Fiserv, Inc. (NASDAQ:FISV) Expected to Announce Earnings of $1.30 Per Share
Analysts predict that Fiserv, Inc. (NASDAQ:FISV) will post earnings per share of $1.30 for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for Fiserv’s earnings, with the highest EPS estimate coming in at $1.33 and the lowest estimate coming in at $1.28. Fiserv reported earnings of $1.14 per share during the same quarter last year, which would suggest a positive year over year growth rate of 14%. The firm is scheduled to issue its next earnings results on Wednesday, October 25th.
On average, analysts expect that Fiserv will report full-year earnings of $5.10 per share for the current fiscal year, with EPS estimates ranging from $5.04 to $5.13. For the next fiscal year, analysts anticipate that the firm will post earnings of $5.76 per share, with EPS estimates ranging from $5.65 to $5.89. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Fiserv.
Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Tuesday, August 1st. The business services provider reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by $0.04. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Fiserv had a net margin of 16.04% and a return on equity of 41.79%. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.08 earnings per share.
Several brokerages have recently commented on FISV. Cowen and Company restated a “hold” rating and set a $115.00 price objective on shares of Fiserv in a research report on Thursday, August 3rd. Credit Suisse Group raised their price objective on shares of Fiserv from $123.00 to $126.00 and gave the company a “neutral” rating in a research report on Wednesday, August 2nd. Barclays PLC restated an “equal weight” rating and set a $123.00 price objective (up from $115.00) on shares of Fiserv in a research report on Wednesday, August 2nd. Royal Bank Of Canada raised their price objective on shares of Fiserv from $123.00 to $128.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 2nd. Finally, BMO Capital Markets raised their price objective on shares of Fiserv from $112.00 to $133.00 and gave the company a “market perform” rating in a research report on Tuesday, August 1st. Nine analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Fiserv has a consensus rating of “Buy” and an average target price of $126.91.
Fiserv (FISV) opened at 124.08 on Tuesday. Fiserv has a 52-week low of $92.81 and a 52-week high of $129.35. The stock has a market capitalization of $26.84 billion, a price-to-earnings ratio of 30.37 and a beta of 0.81. The stock’s 50 day moving average is $124.64 and its 200-day moving average is $118.43.
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In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of Fiserv stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $125.06, for a total value of $2,126,020.00. Following the sale, the insider now directly owns 303,151 shares in the company, valued at approximately $37,912,064.06. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders sold 51,000 shares of company stock worth $6,339,810. 1.80% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of FISV. First Manhattan Co. boosted its position in shares of Fiserv by 14.9% in the first quarter. First Manhattan Co. now owns 1,034 shares of the business services provider’s stock worth $102,000 after buying an additional 134 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new position in shares of Fiserv during the second quarter worth approximately $104,000. Parallel Advisors LLC boosted its position in shares of Fiserv by 8.2% in the second quarter. Parallel Advisors LLC now owns 849 shares of the business services provider’s stock worth $109,000 after buying an additional 64 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of Fiserv during the first quarter worth approximately $131,000. Finally, Trust Co. of Vermont boosted its position in shares of Fiserv by 53.3% in the second quarter. Trust Co. of Vermont now owns 1,303 shares of the business services provider’s stock worth $159,000 after buying an additional 453 shares during the last quarter. 87.60% of the stock is owned by institutional investors and hedge funds.
Fiserv Company Profile
Fiserv, Inc is a provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services, such as electronic bill payments, transaction processing, account-to-account transfers, and person-to-person payments; Internet and mobile banking systems, and related services, including document and payment card production and distribution, and lending and risk management products and services.
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