Fiserv Inc (NASDAQ:FISV) – Stock analysts at Cantor Fitzgerald boosted their FY2018 earnings per share (EPS) estimates for Fiserv in a research note issued to investors on Thursday. Cantor Fitzgerald analyst J. Foresi now anticipates that the business services provider will post earnings per share of $6.17 for the year, up from their prior estimate of $5.75. Cantor Fitzgerald has a “Hold” rating and a $126.00 price target on the stock. Cantor Fitzgerald also issued estimates for Fiserv’s FY2019 earnings at $7.00 EPS.

Several other analysts have also issued reports on the company. Zacks Investment Research raised Fiserv from a “sell” rating to a “hold” rating in a report on Monday, October 16th. Barclays reissued a “hold” rating and set a $141.00 target price on shares of Fiserv in a report on Friday, January 5th. SunTrust Banks reissued a “hold” rating and set a $130.00 target price on shares of Fiserv in a report on Wednesday, November 1st. Credit Suisse Group increased their target price on Fiserv from $126.00 to $140.00 and gave the stock a “neutral” rating in a report on Wednesday, January 17th. Finally, Argus set a $148.00 target price on Fiserv and gave the stock a “buy” rating in a report on Friday, January 12th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $140.73.

Shares of Fiserv (NASDAQ:FISV) traded up $1.18 during midday trading on Monday, reaching $138.64. The company’s stock had a trading volume of 1,832,700 shares, compared to its average volume of 1,243,449. The firm has a market cap of $28,646.58, a price-to-earnings ratio of 23.90, a price-to-earnings-growth ratio of 1.93 and a beta of 0.87. Fiserv has a 52-week low of $109.48 and a 52-week high of $144.20. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 1.79.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Wednesday, February 7th. The business services provider reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.03. Fiserv had a return on equity of 44.58% and a net margin of 21.88%. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period in the prior year, the firm posted $1.16 EPS. The company’s revenue for the quarter was up 5.9% on a year-over-year basis.

In related news, insider Jeffery W. Yabuki sold 2,000 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $128.35, for a total transaction of $256,700.00. Following the completion of the sale, the insider now directly owns 236,835 shares in the company, valued at approximately $30,397,772.25. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Kevin J. Schultz sold 3,439 shares of the company’s stock in a transaction on Monday, December 11th. The stock was 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. Over the last 90 days, insiders have sold 49,439 shares of company stock valued at $6,605,353. 1.80% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. ARK Investment Management LLC bought a new stake in shares of Fiserv during the 4th quarter worth $118,000. Coastline Trust Co bought a new stake in shares of Fiserv during the 3rd quarter worth $202,000. Univest Corp of Pennsylvania bought a new stake in shares of Fiserv during the 4th quarter worth $202,000. Paragon Capital Management Ltd bought a new stake in shares of Fiserv during the 3rd quarter worth $206,000. Finally, Associated Banc Corp bought a new stake in shares of Fiserv during the 3rd quarter worth $261,000. Institutional investors and hedge funds own 88.30% of the company’s stock.

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About Fiserv

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.

Earnings History and Estimates for Fiserv (NASDAQ:FISV)

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