Q2 2018 EPS Estimates for Fiserv (FISV) Raised by First Analysis

Fiserv (NASDAQ:FISV) – Investment analysts at First Analysis boosted their Q2 2018 earnings per share estimates for Fiserv in a research report issued to clients and investors on Friday, April 13th. First Analysis analyst L. Berlin now forecasts that the business services provider will post earnings per share of $0.75 for the quarter, up from their prior forecast of $0.75.

How to Become a New Pot Stock Millionaire

Several other research analysts have also issued reports on the company. Cantor Fitzgerald reaffirmed a “hold” rating and set a $63.00 target price on shares of Fiserv in a research report on Wednesday, February 7th. ValuEngine lowered Fiserv from a “hold” rating to a “sell” rating in a research report on Thursday, March 22nd. Barclays reaffirmed a “hold” rating and set a $70.50 target price on shares of Fiserv in a research report on Friday, January 5th. Zacks Investment Research raised Fiserv from a “hold” rating to a “buy” rating and set a $77.00 target price on the stock in a research report on Tuesday, February 13th. Finally, Credit Suisse Group upped their target price on Fiserv from $63.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company’s stock. Fiserv currently has a consensus rating of “Hold” and a consensus price target of $70.83.

Shares of NASDAQ:FISV opened at $70.90 on Monday. Fiserv has a 1 year low of $57.85 and a 1 year high of $74.46. The stock has a market cap of $29,185.05, a P/E ratio of 27.70, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.79.

Fiserv (NASDAQ:FISV) last announced its earnings results on Wednesday, February 7th. The business services provider reported $0.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.01. Fiserv had a return on equity of 44.58% and a net margin of 21.88%. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period in the prior year, the company posted $0.58 EPS. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year.

Institutional investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC boosted its stake in shares of Fiserv by 22.4% in the third quarter. Janney Montgomery Scott LLC now owns 12,868 shares of the business services provider’s stock worth $1,659,000 after buying an additional 2,358 shares during the last quarter. Sterling Capital Management LLC boosted its stake in shares of Fiserv by 5.3% in the third quarter. Sterling Capital Management LLC now owns 15,956 shares of the business services provider’s stock worth $2,058,000 after buying an additional 806 shares during the last quarter. Moors & Cabot Inc. boosted its stake in shares of Fiserv by 31.5% in the third quarter. Moors & Cabot Inc. now owns 2,433 shares of the business services provider’s stock worth $311,000 after buying an additional 583 shares during the last quarter. AXA boosted its stake in shares of Fiserv by 3.8% in the third quarter. AXA now owns 184,300 shares of the business services provider’s stock worth $23,767,000 after buying an additional 6,700 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of Fiserv by 6.2% in the third quarter. Parametric Portfolio Associates LLC now owns 598,840 shares of the business services provider’s stock worth $77,226,000 after buying an additional 35,111 shares during the last quarter. Institutional investors and hedge funds own 44.88% of the company’s stock.

In other Fiserv news, Director Denis Oleary sold 12,160 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $142.64, for a total transaction of $1,734,502.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffery W. Yabuki sold 34,000 shares of the business’s stock in a transaction dated Monday, March 19th. The shares were sold at an average price of $73.43, for a total value of $2,496,620.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 80,160 shares of company stock worth $8,993,842. Company insiders own 1.80% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Q2 2018 EPS Estimates for Fiserv (FISV) Raised by First Analysis” was originally published by Week Herald and is the property of of Week Herald. If you are viewing this news story on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The legal version of this news story can be accessed at https://weekherald.com/2018/04/16/q2-2018-eps-estimates-for-fiserv-fisv-raised-by-first-analysis.html.

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.

Earnings History and Estimates for Fiserv (NASDAQ:FISV)

Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply