$0.74 Earnings Per Share Expected for Fiserv Inc (FISV) This Quarter

Equities analysts predict that Fiserv Inc (NASDAQ:FISV) will announce earnings per share (EPS) of $0.74 for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Fiserv’s earnings, with the highest EPS estimate coming in at $0.79 and the lowest estimate coming in at $0.72. Fiserv posted earnings of $0.60 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 23.3%. The company is expected to report its next earnings report on Tuesday, August 7th.

According to Zacks, analysts expect that Fiserv will report full-year earnings of $3.12 per share for the current financial year, with EPS estimates ranging from $3.10 to $3.14. For the next fiscal year, analysts forecast that the firm will report earnings of $3.51 per share, with EPS estimates ranging from $3.40 to $3.60. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover Fiserv.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Tuesday, May 1st. The business services provider reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.03. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.44 billion. Fiserv had a net margin of 24.76% and a return on equity of 44.13%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period last year, the business posted $1.13 EPS.

Several analysts have issued reports on the stock. BidaskClub upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research report on Wednesday, May 9th. Citigroup raised their price target on shares of Fiserv from $70.00 to $72.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 2nd. Stephens restated a “hold” rating and issued a $73.00 price target on shares of Fiserv in a research report on Thursday, April 5th. ValuEngine lowered shares of Fiserv from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Finally, Credit Suisse Group decreased their price target on shares of Fiserv from $68.00 to $67.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 2nd. Ten research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Fiserv has a consensus rating of “Hold” and a consensus target price of $71.50.

In related news, Director Kim M. Robak sold 10,388 shares of Fiserv stock in a transaction dated Wednesday, May 30th. The shares were sold at an average price of $72.92, for a total transaction of $757,492.96. Following the completion of the transaction, the director now directly owns 85,094 shares of the company’s stock, valued at approximately $6,205,054.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffery W. Yabuki sold 50,000 shares of Fiserv stock in a transaction dated Wednesday, May 16th. The shares were sold at an average price of $72.26, for a total transaction of $3,613,000.00. Following the transaction, the insider now directly owns 617,380 shares of the company’s stock, valued at $44,611,878.80. The disclosure for this sale can be found here. Insiders have sold a total of 160,388 shares of company stock valued at $11,792,993 over the last ninety days. 1.70% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the stock. HBK Sorce Advisory LLC lifted its holdings in Fiserv by 32.7% during the 4th quarter. HBK Sorce Advisory LLC now owns 3,305 shares of the business services provider’s stock valued at $433,000 after purchasing an additional 814 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in Fiserv by 100.0% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 10,880 shares of the business services provider’s stock valued at $776,000 after purchasing an additional 5,440 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in Fiserv by 8.2% during the 4th quarter. Macquarie Group Ltd. now owns 152,072 shares of the business services provider’s stock valued at $19,830,000 after purchasing an additional 11,586 shares during the last quarter. Oak Ridge Investments LLC lifted its holdings in Fiserv by 92.6% during the 1st quarter. Oak Ridge Investments LLC now owns 52,168 shares of the business services provider’s stock valued at $3,720,000 after purchasing an additional 25,086 shares during the last quarter. Finally, Suntrust Banks Inc. lifted its holdings in Fiserv by 15.1% during the 4th quarter. Suntrust Banks Inc. now owns 10,918 shares of the business services provider’s stock valued at $1,430,000 after purchasing an additional 1,436 shares during the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

Fiserv traded down $0.95, hitting $73.23, during midday trading on Friday, according to Marketbeat. The company had a trading volume of 51,162 shares, compared to its average volume of 1,845,375. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market capitalization of $30.45 billion, a price-to-earnings ratio of 28.68, a P/E/G ratio of 2.07 and a beta of 0.83. Fiserv has a fifty-two week low of $59.85 and a fifty-two week high of $76.98.

Fiserv Company Profile

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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