Q4 2018 EPS Estimates for Fiserv Inc (FISV) Raised by Analyst

Fiserv Inc (NASDAQ:FISV) – Analysts at Wedbush upped their Q4 2018 earnings per share estimates for shares of Fiserv in a research report issued on Thursday. Wedbush analyst M. Katri now expects that the business services provider will earn $1.84 per share for the quarter, up from their previous forecast of $1.58. Wedbush also issued estimates for Fiserv’s Q4 2019 earnings at $2.07 EPS.

A number of other equities research analysts also recently commented on FISV. Zacks Investment Research upgraded Fiserv from a “sell” rating to a “hold” rating in a research report on Monday, October 16th. Cantor Fitzgerald reiterated a “hold” rating and issued a $126.00 price objective on shares of Fiserv in a report on Wednesday, November 1st. SunTrust Banks reiterated a “hold” rating and issued a $130.00 price objective on shares of Fiserv in a report on Wednesday, November 1st. Barclays reiterated a “hold” rating and issued a $141.00 price objective on shares of Fiserv in a report on Friday, January 5th. Finally, Argus set a $148.00 price objective on Fiserv and gave the company 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 stock. The stock presently has an average rating of “Hold” and an average price target of $140.73.

Fiserv (NASDAQ FISV) traded up $1.18 during trading hours on Monday, reaching $138.64. The company’s stock had a trading volume of 1,832,700 shares, compared to its average volume of 1,246,777. Fiserv has a 12 month low of $109.48 and a 12 month high of $144.20. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.02 and a quick ratio of 1.01. The stock has a market capitalization of $28,646.58, a P/E ratio of 23.90, a P/E/G ratio of 1.93 and a beta of 0.87.

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

In other Fiserv news, insider Kevin J. Schultz sold 3,439 shares of the company’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $131.51, for a total transaction of $452,262.89. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Byron C. Vielehr sold 10,000 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $131.03, for a total value of $1,310,300.00. Following the sale, the insider now owns 19,719 shares in the company, valued at approximately $2,583,780.57. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 49,439 shares of company stock worth $6,605,353. 1.80% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. WFG Advisors LP boosted its position in shares of Fiserv by 9.4% during the 2nd quarter. WFG Advisors LP now owns 4,292 shares of the business services provider’s stock worth $525,000 after acquiring an additional 367 shares in the last quarter. Dempze Nancy E boosted its position in shares of Fiserv by 2.9% during the 3rd quarter. Dempze Nancy E now owns 14,360 shares of the business services provider’s stock worth $1,852,000 after acquiring an additional 401 shares in the last quarter. Highstreet Asset Management Inc. boosted its position in shares of Fiserv by 6.4% during the 3rd quarter. Highstreet Asset Management Inc. now owns 6,871 shares of the business services provider’s stock worth $886,000 after acquiring an additional 411 shares in the last quarter. Advisor Group Inc. boosted its position in shares of Fiserv by 6.8% during the 3rd quarter. Advisor Group Inc. now owns 6,473 shares of the business services provider’s stock worth $835,000 after acquiring an additional 411 shares in the last quarter. Finally, Tandem Investment Advisors Inc. boosted its position in shares of Fiserv by 23.2% during the 2nd quarter. Tandem Investment Advisors Inc. now owns 2,247 shares of the business services provider’s stock worth $275,000 after acquiring an additional 423 shares in the last quarter. Institutional investors own 88.30% of the company’s stock.

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Fiserv Company Profile

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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