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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About Fiserv

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.

Earnings History and Estimates for Fiserv (NASDAQ:FISV)

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