Wall Street brokerages expect that Fiserv (NASDAQ:FISV) will report $0.74 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Fiserv’s earnings. The lowest EPS estimate is $0.71 and the highest is $0.76. Fiserv reported earnings of $0.63 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 17.5%. The business is scheduled to report its next earnings results after the market closes on Tuesday, May 1st.

According to Zacks, analysts expect that Fiserv will report full-year earnings of $3.11 per share for the current fiscal year, with EPS estimates ranging from $3.04 to $3.14. For the next financial year, analysts forecast that the company will report earnings of $3.51 per share, with EPS estimates ranging from $3.40 to $3.59. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Fiserv.

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Fiserv (NASDAQ:FISV) last announced its earnings results on Wednesday, February 7th. The business services provider reported $0.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.01. Fiserv had a return on equity of 44.58% and a net margin of 21.88%. The business had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the business earned $0.58 earnings per share. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year.

FISV has been the subject of several recent analyst reports. Zacks Investment Research upgraded Fiserv from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a research report on Tuesday, February 13th. Stephens restated a “hold” rating and set a $73.00 target price on shares of Fiserv in a research report on Thursday, April 5th. Cowen restated a “hold” rating and set a $68.00 target price on shares of Fiserv in a research report on Friday, March 23rd. Cantor Fitzgerald reiterated a “hold” rating and issued a $63.00 price target on shares of Fiserv in a report on Wednesday, February 7th. Finally, Citigroup boosted their price target on Fiserv from $69.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $70.83.

Shares of NASDAQ:FISV opened at $71.59 on Friday. Fiserv has a 1 year low of $57.85 and a 1 year high of $74.46. The company has a market cap of $29,152.16, a price-to-earnings ratio of 27.69, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.79.

In other Fiserv news, Director Denis Oleary sold 12,160 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $142.64, for a total transaction of $1,734,502.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffery W. Yabuki sold 34,000 shares of the company’s stock in a transaction on Monday, March 19th. The stock was sold at an average price of $73.43, for a total value of $2,496,620.00. The disclosure for this sale can be found here. Insiders sold 80,160 shares of company stock valued at $8,993,842 in the last quarter. 1.80% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the business. HBK Sorce Advisory LLC lifted its holdings in Fiserv by 32.7% during the fourth quarter. HBK Sorce Advisory LLC now owns 3,305 shares of the business services provider’s stock worth $433,000 after buying an additional 814 shares during the period. Huntington National Bank lifted its holdings in Fiserv by 3.2% during the fourth quarter. Huntington National Bank now owns 226,079 shares of the business services provider’s stock worth $29,646,000 after buying an additional 6,947 shares during the period. New Mexico Educational Retirement Board lifted its holdings in Fiserv by 2.5% during the fourth quarter. New Mexico Educational Retirement Board now owns 20,258 shares of the business services provider’s stock worth $2,656,000 after buying an additional 500 shares during the period. Eqis Capital Management Inc. lifted its holdings in Fiserv by 5.4% during the fourth quarter. Eqis Capital Management Inc. now owns 16,509 shares of the business services provider’s stock worth $2,165,000 after buying an additional 843 shares during the period. Finally, American National Bank lifted its holdings in Fiserv by 2.8% during the fourth quarter. American National Bank now owns 40,843 shares of the business services provider’s stock worth $5,356,000 after buying an additional 1,115 shares during the period. Institutional investors own 45.04% of the company’s stock.

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About Fiserv

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; 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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Earnings History and Estimates for Fiserv (NASDAQ:FISV)

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