Fiserv (NASDAQ:FISV) Issues FY 2019 Earnings Guidance
Fiserv (NASDAQ:FISV) updated its FY 2019 earnings guidance on Thursday. The company provided EPS guidance of $3.39-3.52 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.46. The company issued revenue guidance of $6.085035-6.11415 billion, compared to the consensus revenue estimate of $6.18 billion.Fiserv also updated its FY19 guidance to $3.39-3.52 EPS.
A number of research firms have recently commented on FISV. Northcoast Research downgraded shares of Illinois Tool Works from a neutral rating to a sell rating and set a $121.00 price objective for the company. in a report on Wednesday, June 26th. Zacks Investment Research downgraded shares of Hersha Hospitality Trust from a buy rating to a hold rating in a report on Thursday, May 2nd. Oppenheimer set a $12.00 price target on shares of Teva Pharmaceutical Industries and gave the company a buy rating in a report on Wednesday, June 12th. Moffett Nathanson initiated coverage on shares of Fidelity National Information Servcs in a report on Tuesday, May 21st. They set a buy rating and a $147.00 price target for the company. Finally, William Blair reissued a market perform rating on shares of Standex Int’l in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $94.06.
Shares of NASDAQ FISV traded up $5.94 during trading on Friday, reaching $102.30. The company had a trading volume of 22,063,248 shares, compared to its average volume of 3,425,264. Fiserv has a 52 week low of $68.45 and a 52 week high of $104.31. The stock has a market cap of $40.15 billion, a PE ratio of 33.00, a PEG ratio of 2.47 and a beta of 0.78. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 2.45. The business’s 50 day moving average is $92.56.
In other Fiserv news, insider Jeffery W. Yabuki sold 20,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $85.49, for a total value of $1,709,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffery W. Yabuki sold 2,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $88.95, for a total transaction of $177,900.00. Following the completion of the transaction, the insider now directly owns 371,429 shares of the company’s stock, valued at $33,038,609.55. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 62,000 shares of company stock valued at $5,557,300. Insiders own 1.40% of the company’s stock.
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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