Fiserv Inc (NASDAQ:FISV) Expected to Earn Q3 2019 Earnings of $0.83 Per Share

Fiserv Inc (NASDAQ:FISV) – Equities research analysts at Northcoast Research raised their Q3 2019 earnings per share estimates for shares of Fiserv in a research note issued to investors on Friday, July 26th. Northcoast Research analyst K. Mehta now expects that the business services provider will post earnings per share of $0.83 for the quarter, up from their prior estimate of $0.82. Northcoast Research has a “Buy” rating and a $90.86 price objective on the stock. Northcoast Research also issued estimates for Fiserv’s Q4 2019 earnings at $0.97 EPS and FY2019 earnings at $3.46 EPS.

Several other equities research analysts have also commented on FISV. Royal Bank of Canada set a $179.00 price objective on shares of 3M and gave the stock a “hold” rating in a research note on Friday, July 26th. Wedbush set a $19.00 price objective on shares of Symantec and gave the stock a “hold” rating in a research note on Monday, July 15th. Zacks Investment Research lowered shares of Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Moffett Nathanson began coverage on shares of Fidelity National Information Servcs in a research note on Tuesday, May 21st. They set a “buy” rating and a $147.00 price objective on the stock. Finally, SunTrust Banks lowered shares of Inflarx from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $55.00 to $5.00 in a research note on Wednesday, June 5th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eighteen have issued a buy rating to the company. Fiserv has a consensus rating of “Buy” and a consensus price target of $94.06.

NASDAQ:FISV opened at $103.91 on Monday. Fiserv has a one year low of $68.45 and a one year high of $105.01. The company has a debt-to-equity ratio of 5.40, a current ratio of 4.97 and a quick ratio of 1.07. The business’s 50-day simple moving average is $93.62. The company has a market capitalization of $40.15 billion, a price-to-earnings ratio of 33.52, a P/E/G ratio of 2.45 and a beta of 0.78.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.82 EPS for the quarter, topping the consensus estimate of $0.80 by $0.02. Fiserv had a net margin of 16.08% and a return on equity of 53.08%. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the firm posted $0.75 earnings per share. Fiserv’s quarterly revenue was up 6.5% on a year-over-year basis.

In other Fiserv news, insider Jeffery W. Yabuki sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $88.95, for a total transaction of $177,900.00. Following the completion of the sale, the insider now directly owns 371,429 shares of the company’s stock, valued at $33,038,609.55. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jeffery W. Yabuki sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $85.49, for a total transaction of $1,709,800.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 82,000 shares of company stock valued at $7,621,300. 1.40% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. CHICAGO TRUST Co NA boosted its position in shares of Fiserv by 6.7% in the first quarter. CHICAGO TRUST Co NA now owns 9,600 shares of the business services provider’s stock worth $848,000 after purchasing an additional 600 shares during the period. CIBC World Markets Inc. boosted its position in shares of Fiserv by 53.5% in the first quarter. CIBC World Markets Inc. now owns 33,199 shares of the business services provider’s stock worth $2,931,000 after purchasing an additional 11,569 shares during the period. Chase Investment Counsel Corp boosted its position in shares of Fiserv by 1.3% in the first quarter. Chase Investment Counsel Corp now owns 45,934 shares of the business services provider’s stock worth $4,055,000 after purchasing an additional 580 shares during the period. Deutsche Bank AG boosted its position in shares of Fiserv by 14.0% in the fourth quarter. Deutsche Bank AG now owns 1,135,709 shares of the business services provider’s stock worth $83,458,000 after purchasing an additional 139,822 shares during the period. Finally, New York State Common Retirement Fund boosted its position in shares of Fiserv by 10.1% in the first quarter. New York State Common Retirement Fund now owns 1,153,481 shares of the business services provider’s stock worth $101,829,000 after purchasing an additional 105,736 shares during the period. Institutional investors and hedge funds own 87.39% of the company’s stock.

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; Internet and 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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Earnings History and Estimates for Fiserv (NASDAQ:FISV)

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