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.
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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