Brokerages expect that Fiserv Inc (NASDAQ:FISV) will report $1.45 billion in sales for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for Fiserv’s earnings, with the highest sales estimate coming in at $1.48 billion and the lowest estimate coming in at $1.42 billion. Fiserv reported sales of $1.39 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 4.3%. The business is scheduled to announce its next earnings results on Wednesday, April 25th.
According to Zacks, analysts expect that Fiserv will report full year sales of $1.45 billion for the current fiscal year, with estimates ranging from $5.80 billion to $5.97 billion. For the next financial year, analysts expect that the firm will report sales of $6.15 billion per share, with estimates ranging from $6.01 billion to $6.31 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Fiserv.
Fiserv (NASDAQ:FISV) last announced its earnings results on Wednesday, February 7th. The business services provider reported $1.41 EPS for the quarter, topping the consensus estimate of $1.38 by $0.03. The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.51 billion. Fiserv had a return on equity of 44.58% and a net margin of 21.88%. Fiserv’s revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.16 EPS.
Several research analysts have recently commented on the company. Guggenheim reissued a “buy” rating and issued a $160.00 target price on shares of Fiserv in a report on Monday, January 29th. BidaskClub raised Fiserv from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 31st. Robert W. Baird upped their price objective on Fiserv from $146.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Zacks Investment Research raised Fiserv from a “hold” rating to a “buy” rating and set a $154.00 price objective on the stock in a report on Tuesday, February 13th. Finally, Credit Suisse Group upped their price objective on Fiserv from $126.00 to $140.00 and gave the stock a “neutral” rating in a report on Wednesday, January 17th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Fiserv presently has an average rating of “Hold” and a consensus price target of $140.73.
Fiserv (NASDAQ:FISV) opened at $146.19 on Friday. The company has a market capitalization of $29,361.05, a P/E ratio of 27.76, a PEG ratio of 1.99 and a beta of 0.87. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 1.79. Fiserv has a 1-year low of $113.29 and a 1-year high of $146.26.
In other Fiserv news, insider Byron C. Vielehr sold 10,000 shares of the company’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $131.03, for a total transaction of $1,310,300.00. Following the completion of the sale, the insider now owns 19,719 shares in the company, valued at approximately $2,583,780.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kevin J. Schultz sold 3,439 shares of the company’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $131.51, for a total transaction of $452,262.89. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 76,599 shares of company stock worth $10,489,845. Company insiders own 1.80% of the company’s stock.
Several institutional investors have recently modified their holdings of FISV. Virtue Capital Management LLC bought a new stake in shares of Fiserv during the 4th quarter valued at $116,000. ARK Investment Management LLC bought a new stake in shares of Fiserv during the 4th quarter valued at $118,000. Coastline Trust Co bought a new stake in shares of Fiserv during the 3rd quarter valued at $202,000. Univest Corp of Pennsylvania bought a new stake in shares of Fiserv during the 4th quarter valued at $202,000. Finally, Biltmore Family Office LLC bought a new stake in shares of Fiserv during the 4th quarter valued at $203,000. Institutional investors own 86.71% of the company’s stock.
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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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