Fiserv Inc (FISV) to Post Q1 2018 Earnings of $1.36 Per Share, Wedbush Forecasts

Fiserv Inc (NASDAQ:FISV) – Equities research analysts at Wedbush upped their Q1 2018 EPS estimates for shares of Fiserv in a research report issued on Wednesday. Wedbush analyst M. Katri now anticipates that the business services provider will post earnings of $1.36 per share for the quarter, up from their prior estimate of $1.35. Wedbush also issued estimates for Fiserv’s Q2 2018 earnings at $1.38 EPS, Q3 2018 earnings at $1.43 EPS, Q4 2018 earnings at $1.56 EPS, FY2018 earnings at $5.74 EPS, Q3 2019 earnings at $1.58 EPS and FY2019 earnings at $6.40 EPS.

FISV has been the subject of a number of other research reports. Robert W. Baird reaffirmed an “outperform” rating and set a $146.00 target price (up previously from $136.00) on shares of Fiserv in a research note on Tuesday, October 10th. Zacks Investment Research raised shares of Fiserv from a “sell” rating to a “hold” rating in a research note on Monday, October 16th. SunTrust Banks reissued a “hold” rating and set a $130.00 price target on shares of Fiserv in a research report on Wednesday, November 1st. BidaskClub downgraded shares of Fiserv from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 22nd. Finally, Cowen reissued a “hold” rating and set a $115.00 price target on shares of Fiserv in a research report on Thursday, October 12th. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $130.41.

Fiserv (NASDAQ:FISV) opened at $131.96 on Friday. Fiserv has a one year low of $104.51 and a one year high of $133.11. The firm has a market cap of $27,071.08, a P/E ratio of 26.67, a price-to-earnings-growth ratio of 2.22 and a beta of 0.82. The company has a current ratio of 1.01, a quick 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 Zacks’ consensus estimate of $1.30 by ($0.03). Fiserv had a net margin of 16.31% and a return on equity of 43.56%. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the prior year, the business posted $1.14 EPS. Fiserv’s revenue for the quarter was up 1.4% on a year-over-year basis.

In related news, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $125.54, for a total transaction of $2,134,180.00. Following the completion of the sale, the insider now owns 330,835 shares of the company’s stock, valued at $41,533,025.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffery W. Yabuki sold 2,000 shares of Fiserv stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $128.35, for a total transaction of $256,700.00. Following the completion of the sale, the insider now directly owns 236,835 shares of the company’s stock, valued at approximately $30,397,772.25. The disclosure for this sale can be found here. Insiders have sold 45,563 shares of company stock valued at $5,768,566 in the last three months. 1.80% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Fiserv by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 21,301,552 shares of the business services provider’s stock worth $2,606,032,000 after purchasing an additional 518,262 shares during the period. BlackRock Inc. grew its position in Fiserv by 3.7% in the 2nd quarter. BlackRock Inc. now owns 14,873,800 shares of the business services provider’s stock worth $1,819,663,000 after purchasing an additional 528,274 shares during the period. FMR LLC grew its position in Fiserv by 0.7% in the 2nd quarter. FMR LLC now owns 6,907,966 shares of the business services provider’s stock worth $845,121,000 after purchasing an additional 47,797 shares during the period. Longview Partners Guernsey LTD grew its position in Fiserv by 23.3% in the 3rd quarter. Longview Partners Guernsey LTD now owns 5,391,519 shares of the business services provider’s stock worth $695,290,000 after purchasing an additional 1,020,121 shares during the period. Finally, Alliancebernstein L.P. grew its position in Fiserv by 7.0% in the 2nd quarter. Alliancebernstein L.P. now owns 3,527,505 shares of the business services provider’s stock worth $431,555,000 after purchasing an additional 232,005 shares during the period. 88.62% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: This piece of content was published by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this piece of content on another site, it was stolen and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://stocknewstimes.com/2017/12/16/fiserv-inc-fisv-to-post-q1-2018-earnings-of-1-36-per-share-wedbush-forecasts.html.

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)

Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply