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.
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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