Fiserv, Inc. (FISV) Forecasted to Post Q1 2018 Earnings of $1.36 Per Share

Fiserv, Inc. (NASDAQ:FISV) – Research analysts at Jefferies Group issued their Q1 2018 EPS estimates for Fiserv in a report released on Wednesday. Jefferies Group analyst R. El-Assal expects that the business services provider will earn $1.36 per share for the quarter. Jefferies Group also issued estimates for Fiserv’s Q2 2018 earnings at $1.38 EPS, Q3 2018 earnings at $1.41 EPS and Q4 2018 earnings at $1.58 EPS.

Other analysts have also recently issued reports about the stock. Robert W. Baird restated a “buy” rating and set a $136.00 price objective on shares of Fiserv in a research note on Friday, September 8th. BidaskClub cut shares of Fiserv from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 22nd. Barclays PLC restated an “equal weight” rating and set a $123.00 price objective (up from $115.00) on shares of Fiserv in a research note on Wednesday, August 2nd. Royal Bank Of Canada restated a “hold” rating and set a $128.00 price objective on shares of Fiserv in a research note on Wednesday, September 6th. Finally, Cowen and Company restated a “hold” rating and set a $115.00 price objective on shares of Fiserv in a research note on Thursday, August 3rd. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $130.41.

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Shares of Fiserv (FISV) opened at $128.39 on Monday. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.01 and a current ratio of 1.01. Fiserv has a 12 month low of $102.51 and a 12 month high of $130.20. The company has a market cap of $26,756.40, a P/E ratio of 26.36, a price-to-earnings-growth ratio of 2.20 and a beta of 0.82.

Fiserv (NASDAQ:FISV) last released its earnings results on Tuesday, October 31st. The business services provider reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.03). The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.45 billion. Fiserv had a return on equity of 43.56% and a net margin of 16.31%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the business earned $1.14 earnings per share.

A number of hedge funds and other institutional investors have recently modified their holdings of FISV. Janus Henderson Group PLC increased its holdings in Fiserv by 267.7% in the 2nd quarter. Janus Henderson Group PLC now owns 1,868,168 shares of the business services provider’s stock worth $228,551,000 after acquiring an additional 1,360,102 shares in the last quarter. Longview Partners Guernsey LTD increased its holdings in Fiserv by 23.3% in the 3rd quarter. Longview Partners Guernsey LTD now owns 5,391,519 shares of the business services provider’s stock worth $695,290,000 after acquiring an additional 1,020,121 shares in the last quarter. Voya Investment Management LLC increased its holdings in Fiserv by 116.6% in the 2nd quarter. Voya Investment Management LLC now owns 1,665,267 shares of the business services provider’s stock worth $203,729,000 after acquiring an additional 896,418 shares in the last quarter. BlackRock Inc. increased its holdings in Fiserv by 3.7% in the 2nd quarter. BlackRock Inc. now owns 14,873,800 shares of the business services provider’s stock worth $1,819,663,000 after acquiring an additional 528,274 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Fiserv by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 21,301,552 shares of the business services provider’s stock worth $2,606,032,000 after acquiring an additional 518,262 shares in the last quarter. 88.85% of the stock is owned by institutional investors.

In related news, insider Jeffery W. Yabuki sold 17,000 shares of the business’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $127.22, for a total value of $2,162,740.00. Following the completion of the sale, the insider now owns 313,835 shares of the company’s stock, valued at approximately $39,926,088.70. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kim M. Robak sold 6,124 shares of the business’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $124.54, for a total transaction of $762,682.96. Following the completion of the sale, the director now directly owns 42,141 shares of the company’s stock, valued at approximately $5,248,240.14. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 57,124 shares of company stock valued at $7,133,943. Insiders own 1.80% of the company’s stock.

About Fiserv

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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