Analysts expect that Fiserv Inc (NASDAQ:FISV) will post earnings per share (EPS) of $1.14 for the current quarter, according to Zacks. Four analysts have provided estimates for Fiserv’s earnings, with the highest EPS estimate coming in at $1.16 and the lowest estimate coming in at $1.13. Fiserv reported earnings of $0.84 per share during the same quarter last year, which suggests a positive year over year growth rate of 35.7%. The business is expected to report its next quarterly earnings report on Thursday, February 6th.
According to Zacks, analysts expect that Fiserv will report full-year earnings of $4.01 per share for the current financial year, with EPS estimates ranging from $3.98 to $4.03. For the next financial year, analysts expect that the company will post earnings of $4.95 per share, with EPS estimates ranging from $4.75 to $5.02. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for Fiserv.
Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Wednesday, November 6th. The business services provider reported $1.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.02. Fiserv had a net margin of 12.11% and a return on equity of 16.73%. The business had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same period in the previous year, the company earned $0.87 earnings per share. The business’s revenue for the quarter was up 5.3% on a year-over-year basis.
Several equities analysts have issued reports on FISV shares. Stephens lifted their price target on shares of Fiserv from $117.00 to $124.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Canaccord Genuity started coverage on shares of Fiserv in a report on Thursday, September 12th. They issued a “buy” rating and a $130.00 price target on the stock. Zacks Investment Research raised shares of Fiserv from a “hold” rating to a “buy” rating and set a $117.00 price target on the stock in a report on Monday, November 11th. Atlantic Securities began coverage on shares of Fiserv in a report on Tuesday, September 3rd. They issued a “neutral” rating and a $131.00 price target on the stock. Finally, JPMorgan Chase & Co. began coverage on shares of Fiserv in a research note on Wednesday, October 30th. They set a “neutral” rating and a $119.00 price objective for the company. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $110.52.
In other Fiserv news, Director Harry Disimone bought 900 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was bought at an average cost of $116.04 per share, for a total transaction of $104,436.00. Following the completion of the transaction, the director now directly owns 5,929 shares of the company’s stock, valued at approximately $688,001.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffery W. Yabuki sold 45,000 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $114.29, for a total transaction of $5,143,050.00. Following the transaction, the chief executive officer now owns 869,809 shares of the company’s stock, valued at $99,410,470.61. The disclosure for this sale can be found here. Insiders have sold 168,000 shares of company stock valued at $18,716,220 over the last 90 days. 1.40% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Global Retirement Partners LLC boosted its holdings in Fiserv by 11.2% in the 3rd quarter. Global Retirement Partners LLC now owns 913 shares of the business services provider’s stock valued at $95,000 after purchasing an additional 92 shares during the last quarter. Sheaff Brock Investment Advisors LLC lifted its position in shares of Fiserv by 1.3% during the third quarter. Sheaff Brock Investment Advisors LLC now owns 7,625 shares of the business services provider’s stock worth $790,000 after purchasing an additional 100 shares in the last quarter. Truewealth LLC lifted its position in shares of Fiserv by 70.5% during the third quarter. Truewealth LLC now owns 249 shares of the business services provider’s stock worth $26,000 after purchasing an additional 103 shares in the last quarter. Pinnacle Financial Partners Inc. lifted its position in shares of Fiserv by 3.3% during the third quarter. Pinnacle Financial Partners Inc. now owns 3,303 shares of the business services provider’s stock worth $342,000 after purchasing an additional 105 shares in the last quarter. Finally, Grandfield & Dodd LLC lifted its position in shares of Fiserv by 1.6% during the third quarter. Grandfield & Dodd LLC now owns 6,601 shares of the business services provider’s stock worth $684,000 after purchasing an additional 105 shares in the last quarter. Institutional investors own 92.76% of the company’s stock.
NASDAQ FISV traded up $1.57 on Monday, hitting $116.75. The stock had a trading volume of 2,328,547 shares, compared to its average volume of 2,633,679. The business’s fifty day moving average price is $111.47 and its 200 day moving average price is $102.38. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.08 and a quick ratio of 1.08. Fiserv has a 52-week low of $68.45 and a 52-week high of $117.04. The stock has a market cap of $77.92 billion, a price-to-earnings ratio of 37.66, a price-to-earnings-growth ratio of 2.07 and a beta of 0.80.
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; Internet and 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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