Analysts Set Expectations for Fiserv, Inc.’s FY2017 Earnings (FISV)

Fiserv, Inc. (NASDAQ:FISV) – Investment analysts at KeyCorp dropped their FY2017 EPS estimates for shares of Fiserv in a research note issued to investors on Tuesday. KeyCorp analyst A. Ramnani now expects that the business services provider will earn $5.07 per share for the year, down from their previous estimate of $5.13. KeyCorp also issued estimates for Fiserv’s Q4 2017 earnings at $1.36 EPS, Q1 2018 earnings at $1.39 EPS, Q2 2018 earnings at $1.42 EPS, Q3 2018 earnings at $1.42 EPS, Q4 2018 earnings at $1.49 EPS and FY2018 earnings at $5.72 EPS.

Several other research analysts also recently weighed in on FISV. Guggenheim raised Fiserv from a “neutral” rating to a “buy” rating and upped their target price for the stock from $131.00 to $136.00 in a research note on Monday, July 17th. Zacks Investment Research raised Fiserv from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research note on Wednesday, July 19th. BidaskClub raised Fiserv from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. BMO Capital Markets upped their target price on Fiserv from $112.00 to $133.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 1st. Finally, Royal Bank Of Canada upped their target price on Fiserv from $123.00 to $128.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 2nd. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $128.45.

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Fiserv (FISV) opened at $127.03 on Thursday. The company has a market capitalization of $26.38 billion, a price-to-earnings ratio of 25.99, a P/E/G ratio of 2.16 and a beta of 0.82. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 2.14.

Fiserv (NASDAQ:FISV) last announced its earnings results on Tuesday, October 31st. The business services provider reported $1.27 earnings per share 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 analyst estimates of $1.45 billion. Fiserv had a return on equity of 43.56% and a net margin of 16.31%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.14 earnings per share.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Gardiner Nancy B grew its holdings 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 worth $1,445,000 after purchasing an additional 762 shares during the period. Atria Investments LLC purchased a new position in shares of Fiserv during the 2nd quarter worth $201,000. Dupont Capital Management Corp grew its holdings in shares of Fiserv by 6.8% during 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 during the period. Great Lakes Advisors LLC grew its holdings in shares of Fiserv by 2.2% during 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 during the period. Finally, Tredje AP fonden grew its holdings in shares of Fiserv by 38.1% during 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 during the period. Institutional investors and hedge funds own 87.85% of the company’s stock.

In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $122.02, for a total value of $2,074,340.00. Following the completion of the sale, the insider now directly owns 269,151 shares in the company, valued at approximately $32,841,805.02. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Kim M. Robak sold 6,124 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $124.54, for a total value of $762,682.96. Following the completion of the sale, the director now owns 42,141 shares of the company’s stock, valued at $5,248,240.14. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 57,124 shares of company stock valued at $7,133,943. 1.80% of the stock is owned by company insiders.

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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