Fiserv Inc (FISV) Forecasted to Post Q1 2019 Earnings of $0.85 Per Share

Fiserv Inc (NASDAQ:FISV) – SunTrust Banks issued their Q1 2019 earnings estimates for Fiserv in a research report issued on Thursday, November 1st. SunTrust Banks analyst A. Jeffrey anticipates that the business services provider will post earnings of $0.85 per share for the quarter. SunTrust Banks has a “Buy” rating and a $87.00 price objective 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.

Several other research firms have also recently commented on FISV. Cantor Fitzgerald reaffirmed a “hold” rating and set a $73.00 target price on shares of Fiserv in a research note on Wednesday, August 1st. Zacks Investment Research cut Fiserv from a “hold” rating to a “sell” rating in a research note on Monday, October 15th. JPMorgan Chase & Co. cut Fiserv from a “neutral” rating to an “underweight” rating and set a $95.00 price objective for the company. in a research note on Tuesday, August 14th. Deutsche Bank raised their price objective on Fiserv from $63.50 to $71.00 and gave the company a “hold” rating in a research note on Wednesday, August 1st. Finally, BidaskClub cut Fiserv from a “buy” rating to a “hold” rating in a research note on Wednesday, August 29th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $78.82.

NASDAQ FISV opened at $74.99 on Monday. Fiserv has a one year low of $62.76 and a one year high of $82.79. The company has a market cap of $30.37 billion, a P/E ratio of 29.29, a price-to-earnings-growth ratio of 2.08 and a beta of 0.79. The company has a quick ratio of 1.09, a current ratio of 1.01 and a debt-to-equity ratio of 1.81.

Fiserv (NASDAQ:FISV) last released its earnings results on Wednesday, October 31st. The business services provider reported $0.75 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $1.44 billion. During the same period in the prior year, the business earned $1.27 EPS. The company’s revenue for the quarter was up .9% on a year-over-year basis.

Large investors have recently made changes to their positions in the stock. Macquarie Group Ltd. boosted its position in shares of Fiserv by 1.6% during the second quarter. Macquarie Group Ltd. now owns 284,676 shares of the business services provider’s stock valued at $21,092,000 after buying an additional 4,444 shares during the last quarter. Findlay Park Partners LLP boosted its position in shares of Fiserv by 27.1% during the second quarter. Findlay Park Partners LLP now owns 1,525,000 shares of the business services provider’s stock valued at $112,987,000 after buying an additional 325,000 shares during the last quarter. Commonwealth Bank of Australia boosted its position in shares of Fiserv by 40.2% during the second quarter. Commonwealth Bank of Australia now owns 30,817 shares of the business services provider’s stock valued at $2,279,000 after buying an additional 8,843 shares during the last quarter. Raymond James & Associates boosted its position in shares of Fiserv by 1.7% during the second quarter. Raymond James & Associates now owns 211,119 shares of the business services provider’s stock valued at $15,642,000 after buying an additional 3,578 shares during the last quarter. Finally, Strs Ohio boosted its position in shares of Fiserv by 32.3% during the second quarter. Strs Ohio now owns 24,465 shares of the business services provider’s stock valued at $1,812,000 after buying an additional 5,975 shares during the last quarter. 87.67% of the stock is currently owned by institutional investors.

In other Fiserv news, insider Jeffery W. Yabuki sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $79.72, for a total value of $3,986,000.00. Following the completion of the sale, 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 available at this hyperlink. Insiders sold 150,000 shares of company stock valued at $11,864,000 in the last three months. Insiders own 1.80% 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; 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.

Further Reading: Market Capitalization – What it Means for Investors

Earnings History and Estimates for Fiserv (NASDAQ:FISV)

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