Fiserv Inc (FISV) Forecasted to Earn Q1 2018 Earnings of $1.47 Per Share
Fiserv Inc (NASDAQ:FISV) – Investment analysts at Northcoast Research issued their Q1 2018 earnings per share (EPS) estimates for shares of Fiserv in a research report issued on Thursday. Northcoast Research analyst K. Mehta anticipates that the business services provider will post earnings of $1.47 per share for the quarter. Northcoast Research also issued estimates for Fiserv’s Q2 2018 earnings at $1.48 EPS, Q3 2018 earnings at $1.54 EPS, Q4 2018 earnings at $1.75 EPS and FY2019 earnings at $7.00 EPS.
Several other research firms also recently issued reports on FISV. Cantor Fitzgerald reaffirmed a “hold” rating and set a $126.00 price objective on shares of Fiserv in a report on Wednesday, November 1st. Zacks Investment Research raised shares of Fiserv from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. Citigroup upped their price objective on shares of Fiserv from $138.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday. Cowen reaffirmed a “hold” rating and set a $135.00 price objective on shares of Fiserv in a report on Thursday. Finally, SunTrust Banks raised shares of Fiserv from a “hold” rating to a “buy” rating in a report on Friday. Ten equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $139.86.
Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Wednesday, February 7th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 net margin of 21.88% and a return on equity of 44.58%. Fiserv’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.16 EPS.
A number of institutional investors and hedge funds have recently bought and sold shares of FISV. Coastline Trust Co acquired a new stake in Fiserv in the 3rd quarter valued at about $202,000. Univest Corp of Pennsylvania acquired a new stake in Fiserv in the 4th quarter valued at about $202,000. Paragon Capital Management Ltd acquired a new stake in Fiserv in the 3rd quarter valued at about $206,000. Associated Banc Corp acquired a new stake in Fiserv in the 3rd quarter valued at about $261,000. Finally, Claraphi Advisory Network LLC acquired a new stake in Fiserv in the 4th quarter valued at about $267,000. Hedge funds and other institutional investors own 88.49% of the company’s stock.
In related news, insider Kevin J. Schultz sold 3,439 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $131.51, for a total transaction of $452,262.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffery W. Yabuki sold 2,000 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $128.35, for a total transaction of $256,700.00. Following the sale, the insider now 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 a total of 49,439 shares of company stock valued at $6,605,353 in the last quarter. 1.80% of the stock is currently owned by corporate insiders.
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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