Fiserv, Inc. (NASDAQ:FISV) – Investment analysts at Wedbush dropped their FY2017 EPS estimates for shares of Fiserv in a report released on Wednesday. Wedbush analyst M. Katri now forecasts that the business services provider will post earnings of $5.08 per share for the year, down from their prior estimate of $5.09. Wedbush also issued estimates for Fiserv’s Q4 2017 earnings at $1.37 EPS, Q1 2018 earnings at $1.35 EPS, Q2 2018 earnings at $1.37 EPS, Q3 2018 earnings at $1.40 EPS, Q4 2018 earnings at $1.52 EPS, FY2018 earnings at $5.63 EPS, Q1 2019 earnings at $1.52 EPS, Q2 2019 earnings at $1.50 EPS, Q3 2019 earnings at $1.54 EPS and FY2019 earnings at $6.24 EPS.
Several other research analysts have also recently issued reports on the company. Zacks Investment Research cut Fiserv from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Robert W. Baird reissued an “outperform” rating and issued a $146.00 target price (up from $136.00) on shares of Fiserv in a research report on Tuesday, October 10th. Guggenheim raised Fiserv from a “neutral” rating to a “buy” rating and raised their target price for the stock from $131.00 to $136.00 in a research report on Monday, July 17th. Royal Bank Of Canada reissued a “hold” rating and issued a $128.00 target price on shares of Fiserv in a research report on Wednesday, September 6th. Finally, Cowen and Company reissued a “hold” rating and issued a $115.00 target price on shares of Fiserv in a research report on Thursday, October 12th. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Fiserv has an average rating of “Hold” and an average target price of $128.45.
TRADEMARK VIOLATION NOTICE: “FY2017 EPS Estimates for Fiserv, Inc. (FISV) Lowered by Analyst” was first reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.com-unik.info/2017/11/03/fy2017-eps-estimates-for-fiserv-inc-fisv-lowered-by-analyst.html. Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Tuesday, October 31st. The business services provider reported $1.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.30 by ($0.03). The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Fiserv had a net margin of 16.31% and a return on equity of 43.56%. Fiserv’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the company earned $1.14 earnings per share.
Hedge funds have recently bought and sold shares of the company. Gardiner Nancy B lifted its position in shares of Fiserv by 6.5% during the 1st quarter. Gardiner Nancy B now owns 12,537 shares of the business services provider’s stock valued at $1,445,000 after buying an additional 762 shares in the last quarter. Atria Investments LLC purchased a new position in Fiserv in the 2nd quarter worth approximately $201,000. Dupont Capital Management Corp lifted its holdings in Fiserv by 6.8% in the 2nd quarter. Dupont Capital Management Corp now owns 12,967 shares of the business services provider’s stock worth $1,586,000 after purchasing an additional 826 shares in the last quarter. Great Lakes Advisors LLC lifted its holdings in Fiserv by 2.2% in the 2nd quarter. Great Lakes Advisors LLC now owns 17,228 shares of the business services provider’s stock worth $2,108,000 after purchasing an additional 378 shares in the last quarter. Finally, Tredje AP fonden lifted its holdings in Fiserv by 38.1% in the 2nd quarter. Tredje AP fonden now owns 69,035 shares of the business services provider’s stock worth $8,446,000 after purchasing an additional 19,050 shares in the last quarter. 87.85% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Jeffery W. Yabuki sold 17,000 shares of Fiserv stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $122.02, for a total transaction of $2,074,340.00. Following the transaction, the insider now directly owns 269,151 shares of the company’s stock, valued at approximately $32,841,805.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kim M. Robak sold 6,124 shares of Fiserv stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $124.54, for a total value of $762,682.96. Following the transaction, the director now directly owns 42,141 shares in the company, valued at $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 worth $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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