ratio of 1.11. Fiserv has a 52 week low of $68.43 and a 52 week high of $91.19. The stock has a market capitalization of $33.35 billion, a PE ratio of 27.44, a P/E/G ratio of 2.09 and a beta of 0.83.
Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Thursday, February 7th. The business services provider reported $0.84 EPS for the quarter, hitting the consensus estimate of $0.84. Fiserv had a return on equity of 47.56% and a net margin of 20.39%. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter last year, the company earned $0.71 earnings per share. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year.
In other Fiserv news, Director Denis Oleary sold 13,728 shares of the firm’s stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $85.08, for a total transaction of $1,167,978.24. Following the completion of the transaction, the director now owns 52,014 shares in the company, valued at approximately $4,425,351.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffery W. Yabuki sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $85.21, for a total value of $1,704,200.00. Following the transaction, the chief executive officer now owns 391,146 shares of the company’s stock, valued at approximately $33,329,550.66. The disclosure for this sale can be found here. Insiders have sold 157,912 shares of company stock valued at $13,389,571 in the last quarter. 1.70% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LMR Partners LLP purchased a new position in Fiserv during the 4th quarter valued at approximately $267,000. CHICAGO TRUST Co NA grew its holdings in Fiserv by 6.7% during the 1st quarter. CHICAGO TRUST Co NA now owns 9,600 shares of the business services provider’s stock valued at $848,000 after buying an additional 600 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new position in Fiserv during the 4th quarter valued at approximately $800,000. Davis R M Inc. purchased a new position in Fiserv during the 4th quarter valued at approximately $401,000. Finally, Hoylecohen LLC purchased a new position in Fiserv during the 4th quarter valued at approximately $205,000. Institutional investors and hedge funds own 88.83% of the company’s stock.
Fiserv Company Profile
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; Internet and 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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