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.
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.
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