Fiserv, Inc. (NASDAQ:FISV) – Analysts at Wedbush decreased their FY2017 earnings estimates for Fiserv in a report issued on Monday. Wedbush analyst M. Katri now forecasts that the business services provider will post earnings per share of $5.09 for the year, down from their prior estimate of $5.13. Wedbush has a “Outperform” rating and a $146.25 price target on the stock.
Other equities analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Fiserv from a “hold” rating to a “buy” rating and set a $130.00 price objective for the company in a research note on Thursday, April 20th. Cantor Fitzgerald increased their price objective on shares of Fiserv from $107.00 to $118.00 and gave the stock a “neutral” rating in a research note on Friday, April 28th. Monness Crespi & Hardt increased their price objective on shares of Fiserv from $118.00 to $128.00 and gave the stock a “buy” rating in a research note on Monday, April 3rd. Vetr downgraded shares of Fiserv from a “buy” rating to a “hold” rating and set a $121.50 price objective for the company. in a research note on Thursday, April 20th. Finally, Robert W. Baird restated an “outperform” rating and set a $134.00 price objective (up from $128.00) on shares of Fiserv in a research note on Wednesday, June 14th. Twelve equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Fiserv has a consensus rating of “Hold” and an average target price of $119.25.
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Fiserv (NASDAQ:FISV) traded up 0.01% during trading on Wednesday, reaching $124.92. The company’s stock had a trading volume of 47,771 shares. The company’s 50 day moving average price is $122.48 and its 200 day moving average price is $114.80. The company has a market cap of $26.53 billion, a P/E ratio of 31.21 and a beta of 0.81. Fiserv has a 52 week low of $92.81 and a 52 week high of $126.28.
Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Wednesday, April 26th. The business services provider reported $1.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.18 by $0.07. Fiserv had a return on equity of 40.28% and a net margin of 15.95%. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same period last year, the company earned $1.06 earnings per share. Fiserv’s quarterly revenue was up 4.7% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. First Manhattan Co. boosted its position in shares of Fiserv by 14.9% in the first quarter. First Manhattan Co. now owns 1,034 shares of the business services provider’s stock valued at $102,000 after buying an additional 134 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Fiserv during the first quarter valued at approximately $131,000. Bessemer Group Inc. boosted its position in shares of Fiserv by 217.2% in the fourth quarter. Bessemer Group Inc. now owns 1,491 shares of the business services provider’s stock valued at $158,000 after buying an additional 1,021 shares in the last quarter. Morgan Dempsey Capital Management LLC boosted its position in shares of Fiserv by 2.3% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,480 shares of the business services provider’s stock valued at $171,000 after buying an additional 33 shares in the last quarter. Finally, University of Texas Investment Managment Co. acquired a new position in shares of Fiserv during the first quarter valued at approximately $184,000. 88.03% of the stock is currently owned by institutional investors.
In other Fiserv news, insider Jeffery W. Yabuki sold 2,000 shares of the stock in a transaction dated Wednesday, April 26th. The shares were sold at an average price of $120.19, for a total value of $240,380.00. Following the transaction, the insider now directly owns 337,151 shares of the company’s stock, valued at approximately $40,522,178.69. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jeffery W. Yabuki sold 17,000 shares of the stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $121.85, for a total transaction of $2,071,450.00. Following the completion of the transaction, the insider now directly owns 323,776 shares in the company, valued at $39,452,105.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 34,000 shares of company stock worth $4,057,530. Insiders own 1.90% of the company’s stock.
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.
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