Oppenheimer Analysts Cut Earnings Estimates for Fiserv, Inc. (NASDAQ:FISV)

Fiserv, Inc. (NASDAQ:FISVGet Rating) – Research analysts at Oppenheimer lowered their Q3 2022 EPS estimates for Fiserv in a research report issued to clients and investors on Wednesday, April 27th. Oppenheimer analyst D. Gabriele now forecasts that the business services provider will post earnings per share of $1.68 for the quarter, down from their previous estimate of $1.70. Oppenheimer also issued estimates for Fiserv’s FY2022 earnings at $6.50 EPS and FY2023 earnings at $7.44 EPS.

Several other equities analysts also recently commented on the company. Jefferies Financial Group downgraded Fiserv from a “buy” rating to a “hold” rating and dropped their target price for the company from $120.00 to $115.00 in a research report on Wednesday, January 12th. Wells Fargo & Company assumed coverage on Fiserv in a research report on Monday, April 4th. They issued an “overweight” rating and a $122.00 target price for the company. Morgan Stanley dropped their target price on Fiserv from $117.00 to $114.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 9th. Cowen downgraded Fiserv from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $144.00 to $126.00 in a research report on Tuesday, April 12th. Finally, Tigress Financial increased their target price on Fiserv from $148.00 to $150.00 in a research report on Friday, January 14th. Ten equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $127.04.

FISV opened at $97.92 on Monday. The business’s fifty day moving average is $99.00 and its 200-day moving average is $101.70. The firm has a market cap of $63.85 billion, a P/E ratio of 38.25, a price-to-earnings-growth ratio of 1.21 and a beta of 0.82. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.03 and a current ratio of 1.04. Fiserv has a 52-week low of $89.91 and a 52-week high of $121.79.

Fiserv (NASDAQ:FISVGet Rating) last issued its quarterly earnings data on Wednesday, April 27th. The business services provider reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.05. Fiserv had a return on equity of 12.05% and a net margin of 10.23%. The firm had revenue of $4.14 billion for the quarter, compared to analyst estimates of $3.85 billion. During the same period in the prior year, the firm posted $1.17 EPS. The company’s revenue for the quarter was up 10.2% on a year-over-year basis.

Large investors have recently added to or reduced their stakes in the company. Riverview Trust Co bought a new position in Fiserv during the 1st quarter valued at about $29,000. Capital Advisors Ltd. LLC bought a new stake in Fiserv during the 4th quarter worth approximately $30,000. Advocacy Wealth Management Services LLC raised its stake in Fiserv by 100.0% during the 1st quarter. Advocacy Wealth Management Services LLC now owns 294 shares of the business services provider’s stock worth $30,000 after acquiring an additional 147 shares during the period. Bell Investment Advisors Inc purchased a new stake in Fiserv during the 3rd quarter valued at approximately $31,000. Finally, Trust Co. of Vermont purchased a new stake in Fiserv during the 4th quarter valued at approximately $31,000. 96.80% of the stock is currently owned by hedge funds and other institutional investors.

In related news, COO Guy Chiarello sold 10,000 shares of the company’s stock in a transaction on Monday, March 28th. The shares were sold at an average price of $100.04, for a total transaction of $1,000,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.00% of the company’s stock.

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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Earnings History and Estimates for Fiserv (NASDAQ:FISV)

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