Brokers Set Expectations for Fiserv Inc’s Q2 2019 Earnings (FISV)

Fiserv Inc (NASDAQ:FISV) – Research analysts at William Blair reduced their Q2 2019 earnings per share estimates for Fiserv in a report released on Thursday, February 7th. William Blair analyst C. Shutler now expects that the business services provider will post earnings of $0.83 per share for the quarter, down from their previous forecast of $0.84. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for Fiserv’s Q3 2019 earnings at $0.85 EPS, Q4 2019 earnings at $0.95 EPS and FY2019 earnings at $3.44 EPS.

Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Thursday, February 7th. The business services provider reported $0.84 earnings per share for the quarter, hitting the consensus estimate of $0.84. Fiserv had a net margin of 20.39% and a return on equity of 47.56%. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the previous year, the company earned $0.71 earnings per share. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year.

Several other research analysts have also recently weighed in on FISV. Zacks Investment Research cut shares of Fiserv from a “hold” rating to a “sell” rating in a report on Monday, October 15th. Buckingham Research assumed coverage on shares of Fiserv in a report on Thursday, February 7th. They set a “buy” rating and a $100.00 price target on the stock. Cantor Fitzgerald restated a “hold” rating and set a $83.00 price target on shares of Fiserv in a report on Friday. BidaskClub cut shares of Fiserv from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 31st. Finally, Barclays assumed coverage on shares of Fiserv in a report on Wednesday, November 14th. They set an “overweight” rating and a $95.00 price target on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. Fiserv presently has a consensus rating of “Buy” and a consensus price target of $86.49.

Fiserv stock opened at $84.56 on Monday. Fiserv has a fifty-two week low of $68.25 and a fifty-two week high of $86.29. The stock has a market cap of $34.15 billion, a P/E ratio of 27.28, a PEG ratio of 2.06 and a beta of 0.82. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.01 and a current ratio of 1.11.

In other Fiserv news, insider Jeffery W. Yabuki sold 50,000 shares of the business’s stock in a transaction dated Wednesday, November 21st. The shares were sold at an average price of $76.94, for a total value of $3,847,000.00. Following the transaction, the insider now directly owns 471,157 shares in the company, valued at $36,250,819.58. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders sold 150,000 shares of company stock worth $11,106,000. Corporate insiders own 1.70% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. We Are One Seven LLC purchased a new stake in shares of Fiserv during the 4th quarter valued at approximately $27,000. Destination Wealth Management purchased a new stake in shares of Fiserv during the 4th quarter valued at approximately $30,000. WESPAC Advisors SoCal LLC purchased a new stake in shares of Fiserv during the 4th quarter valued at approximately $31,000. Legacy Financial Advisors Inc. lifted its stake in shares of Fiserv by 114.3% during the 4th quarter. Legacy Financial Advisors Inc. now owns 553 shares of the business services provider’s stock valued at $41,000 after buying an additional 295 shares in the last quarter. Finally, Athena Capital Advisors LLC purchased a new stake in shares of Fiserv during the 4th quarter valued at approximately $45,000. Institutional investors own 89.60% of the company’s stock.

Fiserv Company Profile

Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.

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Earnings History and Estimates for Fiserv (NASDAQ:FISV)

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