Equities research analysts expect Fiserv Inc (NASDAQ:FISV) to report $1.43 billion in sales for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Fiserv’s earnings. The lowest sales estimate is $1.42 billion and the highest is $1.45 billion. Fiserv reported sales of $1.40 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.1%. The firm is expected to issue its next earnings results on Tuesday, October 30th.
According to Zacks, analysts expect that Fiserv will report full-year sales of $5.83 billion for the current fiscal year, with estimates ranging from $5.79 billion to $5.86 billion. For the next fiscal year, analysts anticipate that the company will post sales of $6.08 billion per share, with estimates ranging from $6.03 billion to $6.12 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Fiserv.
Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Tuesday, July 31st. The business services provider reported $0.75 EPS for the quarter, beating the consensus estimate of $0.74 by $0.01. Fiserv had a return on equity of 44.25% and a net margin of 25.14%. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter last year, the firm earned $0.57 earnings per share. The business’s revenue for the quarter was up 2.5% on a year-over-year basis.
Several research firms recently commented on FISV. BidaskClub cut Fiserv from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. Deutsche Bank increased their price objective on Fiserv from $63.50 to $71.00 and gave the stock a “hold” rating in a research report on Wednesday, August 1st. Zacks Investment Research upgraded Fiserv from a “hold” rating to a “buy” rating and set a $84.00 price objective for the company in a research report on Friday, August 3rd. Citigroup increased their price objective on Fiserv from $72.00 to $76.00 and gave the stock a “neutral” rating in a research report on Thursday, August 2nd. Finally, Wolfe Research initiated coverage on Fiserv in a research report on Tuesday, July 17th. They issued a “market perform” rating for the company. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $76.97.
In other news, insider Jeffery W. Yabuki sold 50,000 shares of the firm’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $78.64, for a total transaction of $3,932,000.00. Following the completion of the transaction, the insider now directly owns 467,380 shares in the company, valued at $36,754,763.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.80% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sonora Investment Management LLC purchased a new position in shares of Fiserv during the second quarter worth $106,000. Dubuque Bank & Trust Co. boosted its position in shares of Fiserv by 96.9% during the first quarter. Dubuque Bank & Trust Co. now owns 1,500 shares of the business services provider’s stock worth $107,000 after buying an additional 738 shares during the period. Fort L.P. purchased a new position in shares of Fiserv during the second quarter worth $120,000. Braun Bostich & Associates Inc. boosted its position in shares of Fiserv by 515.8% during the second quarter. Braun Bostich & Associates Inc. now owns 1,712 shares of the business services provider’s stock worth $127,000 after buying an additional 1,434 shares during the period. Finally, Twin Tree Management LP purchased a new position in shares of Fiserv during the second quarter worth $135,000. Institutional investors and hedge funds own 88.32% of the company’s stock.
Shares of NASDAQ:FISV traded up $0.76 during midday trading on Tuesday, hitting $80.88. The company had a trading volume of 17,191 shares, compared to its average volume of 1,496,086. Fiserv has a twelve month low of $60.19 and a twelve month high of $81.87. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market cap of $32.16 billion, a PE ratio of 31.52, a P/E/G ratio of 2.21 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; 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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