Fiserv Inc (NASDAQ:FISV) – Investment analysts at SunTrust Banks upped their Q2 2019 earnings per share (EPS) estimates for shares of Fiserv in a report issued on Thursday, February 7th. SunTrust Banks analyst A. Jeffrey now expects that the business services provider will post earnings of $0.83 per share for the quarter, up from their prior estimate of $0.82. SunTrust Banks currently has a “Hold” rating and a $85.21 target price on the stock. SunTrust Banks also issued estimates for Fiserv’s Q3 2019 earnings at $0.83 EPS and Q4 2019 earnings at $0.97 EPS.
A number of other equities research analysts have also weighed in on FISV. Zacks Investment Research lowered shares of Fiserv from a “hold” rating to a “sell” rating in a report on Monday, October 15th. Buckingham Research began coverage on shares of Fiserv in a report on Thursday, February 7th. They issued a “buy” rating and a $100.00 target price on the stock. Cantor Fitzgerald reiterated a “hold” rating and issued a $83.00 price objective on shares of Fiserv in a research note on Friday. BidaskClub lowered shares of Fiserv from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 31st. Finally, Barclays began coverage on shares of Fiserv in a research note on Wednesday, November 14th. They issued an “overweight” rating and a $95.00 price objective for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $86.49.
FISV opened at $84.56 on Monday. The company has a current ratio of 1.11, a quick ratio of 1.01 and a debt-to-equity ratio of 2.60. Fiserv has a fifty-two week low of $68.25 and a fifty-two week high of $86.29. The stock has a market capitalization of $34.15 billion, a P/E ratio of 27.28, a price-to-earnings-growth ratio of 2.06 and a beta of 0.82.
Fiserv (NASDAQ:FISV) last posted its earnings results on Thursday, February 7th. The business services provider reported $0.84 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.84. Fiserv had a net margin of 20.39% and a return on equity of 47.56%. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the prior year, the business posted $0.71 EPS. The firm’s revenue was up 2.3% compared to the same quarter last year.
In other Fiserv news, insider Jeffery W. Yabuki sold 50,000 shares of the stock in a transaction dated Wednesday, December 19th. The shares were sold at an average price of $73.98, for a total value of $3,699,000.00. Following the completion of the sale, the insider now owns 320,014 shares in the company, valued at approximately $23,674,635.72. The transaction was disclosed in a document filed with the SEC, which is available at this link. In the last quarter, insiders sold 150,000 shares of company stock valued at $11,106,000. Company insiders own 1.70% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Tandem Investment Advisors Inc. grew its position in shares of Fiserv by 3.5% during the 4th quarter. Tandem Investment Advisors Inc. now owns 4,195 shares of the business services provider’s stock valued at $308,000 after acquiring an additional 141 shares during the period. Cornerstone Advisors Inc. boosted its holdings in Fiserv by 19.2% in the 4th quarter. Cornerstone Advisors Inc. now owns 906 shares of the business services provider’s stock worth $67,000 after buying an additional 146 shares during the period. Daiwa Securities Group Inc. boosted its holdings in Fiserv by 1.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 15,718 shares of the business services provider’s stock worth $1,155,000 after buying an additional 150 shares during the period. Sandy Spring Bank boosted its holdings in Fiserv by 5.8% in the 4th quarter. Sandy Spring Bank now owns 2,724 shares of the business services provider’s stock worth $200,000 after buying an additional 150 shares during the period. Finally, LVM Capital Management Ltd. MI boosted its holdings in Fiserv by 2.3% in the 4th quarter. LVM Capital Management Ltd. MI now owns 7,079 shares of the business services provider’s stock worth $520,000 after buying an additional 159 shares during the period. 89.60% of the stock is owned by hedge funds and other institutional investors.
Fiserv Company Profile
Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.
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