Fiserv, Inc. (NASDAQ:FISV – Get Rating) – Stock analysts at Jefferies Financial Group dropped their Q2 2022 earnings per share estimates for shares of Fiserv in a research report issued to clients and investors on Tuesday, April 19th. Jefferies Financial Group analyst T. Williams now anticipates that the business services provider will earn $1.58 per share for the quarter, down from their prior estimate of $1.59. Jefferies Financial Group currently has a “Hold” rating and a $115.00 target price on the stock. Jefferies Financial Group also issued estimates for Fiserv’s Q4 2022 earnings at $1.80 EPS, FY2022 earnings at $6.42 EPS and FY2023 earnings at $7.43 EPS.
Fiserv (NASDAQ:FISV – Get Rating) last released its quarterly earnings data on Tuesday, February 8th. The business services provider reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.02. The firm had revenue of $4.26 billion for the quarter, compared to analysts’ expectations of $4.24 billion. Fiserv had a net margin of 8.22% and a return on equity of 11.60%. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.30 earnings per share.
Shares of NASDAQ:FISV opened at $97.36 on Thursday. Fiserv has a 52 week low of $89.91 and a 52 week high of $127.34. The stock has a market capitalization of $63.48 billion, a P/E ratio of 48.92, a PEG ratio of 1.14 and a beta of 0.82. The firm has a fifty day simple moving average of $98.57 and a two-hundred day simple moving average of $102.01. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.65.
Hedge funds and other institutional investors have recently modified their holdings of the company. Heritage Trust Co grew its stake in shares of Fiserv by 27.9% in the third quarter. Heritage Trust Co now owns 17,773 shares of the business services provider’s stock valued at $1,928,000 after buying an additional 3,873 shares in the last quarter. Rockland Trust Co. acquired a new stake in shares of Fiserv in the fourth quarter valued at $230,000. Corient Capital Partners LLC grew its stake in shares of Fiserv by 43.9% in the third quarter. Corient Capital Partners LLC now owns 21,269 shares of the business services provider’s stock valued at $2,308,000 after buying an additional 6,486 shares in the last quarter. CWM LLC acquired a new position in Fiserv during the 4th quarter worth $3,615,000. Finally, New York State Common Retirement Fund grew its stake in Fiserv by 6.7% during the 3rd quarter. New York State Common Retirement Fund now owns 1,458,136 shares of the business services provider’s stock worth $158,208,000 after purchasing an additional 91,932 shares in the last quarter. 96.80% of the stock is owned by institutional investors and hedge funds.
In other Fiserv news, COO Guy Chiarello sold 12,592 shares of the firm’s stock in a transaction on Friday, January 28th. The stock was sold at an average price of $101.35, for a total transaction of $1,276,199.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders have sold 31,000 shares of company stock worth $3,159,439. 1.60% of the stock is currently owned by company insiders.
About Fiserv (Get Rating)
Fiserv, Inc, together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; Clover, a cloud-based point-of-sale and business management platform; and Clover Connect, an independent software vendors platform.
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