Fiserv (FISV) Releases FY18 Earnings Guidance

Fiserv (NASDAQ:FISV) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $6.05 to $6.30 for the period, compared to the Thomson Reuters consensus estimate of $5.85.

A number of brokerages recently issued reports on FISV. BMO Capital Markets boosted their price target on Fiserv from $133.00 to $152.00 and gave the company a market perform rating in a report on Thursday. Zacks Investment Research upgraded Fiserv from a sell rating to a hold rating in a report on Monday, October 16th. Guggenheim restated a buy rating and set a $160.00 price target on shares of Fiserv in a report on Monday, January 29th. Argus set a $148.00 price target on Fiserv and gave the company a buy rating in a report on Friday, January 12th. Finally, SunTrust Banks restated a hold rating and set a $130.00 price target on shares of Fiserv in a report on Wednesday, November 1st. Ten equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $138.58.

Fiserv (FISV) traded up $7.45 during trading on Thursday, reaching $136.62. The company’s stock had a trading volume of 1,923,193 shares, compared to its average volume of 1,141,169. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $27,248.22, a PE ratio of 32.34, a price-to-earnings-growth ratio of 1.98 and a beta of 0.87. Fiserv has a fifty-two week low of $107.41 and a fifty-two week high of $144.20.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Wednesday, February 7th. The business services provider reported $1.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.03. The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Fiserv had a return on equity of 43.56% and a net margin of 16.31%. The business’s revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.16 EPS. equities analysts forecast that Fiserv will post 5.08 EPS for the current year.

In other news, insider Kevin J. Schultz sold 3,439 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $131.51, for a total value of $452,262.89. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jeffery W. Yabuki sold 17,000 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $131.18, for a total value of $2,230,060.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 49,439 shares of company stock worth $6,605,353. Insiders own 1.80% of the company’s stock.

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Fiserv Company Profile

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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