Fiserv Inc (NASDAQ:FISV) – Equities research analysts at Wedbush issued their Q1 2020 earnings per share estimates for Fiserv in a report issued on Tuesday, April 23rd. Wedbush analyst M. Katri anticipates that the business services provider will post earnings of $0.90 per share for the quarter. Wedbush has a “Outperform” rating and a $95.00 price objective on the stock. Wedbush also issued estimates for Fiserv’s Q2 2020 earnings at $0.91 EPS, Q3 2020 earnings at $0.92 EPS, Q4 2020 earnings at $1.02 EPS and FY2020 earnings at $3.75 EPS.
Several other brokerages also recently issued reports on FISV. Wolfe Research upgraded shares of Fiserv from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 17th. Royal Bank of Canada upgraded shares of Fiserv from a “sector perform” rating to an “outperform” rating and set a $85.50 target price for the company in a research note on Monday, January 28th. Stephens upgraded shares of Fiserv from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $76.00 to $90.00 in a research note on Wednesday, January 16th. SunTrust Banks reiterated a “hold” rating and issued a $85.21 target price on shares of Fiserv in a research note on Tuesday, January 29th. Finally, Cantor Fitzgerald reiterated a “hold” rating and issued a $73.00 target price on shares of Fiserv in a research note on Wednesday, January 16th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $88.57.
Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Thursday, February 7th. The business services provider reported $0.84 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.84. Fiserv had a net margin of 20.39% and a return on equity of 47.56%. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the prior year, the business posted $0.71 EPS. The company’s quarterly revenue was up 2.3% on a year-over-year basis.
In other Fiserv news, Director Denis Oleary sold 13,728 shares of the stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $85.08, for a total value of $1,167,978.24. Following the transaction, the director now directly owns 52,014 shares of the company’s stock, valued at approximately $4,425,351.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffery W. Yabuki sold 20,000 shares of the stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $85.21, for a total transaction of $1,704,200.00. Following the completion of the transaction, the chief executive officer now directly owns 391,146 shares in the company, valued at $33,329,550.66. The disclosure for this sale can be found here. Over the last three months, insiders sold 157,912 shares of company stock worth $13,389,571. Insiders own 1.70% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in FISV. We Are One Seven LLC bought a new position in shares of Fiserv during the fourth quarter worth approximately $27,000. Sontag Advisory LLC bought a new position in shares of Fiserv during the fourth quarter worth approximately $27,000. Destination Wealth Management bought a new position in shares of Fiserv during the fourth quarter worth approximately $30,000. JOYN Advisors Inc. increased its holdings in shares of Fiserv by 80.0% during the fourth quarter. JOYN Advisors Inc. now owns 405 shares of the business services provider’s stock worth $30,000 after purchasing an additional 180 shares during the period. Finally, WESPAC Advisors SoCal LLC bought a new position in shares of Fiserv during the fourth quarter worth approximately $31,000. 88.78% of the stock is currently owned by hedge funds and other institutional investors.
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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