SunTrust Banks Weighs in on Fiserv, Inc.’s Q1 2017 Earnings (FISV)

Fiserv, Inc. (NASDAQ:FISV) – SunTrust Banks issued their Q1 2017 earnings estimates for shares of Fiserv in a report issued on Wednesday. SunTrust Banks analyst A. Jeffrey forecasts that the brokerage will earn $1.18 per share for the quarter. SunTrust Banks also issued estimates for Fiserv’s Q2 2017 earnings at $1.26 EPS, Q3 2017 earnings at $1.29 EPS, Q4 2017 earnings at $1.36 EPS and FY2018 earnings at $5.74 EPS.

FISV has been the subject of a number of other reports. Northcoast Research reaffirmed a “neutral” rating on shares of Fiserv in a report on Thursday. BMO Capital Markets began coverage on Fiserv in a research note on Thursday, January 5th. They set a “market perform” rating and a $109.00 price objective for the company. Zacks Investment Research raised Fiserv from a “sell” rating to a “hold” rating in a research note on Tuesday, January 10th. Monness Crespi & Hardt lifted their price objective on 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 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 investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. Fiserv presently has a consensus rating of “Hold” and an average target price of $109.29.

Earnings History and Estimates for Fiserv (NASDAQ:FISV)

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Shares of Fiserv (NASDAQ:FISV) opened at 109.07 on Friday. Fiserv has a 52-week low of $92.81 and a 52-week high of $111.51. The company has a market cap of $23.67 billion, a price-to-earnings ratio of 27.36 and a beta of 0.80. The firm has a 50 day moving average price of $108.18 and a 200-day moving average price of $104.02.

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

In related news, insider Kevin P. Gregoire sold 8,992 shares of the business’s stock in a transaction dated Wednesday, November 30th. The stock was sold at an average price of $105.10, for a total transaction of $945,059.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jeffery W. Yabuki sold 12,000 shares of the business’s stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $102.45, for a total value of $1,229,400.00. Following the transaction, the insider now owns 302,194 shares in the company, valued at approximately $30,959,775.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,992 shares of company stock worth $3,479,099. 1.90% of the stock is owned by company insiders.

ILLEGAL ACTIVITY WARNING: This piece was first reported by sleekmoney and is the property of of sleekmoney. If you are accessing this piece on another website, it was illegally stolen and republished in violation of U.S. & international trademark and copyright legislation. The legal version of this piece can be viewed at http://sleekmoney.com/suntrust-banks-weighs-in-on-fiserv-inc-s-q1-2017-earnings-fisv/1656361.html.

Hedge funds have recently bought and sold shares of the stock. BB&T Securities LLC boosted its stake in Fiserv by 2.0% in the third quarter. BB&T Securities LLC now owns 35,605 shares of the company’s stock valued at $3,541,000 after buying an additional 706 shares during the last quarter. BOKF NA boosted its stake in Fiserv by 1.6% in the third quarter. BOKF NA now owns 63,811 shares of the company’s stock valued at $6,347,000 after buying an additional 999 shares during the last quarter. California State Teachers Retirement System boosted its stake in Fiserv by 0.8% in the third quarter. California State Teachers Retirement System now owns 474,005 shares of the company’s stock valued at $47,149,000 after buying an additional 3,900 shares during the last quarter. Riverhead Capital Management LLC boosted its stake in Fiserv by 784.1% in the third quarter. Riverhead Capital Management LLC now owns 35,790 shares of the company’s stock valued at $3,560,000 after buying an additional 31,742 shares during the last quarter. Finally, Cetera Advisor Networks LLC boosted its stake in Fiserv by 99.0% in the third quarter. Cetera Advisor Networks LLC now owns 4,012 shares of the company’s stock valued at $399,000 after buying an additional 1,996 shares during the last quarter. 86.59% of the stock is currently owned by institutional investors and hedge funds.

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

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