Fiserv, Inc. (NASDAQ:FISV) Releases FY17 Earnings Guidance

Fiserv, Inc. (NASDAQ:FISV) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided EPS guidance of $5.03 to $5.17 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.13.

Fiserv, Inc. (NASDAQ:FISV) traded down 0.60% on Friday, reaching $120.36. 929,030 shares of the company’s stock traded hands. The firm has a market capitalization of $25.33 billion, a PE ratio of 29.46 and a beta of 0.81. The firm’s 50 day moving average price is $124.23 and its 200 day moving average price is $119.56. Fiserv, Inc. has a 52-week low of $92.81 and a 52-week high of $129.35.

Fiserv (NASDAQ:FISV) last posted its earnings results on Tuesday, August 1st. The business services provider reported $1.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by $0.04. Fiserv had a return on equity of 41.79% and a net margin of 16.04%. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the previous year, the company earned $1.08 EPS. The business’s revenue was up 1.7% compared to the same quarter last year. On average, analysts predict that Fiserv, Inc. will post $5.10 EPS for the current fiscal year.

A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada reissued a sector perform rating and issued a $128.00 price target (up from $123.00) on shares of Fiserv in a report on Tuesday, August 8th. Cowen and Company reissued a hold rating and issued a $115.00 price target on shares of Fiserv in a report on Thursday, August 3rd. Credit Suisse Group boosted their price target on shares of Fiserv from $123.00 to $126.00 and gave the stock a neutral rating in a report on Wednesday, August 2nd. Barclays PLC reissued an equal weight rating and issued a $123.00 price target (up from $115.00) on shares of Fiserv in a report on Wednesday, August 2nd. Finally, BMO Capital Markets upped their price objective on shares of Fiserv from $112.00 to $133.00 and gave the company a market perform rating in a report on Tuesday, August 1st. Nine equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Buy and an average target price of $126.91.

In related news, insider Jeffery W. Yabuki sold 17,000 shares of the company’s stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $125.06, for a total value of $2,126,020.00. Following the transaction, the insider now directly owns 303,151 shares in the company, valued at $37,912,064.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders sold 51,000 shares of company stock worth $6,339,810. 1.80% of the stock is owned by company insiders.

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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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