Fiserv Inc (NASDAQ:FISV) – Equities research analysts at First Analysis boosted their Q4 2017 earnings estimates for Fiserv in a note issued to investors on Tuesday. First Analysis analyst L. Berlin now anticipates that the business services provider will post earnings of $1.34 per share for the quarter, up from their prior forecast of $1.33. First Analysis also issued estimates for Fiserv’s Q1 2018 earnings at $1.33 EPS and FY2018 earnings at $5.72 EPS.
Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Wednesday, April 26th. The business services provider reported $1.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.18 by $0.07. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.40 billion. Fiserv had a net margin of 16.89% and a return on equity of 38.06%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the firm posted $1.06 earnings per share. COPYRIGHT VIOLATION NOTICE: “Q4 2017 EPS Estimates for Fiserv Inc Boosted by Analyst (FISV)” was originally published by Markets Daily and is owned by of Markets Daily. If you are viewing this report on another website, it was stolen and republished in violation of US and international copyright laws. The legal version of this report can be viewed at https://www.themarketsdaily.com/2017/05/20/q4-2017-eps-estimates-for-fiserv-inc-boosted-by-analyst-fisv-updated.html.
Several other equities research analysts have also commented on the stock. Credit Suisse Group AG reiterated a “hold” rating and issued a $116.00 price objective on shares of Fiserv in a research report on Friday, April 28th. Cantor Fitzgerald upped their target price on shares of Fiserv from $107.00 to $118.00 and gave the company a “neutral” rating in a report on Friday, April 28th. Zacks Investment Research lowered shares of Fiserv from a “buy” rating to a “hold” rating in a report on Friday, April 28th. Royal Bank of Canada restated a “hold” rating and issued a $123.00 target price on shares of Fiserv in a report on Friday, April 28th. Finally, Vetr lowered shares of Fiserv from a “buy” rating to a “hold” rating and set a $121.50 target price on the stock. in a report on Thursday, April 20th. Twelve analysts have rated the stock with a hold rating and five have given a buy rating to the company. Fiserv presently has an average rating of “Hold” and a consensus target price of $115.70.
Fiserv (NASDAQ:FISV) traded up 0.07% during trading on Wednesday, hitting $119.81. 235,914 shares of the stock traded hands. The company’s 50 day moving average price is $117.15 and its 200-day moving average price is $110.11. The stock has a market cap of $25.44 billion, a P/E ratio of 29.93 and a beta of 0.80. Fiserv has a 52-week low of $92.81 and a 52-week high of $122.91.
Several hedge funds and other institutional investors have recently made changes to their positions in FISV. First Manhattan Co. raised its position in shares of Fiserv by 14.9% in the first quarter. First Manhattan Co. now owns 1,034 shares of the business services provider’s stock valued at $102,000 after buying an additional 134 shares during the last quarter. TLP Group LLC bought a new position in shares of Fiserv during the third quarter valued at $124,000. Advisory Services Network LLC bought a new position in shares of Fiserv during the first quarter valued at $131,000. Bessemer Group Inc. raised its position in shares of Fiserv by 217.2% in the fourth quarter. Bessemer Group Inc. now owns 1,491 shares of the business services provider’s stock valued at $158,000 after buying an additional 1,021 shares during the last quarter. Finally, Morgan Dempsey Capital Management LLC raised its position in shares of Fiserv by 2.3% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,480 shares of the business services provider’s stock valued at $171,000 after buying an additional 33 shares during the last quarter. Institutional investors and hedge funds own 86.46% of the company’s stock.
In other news, insider Jeffery W. Yabuki sold 2,000 shares of the stock in a transaction dated Wednesday, April 26th. The shares were sold at an average price of $120.19, for a total transaction of $240,380.00. Following the transaction, the insider now directly owns 337,151 shares in the company, valued at approximately $40,522,178.69. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Lynn S. Mccreary sold 4,309 shares of the stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $117.02, for a total transaction of $504,239.18. Following the transaction, the insider now owns 20,793 shares in the company, valued at $2,433,196.86. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 74,309 shares of company stock worth $8,471,989. Insiders own 1.90% of the company’s stock.
Fiserv Company Profile
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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