Analysts Expect Fiserv, Inc. (NASDAQ:FISV) Will Post Quarterly Sales of $4.06 Billion

Equities analysts predict that Fiserv, Inc. (NASDAQ:FISV – Get Rating) will report sales of $4.06 billion for the current quarter, according to Zacks. Ten analysts have provided estimates for Fiserv’s earnings. The highest sales estimate is $4.18 billion and the lowest is $3.97 billion. Fiserv reported sales of $3.86 billion during the same quarter last year, which would suggest a positive year over year growth rate of 5.2%. The firm is scheduled to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Fiserv will report full year sales of $16.49 billion for the current year, with estimates ranging from $16.31 billion to $16.63 billion. For the next financial year, analysts expect that the business will report sales of $17.76 billion, with estimates ranging from $17.45 billion to $18.75 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Fiserv.

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

A number of equities analysts have issued reports on the company. Rosenblatt Securities reduced their target price on Fiserv from $131.00 to $127.00 and set a “buy” rating on the stock in a report on Wednesday, February 9th. Cowen cut Fiserv from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $144.00 to $126.00 in a report on Tuesday, April 12th. TheStreet upgraded Fiserv from a “c+” rating to a “b” rating in a report on Thursday, April 28th. Morgan Stanley cut their price objective on Fiserv from $117.00 to $114.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 9th. Finally, Raymond James cut their price objective on Fiserv from $122.00 to $120.00 and set an “outperform” rating on the stock in a report on Wednesday, February 9th. Ten equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, Fiserv presently has an average rating of “Buy” and an average target price of $126.96.

FISV traded up $2.62 during midday trading on Monday, reaching $96.17. 3,136,610 shares of the company were exchanged, compared to its average volume of 3,398,626. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.04 and a current ratio of 1.04. Fiserv has a one year low of $89.91 and a one year high of $119.86. The stock has a market capitalization of $62.71 billion, a P/E ratio of 37.57, a PEG ratio of 1.07 and a beta of 0.79. The stock’s 50-day simple moving average is $98.98 and its 200 day simple moving average is $100.86.

In related news, COO Guy Chiarello sold 10,000 shares of the firm’s stock in a transaction dated Monday, March 28th. The stock was sold at an average price of $100.04, for a total transaction of $1,000,400.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Holdings L.P. Valueact purchased 67,050 shares of the firm’s stock in a transaction on Friday, May 6th. The stock was bought at an average cost of $94.96 per share, for a total transaction of $6,367,068.00. Following the completion of the purchase, the director now directly owns 13,214,826 shares in the company, valued at $1,254,879,876.96. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 612,575 shares of company stock valued at $57,795,360. Insiders own 1.00% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Vista Investment Management boosted its stake in Fiserv by 2.9% during the first quarter. Vista Investment Management now owns 5,518 shares of the business services provider’s stock valued at $560,000 after buying an additional 155 shares during the last quarter. Dryden Capital LLC boosted its position in shares of Fiserv by 40.0% in the 1st quarter. Dryden Capital LLC now owns 7,000 shares of the business services provider’s stock worth $710,000 after purchasing an additional 2,000 shares in the last quarter. Ariel Investments LLC acquired a new stake in shares of Fiserv in the 1st quarter worth $226,000. Baupost Group LLC MA boosted its position in shares of Fiserv by 30.8% in the 1st quarter. Baupost Group LLC MA now owns 3,988,391 shares of the business services provider’s stock worth $404,423,000 after purchasing an additional 938,391 shares in the last quarter. Finally, Cadence Bank raised its stake in Fiserv by 1.9% in the 1st quarter. Cadence Bank now owns 15,963 shares of the business services provider’s stock worth $1,619,000 after acquiring an additional 300 shares during the last quarter. Institutional investors own 97.24% of the company’s stock.

Fiserv Company Profile (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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