Fiserv (NASDAQ:FISV) released its earnings results on Wednesday. The business services provider reported $1.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.03, Briefing.com reports. The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.51 billion. Fiserv had a net margin of 16.31% and a return on equity of 43.56%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.16 EPS. Fiserv updated its FY18 guidance to $6.05 to $6.30 EPS.
Shares of Fiserv (FISV) traded up $6.15 during mid-day trading on Thursday, reaching $135.32. 1,174,111 shares of the company traded hands, compared to its average volume of 1,084,648. Fiserv has a one year low of $107.41 and a one year high of $144.20. The stock has a market cap of $27,248.22, a P/E ratio of 32.46, a price-to-earnings-growth ratio of 1.98 and a beta of 0.87. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.14.
In other news, insider Jeffery W. Yabuki sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $128.35, for a total transaction of $256,700.00. Following the sale, the insider now owns 236,835 shares of the company’s stock, valued at approximately $30,397,772.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Byron C. Vielehr sold 10,000 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $131.03, for a total transaction of $1,310,300.00. Following the sale, the insider now directly owns 19,719 shares in the company, valued at approximately $2,583,780.57. The disclosure for this sale can be found here. Insiders have sold a total of 49,439 shares of company stock worth $6,605,353 over the last three months. 1.80% of the stock is currently owned by insiders.
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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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