Brokerages Expect Fiserv Inc (FISV) to Announce $0.86 EPS

Equities research analysts predict that Fiserv Inc (NASDAQ:FISV) will announce $0.86 earnings per share for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Fiserv’s earnings, with estimates ranging from $0.84 to $0.88. Fiserv posted earnings of $0.71 per share in the same quarter last year, which indicates a positive year over year growth rate of 21.1%. The business is scheduled to issue its next quarterly earnings report on Wednesday, February 6th.

On average, analysts expect that Fiserv will report full year earnings of $3.13 per share for the current financial year, with EPS estimates ranging from $3.10 to $3.15. For the next financial year, analysts expect that the business will post earnings of $3.51 per share, with EPS estimates ranging from $3.45 to $3.58. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Fiserv.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Wednesday, October 31st. The business services provider reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.02). The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Fiserv had a return on equity of 44.31% and a net margin of 25.00%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the company posted $1.27 EPS.

FISV has been the topic of a number of recent research reports. Barclays initiated coverage on Fiserv in a report on Wednesday, November 14th. They set an “overweight” rating and a $95.00 price objective on the stock. Zacks Investment Research cut Fiserv from a “hold” rating to a “sell” rating in a report on Monday, October 15th. JPMorgan Chase & Co. cut Fiserv from a “neutral” rating to an “underweight” rating and set a $95.00 price target on the stock. in a report on Tuesday, August 14th. BidaskClub cut Fiserv from a “buy” rating to a “hold” rating in a report on Wednesday, August 29th. Finally, Credit Suisse Group raised their price target on Fiserv from $67.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, October 15th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Fiserv has an average rating of “Hold” and a consensus price target of $80.57.

FISV traded down $1.33 during trading on Friday, reaching $74.74. 2,364,770 shares of the company were exchanged, compared to its average volume of 1,950,721. The stock has a market capitalization of $30.65 billion, a price-to-earnings ratio of 29.20, a price-to-earnings-growth ratio of 2.14 and a beta of 0.78. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.01 and a current ratio of 1.01. Fiserv has a 12-month low of $62.76 and a 12-month high of $82.79.

In other Fiserv news, insider Jeffery W. Yabuki sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, October 17th. The stock was sold at an average price of $78.92, for a total value of $3,946,000.00. Following the sale, the insider now owns 367,380 shares of the company’s stock, valued at approximately $28,993,629.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders sold 150,000 shares of company stock worth $11,779,000. Insiders own 1.80% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in shares of Fiserv by 0.3% during the 3rd quarter. BlackRock Inc. now owns 30,447,271 shares of the business services provider’s stock valued at $2,508,244,000 after buying an additional 83,362 shares in the last quarter. FMR LLC raised its holdings in shares of Fiserv by 4.0% during the 3rd quarter. FMR LLC now owns 7,709,211 shares of the business services provider’s stock valued at $635,084,000 after buying an additional 295,533 shares in the last quarter. Voya Investment Management LLC raised its holdings in shares of Fiserv by 31.8% during the 2nd quarter. Voya Investment Management LLC now owns 5,584,840 shares of the business services provider’s stock valued at $413,781,000 after buying an additional 1,346,387 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of Fiserv by 0.3% during the 3rd quarter. Capital Research Global Investors now owns 3,080,179 shares of the business services provider’s stock valued at $253,745,000 after buying an additional 10,639 shares in the last quarter. Finally, Swiss National Bank raised its holdings in shares of Fiserv by 1.4% during the 2nd quarter. Swiss National Bank now owns 2,328,444 shares of the business services provider’s stock valued at $172,514,000 after buying an additional 31,500 shares in the last quarter. 87.58% of the stock is currently owned by institutional investors.

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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