Fiserv, Inc. (NASDAQ:FISV) – Analysts at Oppenheimer Holdings upped their Q4 2017 EPS estimates for Fiserv in a research note issued on Tuesday. Oppenheimer Holdings analyst G. Greene now expects that the business services provider will post earnings of $1.35 per share for the quarter, up from their previous estimate of $1.32. Oppenheimer Holdings also issued estimates for Fiserv’s Q2 2018 earnings at $1.35 EPS, Q3 2018 earnings at $1.42 EPS, Q4 2018 earnings at $1.50 EPS and FY2018 earnings at $5.67 EPS.

Several other research analysts also recently commented on the stock. Zacks Investment Research upgraded shares of Fiserv from a “sell” rating to a “hold” rating in a research report on Thursday. SunTrust Banks, Inc. restated a “hold” rating and set a $130.00 price objective on shares of Fiserv in a research report on Wednesday. Cantor Fitzgerald restated a “hold” rating and set a $126.00 price objective on shares of Fiserv in a research report on Wednesday. Cowen and Company restated a “hold” rating and set a $115.00 price objective on shares of Fiserv in a research report on Thursday, October 12th. Finally, Robert W. Baird restated an “outperform” rating and set a $146.00 price objective (up from $136.00) on shares of Fiserv in a research report on Tuesday, October 10th. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $128.45.

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Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Tuesday, October 31st. The business services provider reported $1.27 EPS for the quarter, missing the Zacks’ consensus estimate of $1.30 by ($0.03). The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate 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 quarter last year, the company earned $1.14 earnings per share.

In other news, insider Jeffery W. Yabuki sold 17,000 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $122.02, for a total transaction of $2,074,340.00. Following the completion of the transaction, the insider now directly owns 269,151 shares in the company, valued at $32,841,805.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kim M. Robak sold 6,124 shares of the company’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $124.54, for a total transaction of $762,682.96. Following the transaction, the director now owns 42,141 shares of the company’s stock, valued at $5,248,240.14. The disclosure for this sale can be found here. Insiders have sold 57,124 shares of company stock valued at $7,133,943 over the last quarter. Company insiders own 1.80% of the company’s stock.

Several institutional investors have recently modified their holdings of FISV. BlackRock Inc. grew its stake in shares of Fiserv by 2,669.4% in the first quarter. BlackRock Inc. now owns 14,345,526 shares of the business services provider’s stock worth $1,654,185,000 after purchasing an additional 13,827,530 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Fiserv by 267.7% in the second quarter. Janus Henderson Group PLC now owns 1,868,168 shares of the business services provider’s stock worth $228,551,000 after purchasing an additional 1,360,102 shares during the last quarter. Longview Partners Guernsey LTD grew its stake in shares of Fiserv by 23.3% in the third quarter. Longview Partners Guernsey LTD now owns 5,391,519 shares of the business services provider’s stock worth $695,290,000 after purchasing an additional 1,020,121 shares during the last quarter. Voya Investment Management LLC grew its stake in shares of Fiserv by 116.6% in the second quarter. Voya Investment Management LLC now owns 1,665,267 shares of the business services provider’s stock worth $203,729,000 after purchasing an additional 896,418 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Fiserv by 2.5% in the second quarter. Vanguard Group Inc. now owns 21,301,552 shares of the business services provider’s stock worth $2,606,032,000 after purchasing an additional 518,262 shares during the last quarter. 87.85% of the stock is currently owned by institutional investors.

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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