Fiserv, Inc. (FISV) Updates FY17 Earnings Guidance
Fiserv, Inc. (NASDAQ:FISV) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $5.05-$5.12 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.10.
Shares of Fiserv, Inc. (NASDAQ FISV) traded down 4.05% on Wednesday, hitting $124.19. 2,953,788 shares of the stock traded hands. The firm’s 50 day moving average is $127.24 and its 200-day moving average is $123.92. The company has a market cap of $26.14 billion, a PE ratio of 30.40 and a beta of 0.82. Fiserv, Inc. has a 12 month low of $97.06 and a 12 month high of $130.20.
Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Tuesday, October 31st. The business services provider reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.03). The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Fiserv had a return on equity of 41.79% and a net margin of 16.04%. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.14 EPS. Equities analysts predict that Fiserv, Inc. will post $5.10 earnings per share for the current year.
A number of analysts recently commented on the company. Barclays PLC reiterated an equal weight rating and set a $123.00 price objective (up previously from $115.00) on shares of Fiserv in a research report on Wednesday, August 2nd. BidaskClub raised Fiserv from a buy rating to a strong-buy rating in a research note on Monday, July 24th. Robert W. Baird reissued an outperform rating and issued a $146.00 price target (up from $136.00) on shares of Fiserv in a research note on Tuesday, October 10th. Zacks Investment Research raised Fiserv from a sell rating to a hold rating in a research note on Monday, October 16th. Finally, Cowen and Company reissued a hold rating and issued a $115.00 price target on shares of Fiserv in a research note on Thursday, October 12th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $127.77.
In other news, insider Jeffery W. Yabuki sold 17,000 shares of Fiserv stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $122.02, for a total value of $2,074,340.00. Following the transaction, the insider now directly owns 269,151 shares of the company’s stock, valued at approximately $32,841,805.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kim M. Robak sold 6,124 shares of Fiserv stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $124.54, for a total value of $762,682.96. Following the completion of the transaction, the director now directly owns 42,141 shares in the company, valued at $5,248,240.14. The disclosure for this sale can be found here. Insiders sold a total of 57,124 shares of company stock worth $7,133,943 over the last ninety days. Corporate insiders own 1.80% of the company’s stock.
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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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