Fiserv (NASDAQ:FISV) – Investment analysts at Cantor Fitzgerald boosted their FY2018 earnings per share (EPS) estimates for Fiserv in a note issued to investors on Tuesday, May 22nd. Cantor Fitzgerald analyst J. Foresi now forecasts that the business services provider will earn $3.12 per share for the year, up from their previous forecast of $3.09. Cantor Fitzgerald currently has a “Hold” rating and a $63.00 target price on the stock. Cantor Fitzgerald also issued estimates for Fiserv’s FY2019 earnings at $3.49 EPS.
Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Tuesday, May 1st. The business services provider reported $0.76 EPS for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.03. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.44 billion. Fiserv had a return on equity of 44.13% and a net margin of 24.76%. Fiserv’s revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.13 earnings per share.
Fiserv opened at $71.68 on Wednesday, according to MarketBeat.com. The stock has a market cap of $29.34 billion, a PE ratio of 28.00, a price-to-earnings-growth ratio of 2.00 and a beta of 0.81. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.55. Fiserv has a one year low of $59.85 and a one year high of $74.46.
A number of hedge funds have recently bought and sold shares of FISV. Schwab Charles Investment Management Inc. grew its stake in Fiserv by 4.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 761,778 shares of the business services provider’s stock valued at $99,892,000 after purchasing an additional 30,029 shares in the last quarter. State of Alaska Department of Revenue grew its stake in Fiserv by 192.8% in the fourth quarter. State of Alaska Department of Revenue now owns 24,449 shares of the business services provider’s stock valued at $3,205,000 after purchasing an additional 16,100 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management bought a new position in Fiserv in the fourth quarter valued at approximately $526,000. Duncker Streett & Co. Inc. grew its stake in Fiserv by 32.9% in the fourth quarter. Duncker Streett & Co. Inc. now owns 21,814 shares of the business services provider’s stock valued at $2,860,000 after purchasing an additional 5,400 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in Fiserv by 55.0% in the fourth quarter. SG Americas Securities LLC now owns 29,616 shares of the business services provider’s stock valued at $3,884,000 after purchasing an additional 10,514 shares in the last quarter. Hedge funds and other institutional investors own 87.28% of the company’s stock.
In related news, insider Jeffery W. Yabuki sold 50,000 shares of the stock in a transaction dated Wednesday, April 18th. The stock was sold at an average price of $72.11, for a total transaction of $3,605,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders have sold 134,000 shares of company stock valued at $9,715,120. 1.80% of the stock is owned by corporate insiders.
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.
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