FY2017 EPS Estimates for Fiserv, Inc. Reduced by Analyst (FISV)
Fiserv, Inc. (NASDAQ:FISV) – Analysts at William Blair lowered their FY2017 earnings per share (EPS) estimates for Fiserv in a research report issued to clients and investors on Wednesday. William Blair analyst C. Shutler now forecasts that the business services provider will post earnings per share of $5.07 for the year, down from their previous forecast of $5.11. William Blair also issued estimates for Fiserv’s Q1 2018 earnings at $1.32 EPS, Q2 2018 earnings at $1.38 EPS, Q3 2018 earnings at $1.48 EPS, Q4 2018 earnings at $1.54 EPS and FY2018 earnings at $5.66 EPS.
Fiserv (NASDAQ:FISV) last released its earnings results on Tuesday, October 31st. The business services provider reported $1.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.30 by ($0.03). The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.45 billion. Fiserv had a return on equity of 43.56% and a net margin of 16.31%. The firm’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.14 EPS.
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Several other analysts have also weighed in on the company. Zacks Investment Research upgraded Fiserv from a “sell” rating to a “hold” rating in a report on Thursday. SunTrust Banks, Inc. restated a “hold” rating and set a $130.00 price target on shares of Fiserv in a report on Wednesday. Cantor Fitzgerald reiterated a “hold” rating and issued a $126.00 target price on shares of Fiserv in a research note on Wednesday. Cowen and Company reiterated a “hold” rating and issued a $115.00 target price on shares of Fiserv in a research note on Thursday, October 12th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $146.00 target price (up previously from $136.00) on shares of Fiserv in a research note on Tuesday, October 10th. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Fiserv presently has a consensus rating of “Hold” and an average price target of $128.45.
Fiserv (FISV) opened at $127.03 on Thursday. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.96 and a current ratio of 1.01. The stock has a market capitalization of $26.38 billion, a price-to-earnings ratio of 25.99, a price-to-earnings-growth ratio of 2.16 and a beta of 0.82.
A number of institutional investors have recently added to or reduced their stakes in FISV. Chicago Partners Investment Group LLC purchased a new stake in Fiserv in the second quarter valued at about $104,000. Parallel Advisors LLC raised its stake in shares of Fiserv by 8.2% in the second quarter. Parallel Advisors LLC now owns 849 shares of the business services provider’s stock worth $109,000 after purchasing an additional 64 shares during the last quarter. Acrospire Investment Management LLC purchased a new position in shares of Fiserv in the second quarter worth about $122,000. Trust Co. of Vermont raised its stake in shares of Fiserv by 53.3% in the second quarter. Trust Co. of Vermont now owns 1,303 shares of the business services provider’s stock worth $159,000 after purchasing an additional 453 shares during the last quarter. Finally, Sun Life Financial INC raised its stake in shares of Fiserv by 11,838.5% in the second quarter. Sun Life Financial INC now owns 1,552 shares of the business services provider’s stock worth $190,000 after purchasing an additional 1,539 shares during the last quarter. Institutional investors own 87.85% of the company’s stock.
In other Fiserv news, Director Kim M. Robak sold 6,124 shares of the stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $124.54, for a total value of $762,682.96. Following the completion of the sale, the director now directly owns 42,141 shares in the company, valued at $5,248,240.14. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jeffery W. Yabuki sold 17,000 shares of the stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $127.22, for a total value of $2,162,740.00. Following the completion of the sale, the insider now owns 313,835 shares of the company’s stock, valued at $39,926,088.70. The disclosure for this sale can be found here. Insiders have sold a total of 57,124 shares of company stock worth $7,133,943 in the last three months. Corporate insiders own 1.80% of the company’s stock.
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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