Fiserv (NASDAQ:FISV) announced its earnings results on Wednesday. The business services provider reported $1.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.02, RTT News reports. The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.78 billion. Fiserv had a net margin of 16.08% and a return on equity of 53.08%. Fiserv’s revenue was up 5.3% compared to the same quarter last year. During the same period last year, the firm earned $0.87 earnings per share. Fiserv updated its FY19 guidance to $3.98-4.02 EPS.
NASDAQ:FISV opened at $104.91 on Thursday. Fiserv has a 12 month low of $68.45 and a 12 month high of $109.92. The firm has a fifty day simple moving average of $104.41 and a 200-day simple moving average of $97.33. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 5.40. The company has a market capitalization of $41.38 billion, a P/E ratio of 33.84, a PEG ratio of 2.18 and a beta of 0.78.
Several equities research analysts have weighed in on the stock. Argus restated a “buy” rating on shares of Fiserv in a research note on Monday, August 12th. Deutsche Bank upgraded shares of Fiserv from a “hold” rating to a “buy” rating and raised their target price for the company from $100.00 to $120.00 in a research note on Tuesday, July 30th. Royal Bank of Canada set a $106.00 target price on shares of Fiserv and gave the company a “buy” rating in a research note on Friday, July 26th. SunTrust Banks raised their target price on shares of Fiserv from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, Wedbush raised their target price on shares of Fiserv from $95.00 to $105.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $107.28.
In related news, Chairman Jeffery W. Yabuki sold 25,000 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $107.45, for a total transaction of $2,686,250.00. Following the completion of the transaction, the chairman now directly owns 291,429 shares in the company, valued at $31,314,046.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Guy Chiarello sold 46,000 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $107.70, for a total transaction of $4,954,200.00. Following the transaction, the insider now owns 372,447 shares of the company’s stock, valued at $40,112,541.90. The disclosure for this sale can be found here. Insiders have sold 126,000 shares of company stock valued at $13,422,250 over the last quarter. Insiders own 1.40% of the company’s stock.
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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