Fiserv, Inc. (NASDAQ:FISV) – Equities researchers at First Analysis increased their FY2017 earnings estimates for Fiserv in a note issued to investors on Wednesday, according to Zacks Investment Research. First Analysis analyst L. Berlin now anticipates that the business services provider will post earnings per share of $5.09 for the year, up from their prior estimate of $5.06. First Analysis also issued estimates for Fiserv’s FY2018 earnings at $5.83 EPS.
Several other brokerages also recently issued reports on FISV. Zacks Investment Research downgraded Fiserv from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Cantor Fitzgerald restated a “hold” rating and set a $126.00 target price on shares of Fiserv in a research report on Wednesday, November 1st. Royal Bank Of Canada restated a “sector perform” rating and set a $128.00 target price (up previously from $123.00) on shares of Fiserv in a research report on Tuesday, August 8th. Credit Suisse Group boosted their target price on Fiserv from $123.00 to $126.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 2nd. Finally, BMO Capital Markets boosted their target price on Fiserv from $112.00 to $133.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 1st. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $128.45.
Fiserv (FISV) opened at $129.73 on Monday. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.01 and a quick ratio of 1.01. Fiserv has a 52-week low of $100.03 and a 52-week high of $130.20. The stock has a market capitalization of $26,708.47, a price-to-earnings ratio of 26.32, a price-to-earnings-growth ratio of 2.19 and a beta of 0.82.
Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Tuesday, October 31st. The business services provider reported $1.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.30 by ($0.03). Fiserv had a net margin of 16.31% and a return on equity of 43.56%. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period in the prior year, the firm earned $1.14 EPS. Fiserv’s quarterly revenue was up 1.4% compared to the same quarter last year.
Hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC boosted its position in shares of Fiserv by 8.2% during the second quarter. Parallel Advisors LLC now owns 849 shares of the business services provider’s stock worth $109,000 after buying an additional 64 shares during the period. Chicago Partners Investment Group LLC acquired a new position in shares of Fiserv during the second quarter worth about $104,000. Acrospire Investment Management LLC acquired a new position in shares of Fiserv during the second quarter worth about $122,000. Trust Co. of Vermont boosted its position in shares of Fiserv by 53.3% during the second quarter. Trust Co. of Vermont now owns 1,303 shares of the business services provider’s stock worth $159,000 after buying an additional 453 shares during the period. Finally, Sun Life Financial INC boosted its position in shares of Fiserv by 11,838.5% during the second quarter. Sun Life Financial INC now owns 1,552 shares of the business services provider’s stock worth $190,000 after buying an additional 1,539 shares during the period. 89.41% of the stock is owned by institutional investors.
In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of the business’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $127.22, for a total value of $2,162,740.00. Following the completion of the transaction, the insider now directly owns 313,835 shares of the company’s stock, valued at $39,926,088.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Kim M. Robak sold 6,124 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $124.54, for a total value of $762,682.96. Following the completion of the transaction, the director now directly owns 42,141 shares of the company’s stock, valued at $5,248,240.14. The disclosure for this sale can be found here. Over the last three months, insiders sold 57,124 shares of company stock valued at $7,133,943. Insiders own 1.80% of the company’s stock.
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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