Fiserv (FISV) Issues FY18 Earnings Guidance

Fiserv (NASDAQ:FISV) updated its FY18 earnings guidance on Wednesday. The company provided EPS guidance of $6.05 to $6.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.85.

Several analysts have weighed in on the stock. BMO Capital Markets lifted their price objective on shares of Fiserv from $133.00 to $152.00 and gave the stock a market perform rating in a research note on Thursday. Cowen reiterated a hold rating and issued a $135.00 price objective on shares of Fiserv in a research note on Thursday. Credit Suisse Group dropped their target price on shares of Fiserv from $140.00 to $136.00 and set a neutral rating for the company in a research report on Thursday. Cantor Fitzgerald restated a hold rating and issued a $126.00 target price on shares of Fiserv in a research report on Wednesday. Finally, BidaskClub upgraded shares of Fiserv from a buy rating to a strong-buy rating in a research report on Wednesday, January 31st. Ten research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $138.58.

Shares of Fiserv (FISV) traded up $7.51 during trading hours on Thursday, hitting $136.68. 2,018,223 shares of the stock traded hands, compared to its average volume of 1,142,054. The firm has a market cap of $27,248.22, a PE ratio of 32.34, a PEG ratio of 1.98 and a beta of 0.87. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.14. Fiserv has a one year low of $107.41 and a one year high of $144.20.

Fiserv (NASDAQ:FISV) last issued its earnings results on Wednesday, February 7th. The business services provider reported $1.41 EPS for the quarter, beating the consensus estimate of $1.38 by $0.03. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Fiserv had a net margin of 16.31% and a return on equity of 43.56%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.16 EPS. sell-side analysts forecast that Fiserv will post 5.08 EPS for the current fiscal year.

In related news, insider Byron C. Vielehr sold 10,000 shares of Fiserv stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $131.03, for a total transaction of $1,310,300.00. Following the sale, the insider now directly owns 19,719 shares of the company’s stock, valued at approximately $2,583,780.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffery W. Yabuki sold 2,000 shares of Fiserv stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $128.35, for a total transaction of $256,700.00. Following the sale, the insider now directly owns 236,835 shares in the company, valued at $30,397,772.25. The disclosure for this sale can be found here. Insiders have sold a total of 49,439 shares of company stock worth $6,605,353 over the last ninety days. 1.80% of the stock is currently owned by insiders.

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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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