Fiserv, Inc. (NASDAQ:FISV) – Stock analysts at Jefferies Financial Group cut their Q4 2021 earnings per share (EPS) estimates for Fiserv in a report released on Wednesday, January 12th. Jefferies Financial Group analyst T. Williams now expects that the business services provider will post earnings of $1.56 per share for the quarter, down from their prior forecast of $1.57. Jefferies Financial Group currently has a “Hold” rating and a $115.00 target price on the stock.
Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Wednesday, October 27th. The business services provider reported $1.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.02. Fiserv had a return on equity of 11.01% and a net margin of 8.23%. The company had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.10 billion. During the same period in the previous year, the company posted $1.20 earnings per share. Fiserv’s revenue for the quarter was up 10.0% on a year-over-year basis.
Shares of NASDAQ:FISV opened at $109.11 on Friday. Fiserv has a 12-month low of $92.06 and a 12-month high of $127.34. The company has a market capitalization of $72.04 billion, a PE ratio of 56.53, a PEG ratio of 1.18 and a beta of 0.84. The business has a 50 day moving average of $103.08 and a two-hundred day moving average of $107.63. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Canton Hathaway LLC purchased a new position in shares of Fiserv during the 3rd quarter worth $26,000. Bell Investment Advisors Inc purchased a new position in shares of Fiserv during the 3rd quarter worth $31,000. Herold Advisors Inc. purchased a new position in shares of Fiserv during the 3rd quarter worth $37,000. Oakworth Capital Inc. grew its holdings in shares of Fiserv by 229.4% during the 3rd quarter. Oakworth Capital Inc. now owns 359 shares of the business services provider’s stock worth $39,000 after purchasing an additional 250 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Fiserv by 200.8% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 373 shares of the business services provider’s stock worth $40,000 after purchasing an additional 249 shares during the period. Institutional investors and hedge funds own 97.20% of the company’s stock.
In other Fiserv news, Director Alison Davis sold 1,934 shares of the company’s stock in a transaction on Wednesday, November 10th. The stock was sold at an average price of $100.17, for a total value of $193,728.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Byron C. Vielehr sold 10,000 shares of the company’s stock in a transaction on Monday, November 15th. The shares were sold at an average price of $100.76, for a total value of $1,007,600.00. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 21,491 shares of company stock valued at $2,064,444 and sold 148,965 shares valued at $15,237,813. 1.60% of the stock is owned by corporate insiders.
Fiserv Company Profile
Fiserv, Inc engages in the provision of financial services technology. It operates through the following segments: Merchant Acceptance; Financial Technology; Payments and Network. The Merchant Acceptance segment provides commerce enabling solutions and serves merchants of all sizes around the world. The Financial Technology segment provides financial institutions with financial institutions with the technology solutions need to run operations including products and services that enable financial institutions to process customer deposit and loan accounts.
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