First Analysis Weighs in on Fiserv, Inc.’s Q1 2017 Earnings (FISV)

Fiserv, Inc. (NASDAQ:FISV) – Stock analysts at First Analysis lifted their Q1 2017 earnings estimates for shares of Fiserv in a research report issued to clients and investors on Monday. First Analysis analyst L. Berlin now expects that the firm will post earnings per share of $1.20 for the quarter, up from their prior estimate of $1.16. First Analysis also issued estimates for Fiserv’s Q2 2017 earnings at $1.26 EPS, Q3 2017 earnings at $1.31 EPS, Q4 2017 earnings at $1.33 EPS, FY2017 earnings at $5.10 EPS and FY2018 earnings at $5.78 EPS.

Fiserv (NASDAQ:FISV) last released its earnings results on Wednesday, February 8th. The company reported $1.16 EPS for the quarter, meeting analysts’ consensus estimates of $1.16. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Fiserv had a return on equity of 38.06% and a net margin of 16.89%. The company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.00 earnings per share.

This piece of content was first reported by sleekmoney and is owned by of sleekmoney. If you are reading this piece of content on another publication, it was illegally copied and republished in violation of US & international trademark and copyright laws. The original version of this piece of content can be accessed at http://sleekmoney.com/first-analysis-weighs-in-on-fiserv-inc-s-q1-2017-earnings-fisv/1661558.html.

Earnings History and Estimates for Fiserv (NASDAQ:FISV)

FISV has been the topic of a number of other reports. Northcoast Research reaffirmed a “neutral” rating on shares of Fiserv in a research note on Thursday, February 9th. BMO Capital Markets began coverage on shares of Fiserv in a research note on Thursday, January 5th. They issued a “market perform” rating and a $109.00 price target on the stock. Zacks Investment Research raised shares of Fiserv from a “sell” rating to a “hold” rating in a research note on Tuesday, January 10th. Monness Crespi & Hardt raised their price target on shares of Fiserv from $115.00 to $118.00 and gave the company a “buy” rating in a research note on Monday, January 9th. Finally, William Blair lowered shares of Fiserv from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 27th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $109.29.

Fiserv (NASDAQ:FISV) opened at 110.14 on Tuesday. Fiserv has a 1-year low of $92.41 and a 1-year high of $111.51. The company has a market cap of $24.22 billion, a PE ratio of 26.54 and a beta of 0.80. The stock’s 50 day moving average price is $108.29 and its 200-day moving average price is $103.92.

In related news, insider Jeffery W. Yabuki sold 12,000 shares of Fiserv stock in a transaction that occurred on Wednesday, December 21st. The shares were sold at an average price of $108.72, for a total value of $1,304,640.00. Following the completion of the sale, the insider now owns 284,994 shares in the company, valued at approximately $30,984,547.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kevin P. Gregoire sold 8,992 shares of Fiserv stock in a transaction that occurred on Wednesday, November 30th. The shares were sold at an average price of $105.10, for a total transaction of $945,059.20. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.

This piece of content was first reported by sleekmoney and is owned by of sleekmoney. If you are reading this piece of content on another publication, it was illegally copied and republished in violation of US & international trademark and copyright laws. The original version of this piece of content can be accessed at http://sleekmoney.com/first-analysis-weighs-in-on-fiserv-inc-s-q1-2017-earnings-fisv/1661558.html.

A number of hedge funds have recently bought and sold shares of the stock. BP PLC boosted its position in shares of Fiserv by 30.0% in the second quarter. BP PLC now owns 52,000 shares of the company’s stock valued at $5,654,000 after buying an additional 12,000 shares in the last quarter. Glenview State Bank Trust DEPT. boosted its position in shares of Fiserv by 13.2% in the second quarter. Glenview State Bank Trust DEPT. now owns 8,560 shares of the company’s stock valued at $931,000 after buying an additional 1,000 shares in the last quarter. Smithfield Trust Co. boosted its position in shares of Fiserv by 86.5% in the second quarter. Smithfield Trust Co. now owns 2,532 shares of the company’s stock valued at $276,000 after buying an additional 1,174 shares in the last quarter. Kalos Management Inc. boosted its position in shares of Fiserv by 14.7% in the second quarter. Kalos Management Inc. now owns 3,427 shares of the company’s stock valued at $373,000 after buying an additional 440 shares in the last quarter. Finally, McKinley Carter Wealth Services Inc. boosted its position in shares of Fiserv by 0.8% in the second quarter. McKinley Carter Wealth Services Inc. now owns 25,527 shares of the company’s stock valued at $2,776,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 86.46% of the company’s stock.

About Fiserv

Fiserv, Inc is a provider of financial services technology. The Company operates through two segments: Payments and Industry Products (Payments) and Financial Institution Services (Financial). The Payments segment provides debit and credit card processing and services, electronic bill payment and presentment services, Internet and mobile banking software and services, person-to-person payment services, and other electronic payments software and services.

5 Day Chart for NASDAQ:FISV

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/first-analysis-weighs-in-on-fiserv-inc-s-q1-2017-earnings-fisv/1661558.html

Receive News & Ratings for Fiserv Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *