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.

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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.

Earnings History and Estimates for Fiserv (NASDAQ:FISV)

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