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.

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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