Fiserv, Inc. (NASDAQ:FISV) announced its quarterly earnings data on Tuesday. The business services provider reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by $0.04, Briefing.com reports. Fiserv had a net margin of 15.95% and a return on equity of 40.28%. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the previous year, the business posted $1.08 earnings per share. Fiserv’s revenue was up 1.7% compared to the same quarter last year. Fiserv updated its FY17 guidance to $5.03 to $5.17 EPS.
Fiserv (FISV) traded up 0.60% during midday trading on Tuesday, reaching $129.27. 1,110,436 shares of the company traded hands. The stock has a market capitalization of $27.45 billion, a P/E ratio of 32.24 and a beta of 0.80. The company has a 50 day moving average of $124.64 and a 200-day moving average of $118.43. Fiserv has a 12-month low of $92.81 and a 12-month high of $129.35.
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In other news, insider Jeffery W. Yabuki sold 17,000 shares of the stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $125.06, for a total transaction of $2,126,020.00. Following the completion of the sale, the insider now directly owns 303,151 shares in the company, valued at $37,912,064.06. The transaction was disclosed in a filing with the SEC, which is available at this link. Over the last quarter, insiders have sold 51,000 shares of company stock valued at $6,339,810. 1.90% of the stock is currently owned by corporate insiders.
FISV has been the topic of a number of recent research reports. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $123.00 price objective on shares of Fiserv in a research note on Friday, April 28th. Zacks Investment Research cut shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Tuesday, April 18th. Credit Suisse Group reaffirmed a “hold” rating and issued a $116.00 price objective on shares of Fiserv in a research note on Friday, April 28th. BidaskClub cut shares of Fiserv from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Finally, Cantor Fitzgerald raised their price objective on shares of Fiserv from $107.00 to $118.00 and gave the company a “neutral” rating in a research note on Friday, April 28th. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Fiserv presently has an average rating of “Hold” and a consensus target price of $122.72.
Fiserv Company Profile
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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