KeyCorp Weighs in on Fiserv, Inc.’s Q3 2017 Earnings (NASDAQ:FISV)
Fiserv, Inc. (NASDAQ:FISV) – Investment analysts at KeyCorp issued their Q3 2017 earnings per share (EPS) estimates for shares of Fiserv in a report issued on Tuesday. KeyCorp analyst A. Ramnani expects that the business services provider will earn $1.33 per share for the quarter. KeyCorp also issued estimates for Fiserv’s Q4 2017 earnings at $1.37 EPS, Q1 2018 earnings at $1.41 EPS, Q2 2018 earnings at $1.45 EPS, Q3 2018 earnings at $1.50 EPS and Q4 2018 earnings at $1.54 EPS.
Fiserv (NASDAQ:FISV) last issued its earnings results on Tuesday, August 1st. The business services provider reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by $0.04. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.42 billion. Fiserv had a net margin of 16.04% and a return on equity of 41.79%. Fiserv’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.08 EPS.
Several other equities analysts have also recently weighed in on the company. Royal Bank Of Canada reiterated a “hold” rating and set a $123.00 price objective on shares of Fiserv in a report on Friday, April 28th. Zacks Investment Research cut Fiserv from a “buy” rating to a “hold” rating in a report on Tuesday, April 18th. Credit Suisse Group reiterated a “hold” rating and set a $116.00 price objective on shares of Fiserv in a report on Friday, April 28th. BidaskClub cut Fiserv from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 5th. Finally, Cantor Fitzgerald lifted their price objective on Fiserv from $107.00 to $118.00 and gave the company a “neutral” rating in a report on Friday, April 28th. Nine research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $126.91.
Fiserv (NASDAQ FISV) opened at 123.08 on Thursday. The stock has a 50 day moving average price of $124.64 and a 200-day moving average price of $118.43. Fiserv has a one year low of $92.81 and a one year high of $129.35. The firm has a market cap of $26.62 billion, a P/E ratio of 30.13 and a beta of 0.81.
In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of the business’s stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $126.02, for a total transaction of $2,142,340.00. Following the transaction, the insider now owns 286,151 shares of the company’s stock, valued at approximately $36,060,749.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 51,000 shares of company stock worth $6,339,810 in the last ninety days. Insiders own 1.90% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Pensionfund Sabic bought a new position in Fiserv during the first quarter valued at $1,499,000. Pensionfund DSM Netherlands bought a new position in Fiserv during the first quarter valued at $2,998,000. Park National Corp OH raised its position in Fiserv by 4.1% in the first quarter. Park National Corp OH now owns 6,748 shares of the business services provider’s stock valued at $778,000 after buying an additional 266 shares during the period. Bridges Investment Management Inc. raised its position in Fiserv by 1.2% in the first quarter. Bridges Investment Management Inc. now owns 32,875 shares of the business services provider’s stock valued at $3,791,000 after buying an additional 400 shares during the period. Finally, Bridges Investment Counsel Inc. raised its position in Fiserv by 33.6% in the first quarter. Bridges Investment Counsel Inc. now owns 15,400 shares of the business services provider’s stock valued at $1,776,000 after buying an additional 3,875 shares during the period. 87.72% of the stock is currently owned by hedge funds and other institutional investors.
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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