Fiserv, Inc. (NASDAQ:FISV) to Post Q4 2017 Earnings of $1.40 Per Share, SunTrust Banks Forecasts
Fiserv, Inc. (NASDAQ:FISV) – Analysts at SunTrust Banks lifted their Q4 2017 earnings estimates for shares of Fiserv in a research report issued to clients and investors on Wednesday. SunTrust Banks analyst A. Jeffrey now anticipates that the business services provider will post earnings of $1.40 per share for the quarter, up from their previous estimate of $1.38.
A number of other research analysts have also issued reports on the company. Cowen and Company reiterated a “hold” rating and set a $115.00 price target on shares of Fiserv in a research report on Thursday. Credit Suisse Group boosted their price target on Fiserv from $123.00 to $126.00 and gave the stock a “neutral” rating in a research report on Wednesday. Barclays PLC reiterated an “equal weight” rating and set a $123.00 price target (up previously from $115.00) on shares of Fiserv in a research report on Wednesday. Royal Bank Of Canada boosted their price target on Fiserv from $123.00 to $128.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Finally, BMO Capital Markets boosted their price target on Fiserv from $112.00 to $133.00 and gave the stock a “market perform” rating in a research report on Tuesday. Nine investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $126.91.
Fiserv (NASDAQ:FISV) traded down 0.698% on Thursday, reaching $123.105. The company’s stock had a trading volume of 401,827 shares. Fiserv has a 52-week low of $92.81 and a 52-week high of $129.35. The firm has a market capitalization of $26.63 billion, a P/E ratio of 30.136 and a beta of 0.81. The firm has a 50-day moving average price of $124.65 and a 200 day moving average price of $118.43.
Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Tuesday, August 1st. The business services provider reported $1.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by $0.04. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Fiserv had a return on equity of 41.79% and a net margin of 16.04%. The company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 EPS.
In other news, insider Jeffery W. Yabuki sold 17,000 shares of the business’s stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $125.06, for a total value of $2,126,020.00. Following the sale, the insider now owns 303,151 shares of the company’s stock, valued at approximately $37,912,064.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 51,000 shares of company stock worth $6,339,810 in the last three months. Company insiders own 1.90% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Chicago Partners Investment Group LLC purchased a new stake in Fiserv during the second quarter worth approximately $104,000. First Manhattan Co. raised its stake 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 worth $102,000 after buying an additional 134 shares during the period. Advisory Services Network LLC bought a new stake in shares of Fiserv during the first quarter worth about $131,000. Trust Co. of Vermont raised its stake in shares of Fiserv by 53.3% in 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, Morgan Dempsey Capital Management LLC raised its stake 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 worth $171,000 after buying an additional 33 shares during the period. 87.72% of the stock is currently owned by institutional investors.
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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