Equities Analysts Offer Predictions for Fiserv Inc’s Q2 2018 Earnings (FISV)
Fiserv Inc (NASDAQ:FISV) – KeyCorp boosted their Q2 2018 earnings per share (EPS) estimates for Fiserv in a report issued on Sunday. KeyCorp analyst A. Ramnani now expects that the business services provider will post earnings per share of $1.43 for the quarter, up from their prior estimate of $1.42. KeyCorp also issued estimates for Fiserv’s Q3 2018 earnings at $1.46 EPS, Q4 2018 earnings at $1.53 EPS and FY2018 earnings at $5.81 EPS.
Fiserv (NASDAQ:FISV) last issued its earnings results on Wednesday, February 7th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.03. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.51 billion. Fiserv had a return on equity of 46.18% and a net margin of 21.88%. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.16 EPS.
Shares of Fiserv (NASDAQ FISV) traded up $4.85 during mid-day trading on Wednesday, hitting $137.90. The stock had a trading volume of 608,088 shares, compared to its average volume of 1,165,864. The stock has a market cap of $26,918.95, a P/E ratio of 22.94, a price-to-earnings-growth ratio of 1.96 and a beta of 0.87. Fiserv has a fifty-two week low of $108.85 and a fifty-two week high of $144.20. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.14.
In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of the stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $131.18, for a total transaction of $2,230,060.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Kevin J. Schultz sold 3,439 shares of the stock in a transaction on Monday, December 11th. The shares were sold at an average price of $131.51, for a total value of $452,262.89. The disclosure for this sale can be found here. In the last 90 days, insiders sold 49,439 shares of company stock worth $6,605,353. Insiders own 1.80% of the company’s stock.
Large investors have recently made changes to their positions in the business. Toronto Dominion Bank grew its holdings in Fiserv by 10.9% during the 3rd quarter. Toronto Dominion Bank now owns 80,652 shares of the business services provider’s stock valued at $10,400,000 after buying an additional 7,944 shares during the last quarter. Huntington National Bank grew its holdings in Fiserv by 3.1% during the 3rd quarter. Huntington National Bank now owns 219,132 shares of the business services provider’s stock valued at $28,259,000 after buying an additional 6,646 shares during the last quarter. Boothbay Fund Management LLC acquired a new stake in Fiserv during the 3rd quarter valued at $1,290,000. American National Bank grew its holdings in Fiserv by 2.8% during the 4th quarter. American National Bank now owns 40,843 shares of the business services provider’s stock valued at $5,356,000 after buying an additional 1,115 shares during the last quarter. Finally, Atlanta Capital Management Co. L L C grew its holdings in Fiserv by 2.3% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 390,692 shares of the business services provider’s stock valued at $47,798,000 after buying an additional 8,832 shares during the last quarter. Hedge funds and other institutional investors own 88.49% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “Equities Analysts Offer Predictions for Fiserv Inc’s Q2 2018 Earnings (FISV)” was published by Daily Political and is the property of of Daily Political. If you are accessing this piece on another website, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this piece can be viewed at https://www.dailypolitical.com/2018/02/09/equities-analysts-offer-predictions-for-fiserv-incs-q2-2018-earnings-fisv.html.
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.
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.