Q3 2019 Earnings Forecast for Fiserv Inc (NASDAQ:FISV) Issued By Wedbush

Fiserv Inc (NASDAQ:FISV) – Research analysts at Wedbush issued their Q3 2019 earnings estimates for Fiserv in a research report issued to clients and investors on Wednesday, October 23rd. Wedbush analyst M. Katri anticipates that the business services provider will earn $0.99 per share for the quarter. Wedbush currently has a “Outperform” rating and a $105.00 target price on the stock. Wedbush also issued estimates for Fiserv’s Q4 2019 earnings at $1.16 EPS, Q1 2020 earnings at $1.06 EPS, Q2 2020 earnings at $1.20 EPS, Q3 2020 earnings at $1.25 EPS, Q4 2020 earnings at $1.34 EPS and FY2020 earnings at $4.85 EPS.

FISV has been the topic of several other research reports. Royal Bank of Canada set a $106.00 price objective on shares of Fiserv and gave the stock a “buy” rating in a research note on Friday, July 26th. Canaccord Genuity started coverage on shares of Fiserv in a research note on Thursday, September 12th. They issued a “buy” rating and a $130.00 price objective on the stock. Citigroup upgraded shares of Fiserv from a “neutral” rating to a “buy” rating in a research note on Thursday, August 29th. Berenberg Bank started coverage on shares of Fiserv in a research note on Wednesday, July 31st. They issued a “buy” rating and a $121.00 price objective on the stock. Finally, BidaskClub downgraded shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-two have given a buy rating to the company’s stock. Fiserv currently has an average rating of “Buy” and an average price target of $106.07.

Shares of Fiserv stock opened at $102.46 on Monday. The company’s fifty day simple moving average is $104.10 and its 200-day simple moving average is $96.44. The company has a market cap of $40.65 billion, a price-to-earnings ratio of 33.05, a PEG ratio of 2.32 and a beta of 0.79. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 5.40. Fiserv has a 1 year low of $68.45 and a 1 year high of $109.92.

Several hedge funds and other institutional investors have recently modified their holdings of FISV. Baystate Wealth Management LLC lifted its holdings in shares of Fiserv by 13.7% during the second quarter. Baystate Wealth Management LLC now owns 4,719 shares of the business services provider’s stock valued at $437,000 after acquiring an additional 568 shares during the period. Fulton Bank N.A. raised its holdings in shares of Fiserv by 7.0% in the second quarter. Fulton Bank N.A. now owns 18,407 shares of the business services provider’s stock valued at $1,678,000 after buying an additional 1,204 shares during the last quarter. Summit Financial Group Inc. raised its holdings in shares of Fiserv by 1.7% in the second quarter. Summit Financial Group Inc. now owns 19,916 shares of the business services provider’s stock valued at $1,816,000 after buying an additional 338 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services raised its holdings in shares of Fiserv by 12.4% in the second quarter. First National Bank of Mount Dora Trust Investment Services now owns 20,313 shares of the business services provider’s stock valued at $1,852,000 after buying an additional 2,242 shares during the last quarter. Finally, Cooper Financial Group bought a new position in shares of Fiserv in the second quarter valued at about $212,000.

In other Fiserv news, EVP Christopher M. Foskett sold 5,000 shares of Fiserv stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $106.36, for a total transaction of $531,800.00. Following the completion of the transaction, the executive vice president now directly owns 140,248 shares of the company’s stock, valued at $14,916,777.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffery W. Yabuki sold 25,000 shares of Fiserv stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $103.67, for a total value of $2,591,750.00. Following the transaction, the chief executive officer now directly owns 271,229 shares of the company’s stock, valued at $28,118,310.43. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 126,000 shares of company stock valued at $13,422,250. 1.40% of the stock is owned by company insiders.

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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Earnings History and Estimates for Fiserv (NASDAQ:FISV)

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