Fiserv, Inc. (NASDAQ:FISV) – Equities researchers at SunTrust Banks raised their Q3 2017 EPS estimates for Fiserv in a report released on Tuesday. SunTrust Banks analyst A. Jeffrey now anticipates that the business services provider will post earnings of $1.33 per share for the quarter, up from their prior estimate of $1.32. SunTrust Banks also issued estimates for Fiserv’s FY2017 earnings at $5.22 EPS and FY2018 earnings at $5.93 EPS.
Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Wednesday, April 26th. The business services provider reported $1.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.07. Fiserv had a return on equity of 40.28% and a net margin of 15.95%. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter last year, the business posted $1.06 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. ILLEGAL ACTIVITY WARNING: “Research Analysts Issue Forecasts for Fiserv, Inc.’s Q3 2017 Earnings (FISV)” was first reported by BBNS and is the sole property of of BBNS. If you are reading this article on another site, it was illegally copied and reposted in violation of U.S. and international copyright and trademark legislation. The correct version of this article can be viewed at https://baseballnewssource.com/markets/research-analysts-issue-forecasts-for-fiserv-inc-s-q3-2017-earnings-fisv/1078171.html.
A number of other equities research analysts have also weighed in on the stock. Royal Bank Of Canada restated a “hold” rating and issued a $123.00 target price on shares of Fiserv in a report on Friday, April 28th. Zacks Investment Research lowered shares of Fiserv from a “buy” rating to a “hold” rating in a report on Tuesday, April 18th. Credit Suisse Group restated a “hold” rating and issued a $116.00 target price on shares of Fiserv in a report on Friday, April 28th. Cantor Fitzgerald upped their target price on shares of Fiserv from $107.00 to $118.00 and gave the stock a “neutral” rating in a report on Friday, April 28th. Finally, Monness Crespi & Hardt upped their target price on shares of Fiserv from $118.00 to $128.00 and gave the stock a “buy” rating in a report on Monday, April 3rd. Twelve investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $119.25.
Shares of Fiserv (NASDAQ:FISV) opened at 124.91 on Thursday. The firm has a 50 day moving average price of $122.48 and a 200 day moving average price of $114.80. The firm has a market cap of $26.53 billion, a P/E ratio of 31.20 and a beta of 0.81. Fiserv has a 1-year low of $92.81 and a 1-year high of $126.28.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Oribel Capital Management LP bought a new position in Fiserv during the fourth quarter worth $861,000. Gideon Capital Advisors Inc. acquired a new position in Fiserv during the fourth quarter valued at approximately $286,000. Massmutual Trust Co. FSB ADV acquired a new position in Fiserv during the fourth quarter valued at approximately $3,541,000. Rafferty Asset Management LLC increased its position in Fiserv by 27.7% in the fourth quarter. Rafferty Asset Management LLC now owns 27,655 shares of the business services provider’s stock valued at $2,939,000 after buying an additional 5,991 shares during the period. Finally, Asset Management One Co. Ltd. increased its position in Fiserv by 1,801.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 388,802 shares of the business services provider’s stock valued at $41,349,000 after buying an additional 368,354 shares during the period. 88.03% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Jeffery W. Yabuki sold 15,000 shares of the stock in a transaction that occurred on Tuesday, April 18th. The shares were sold at an average price of $116.38, for a total transaction of $1,745,700.00. Following the completion of the transaction, the insider now directly owns 339,151 shares of the company’s stock, valued at approximately $39,470,393.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffery W. Yabuki sold 17,000 shares of the stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $121.85, for a total transaction of $2,071,450.00. Following the transaction, the insider now directly owns 323,776 shares of the company’s stock, valued at $39,452,105.60. The disclosure for this sale can be found here. Insiders have sold a total of 34,000 shares of company stock valued at $4,057,530 over the last three months. Insiders own 1.90% of the company’s stock.
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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