Fiserv, Inc. (NASDAQ:FISV) – Stock analysts at Wedbush issued their Q2 2017 earnings estimates for Fiserv in a research report issued on Wednesday. Wedbush analyst M. Katri forecasts that the business services provider will post earnings per share of $1.25 for the quarter. Wedbush has a “Outperform” rating and a $146.25 price objective on the stock. Wedbush also issued estimates for Fiserv’s Q3 2017 earnings at $1.31 EPS and Q4 2017 earnings at $1.32 EPS.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Wednesday, April 26th. The business services provider reported $1.25 EPS for the quarter, beating the consensus estimate of $1.18 by $0.07. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.40 billion. Fiserv had a net margin of 15.95% and a return on equity of 40.28%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.06 EPS.

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A number of other brokerages have also recently commented on FISV. Zacks Investment Research cut shares of Fiserv from a “buy” rating to a “hold” rating in a report on Tuesday, April 18th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $123.00 target price on shares of Fiserv in a report on Friday, April 28th. Cantor Fitzgerald lifted their target price on shares of Fiserv from $107.00 to $118.00 and gave the company a “neutral” rating in a report on Friday, April 28th. Guggenheim raised shares of Fiserv from a “neutral” rating to a “buy” rating and lifted their target price for the company from $131.00 to $136.00 in a report on Monday. Finally, Vetr cut shares of Fiserv from a “buy” rating to a “hold” rating and set a $121.50 target price on the stock. in a report on Thursday, April 20th. Ten investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Fiserv currently has an average rating of “Hold” and a consensus target price of $121.12.

Shares of Fiserv (NASDAQ FISV) opened at 126.23 on Friday. The stock has a 50 day moving average of $124.02 and a 200 day moving average of $117.30. Fiserv has a 12-month low of $92.81 and a 12-month high of $127.10. The stock has a market capitalization of $26.81 billion, a P/E ratio of 31.53 and a beta of 0.80.

In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $121.85, for a total transaction of $2,071,450.00. Following the sale, the insider now directly owns 323,776 shares in the company, valued at approximately $39,452,105.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffery W. Yabuki sold 2,000 shares of the business’s stock in a transaction on Wednesday, April 26th. The stock was sold at an average price of $120.19, for a total transaction of $240,380.00. Following the sale, the insider now owns 337,151 shares in the company, valued at $40,522,178.69. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,000 shares of company stock worth $4,437,850. 1.90% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the company. Old Mutual Global Investors UK Ltd. raised its stake in shares of Fiserv by 155.5% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 381,807 shares of the business services provider’s stock valued at $44,026,000 after buying an additional 232,364 shares during the last quarter. British Columbia Investment Management Corp raised its stake in shares of Fiserv by 6.3% in the first quarter. British Columbia Investment Management Corp now owns 84,563 shares of the business services provider’s stock valued at $9,751,000 after buying an additional 5,016 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in shares of Fiserv by 25.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 16,179 shares of the business services provider’s stock valued at $1,866,000 after buying an additional 3,304 shares during the last quarter. University of Texas Investment Managment Co. bought a new stake in shares of Fiserv during the first quarter valued at approximately $184,000. Finally, Thrivent Financial for Lutherans raised its stake in shares of Fiserv by 4.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 7,520 shares of the business services provider’s stock valued at $799,000 after buying an additional 320 shares during the last quarter. Institutional investors own 87.68% of the company’s stock.

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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