Fiserv Inc (NASDAQ:FISV) – First Analysis lowered their Q4 2018 EPS estimates for shares of Fiserv in a research note issued on Thursday, January 17th, according to Zacks Investment Research. First Analysis analyst L. Berlin now forecasts that the business services provider will post earnings of $0.84 per share for the quarter, down from their prior estimate of $0.85. First Analysis also issued estimates for Fiserv’s Q2 2019 earnings at $0.83 EPS and Q3 2019 earnings at $0.85 EPS.
A number of other equities research analysts also recently weighed in on FISV. Zacks Investment Research downgraded Fiserv from a “hold” rating to a “sell” rating in a research report on Monday, October 15th. Credit Suisse Group raised their price target on Fiserv from $67.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, October 15th. BidaskClub upgraded Fiserv from a “hold” rating to a “buy” rating in a research report on Friday, October 19th. Barclays started coverage on Fiserv in a research report on Wednesday, November 14th. They set an “overweight” rating and a $95.00 price target on the stock. Finally, Goldman Sachs Group upgraded Fiserv from a “neutral” rating to a “buy” rating and raised their price target for the company from $78.00 to $92.00 in a research report on Tuesday, December 11th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. Fiserv has a consensus rating of “Buy” and an average price target of $86.49.
NASDAQ FISV traded down $1.14 during trading hours on Friday, reaching $84.56. 5,934,102 shares of the stock traded hands, compared to its average volume of 7,433,611. Fiserv has a 1 year low of $68.25 and a 1 year high of $86.29. The company has a quick ratio of 1.01, a current ratio of 1.11 and a debt-to-equity ratio of 2.60. The company has a market capitalization of $34.15 billion, a price-to-earnings ratio of 27.28, a PEG ratio of 2.06 and a beta of 0.82.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Thursday, February 7th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.84. Fiserv had a return on equity of 47.56% and a net margin of 20.39%. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter last year, the business posted $0.71 earnings per share. The firm’s revenue was up 2.3% compared to the same quarter last year.
In other news, insider Jeffery W. Yabuki sold 50,000 shares of Fiserv stock in a transaction dated Wednesday, December 19th. The stock was sold at an average price of $73.98, for a total value of $3,699,000.00. Following the transaction, the insider now owns 320,014 shares in the company, valued at $23,674,635.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In the last quarter, insiders sold 150,000 shares of company stock worth $11,106,000. Company insiders own 1.70% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of FISV. Renaissance Technologies LLC bought a new stake in shares of Fiserv in the second quarter worth about $904,000. OppenheimerFunds Inc. boosted its position in Fiserv by 64.0% during the 2nd quarter. OppenheimerFunds Inc. now owns 11,677 shares of the business services provider’s stock valued at $865,000 after acquiring an additional 4,557 shares in the last quarter. Morgan Stanley boosted its position in Fiserv by 20.9% during the 2nd quarter. Morgan Stanley now owns 1,458,554 shares of the business services provider’s stock valued at $108,064,000 after acquiring an additional 252,567 shares in the last quarter. Macquarie Group Ltd. boosted its position in Fiserv by 1.6% during the 2nd quarter. Macquarie Group Ltd. now owns 284,676 shares of the business services provider’s stock valued at $21,092,000 after acquiring an additional 4,444 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in Fiserv during the 2nd quarter valued at approximately $1,281,000. 89.60% of the stock is currently owned by institutional investors.
Fiserv Company Profile
Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.
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