Oppenheimer Research Analysts Boost Earnings Estimates for Fiserv Inc (FISV)
Fiserv Inc (NASDAQ:FISV) – Equities research analysts at Oppenheimer increased their Q1 2018 earnings per share estimates for shares of Fiserv in a report issued on Thursday. Oppenheimer analyst G. Greene now expects that the business services provider will earn $1.51 per share for the quarter, up from their previous estimate of $1.40. Oppenheimer also issued estimates for Fiserv’s Q1 2019 earnings at $1.68 EPS, Q2 2019 earnings at $1.68 EPS, Q3 2019 earnings at $1.79 EPS, Q4 2019 earnings at $1.91 EPS and FY2019 earnings at $7.05 EPS.
Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.03. Fiserv had a return on equity of 44.58% and a net margin of 21.88%. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the company posted $1.16 earnings per share. The firm’s revenue was up 5.9% on a year-over-year basis.
Shares of Fiserv (NASDAQ FISV) opened at $139.03 on Monday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.01 and a current ratio of 1.02. Fiserv has a 1 year low of $109.48 and a 1 year high of $144.20. The firm has a market capitalization of $28,892.49, a P/E ratio of 27.08, a P/E/G ratio of 1.95 and a beta of 0.87.
Hedge funds have recently bought and sold shares of the company. Toronto Dominion Bank raised its stake in shares of Fiserv by 10.9% in the third quarter. Toronto Dominion Bank now owns 80,652 shares of the business services provider’s stock worth $10,400,000 after purchasing an additional 7,944 shares during the last quarter. Huntington National Bank raised its stake in shares of Fiserv by 3.1% in the third quarter. Huntington National Bank now owns 219,132 shares of the business services provider’s stock worth $28,259,000 after purchasing an additional 6,646 shares during the last quarter. Boothbay Fund Management LLC purchased a new position in shares of Fiserv in the third quarter worth $1,290,000. American National Bank raised its stake in shares of Fiserv by 2.8% in the fourth quarter. American National Bank now owns 40,843 shares of the business services provider’s stock worth $5,356,000 after purchasing an additional 1,115 shares during the last quarter. Finally, Westpac Banking Corp raised its stake in shares of Fiserv by 323.3% in the third quarter. Westpac Banking Corp now owns 58,407 shares of the business services provider’s stock worth $7,532,000 after purchasing an additional 44,609 shares during the last quarter. Hedge funds and other institutional investors own 88.30% of the company’s stock.
In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of the business’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $138.59, for a total value of $2,356,030.00. Following the sale, the insider now directly owns 203,051 shares of the company’s stock, valued at $28,140,838.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffery W. Yabuki sold 2,000 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $128.35, for a total value of $256,700.00. Following the completion of the sale, the insider now directly owns 236,835 shares in the company, valued at $30,397,772.25. The disclosure for this sale can be found here. Insiders sold 49,439 shares of company stock worth $6,605,353 over the last three months. Corporate insiders own 1.80% of the company’s stock.
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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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