Equities analysts expect Fiserv Inc (NASDAQ:FISV) to post $1.50 billion in sales for the current quarter, according to Zacks Investment Research. Nine analysts have provided estimates for Fiserv’s earnings. The lowest sales estimate is $1.41 billion and the highest is $1.53 billion. Fiserv reported sales of $1.42 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 5.6%. The company is expected to announce its next quarterly earnings report on Tuesday, July 30th.
On average, analysts expect that Fiserv will report full-year sales of $6.18 billion for the current financial year, with estimates ranging from $6.13 billion to $6.22 billion. For the next year, analysts forecast that the company will post sales of $6.50 billion, with estimates ranging from $6.46 billion to $6.54 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Fiserv.
Fiserv (NASDAQ:FISV) last released its earnings results on Tuesday, April 30th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.02. Fiserv had a return on equity of 50.83% and a net margin of 16.81%. The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the previous year, the business posted $0.76 earnings per share. The business’s revenue for the quarter was up 4.3% on a year-over-year basis.
A number of research firms have issued reports on FISV. Zacks Investment Research cut Fiserv from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Keefe, Bruyette & Woods began coverage on Fiserv in a research note on Monday, April 8th. They set a “market perform” rating and a $101.00 price target on the stock. Oppenheimer lifted their price target on Fiserv from $97.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Raymond James began coverage on Fiserv in a research note on Friday, June 21st. They set an “outperform” rating and a $103.00 price target on the stock. Finally, SunTrust Banks raised Fiserv from a “hold” rating to a “buy” rating and lifted their price target for the company from $91.00 to $100.00 in a research note on Wednesday, June 5th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $92.74.
In other Fiserv news, insider Jeffery W. Yabuki sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $88.95, for a total value of $177,900.00. Following the transaction, the insider now directly owns 371,429 shares of the company’s stock, valued at $33,038,609.55. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jeffery W. Yabuki sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $85.49, for a total value of $1,709,800.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 62,000 shares of company stock worth $5,376,500. 1.40% of the stock is owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Bremer Bank National Association acquired a new position in Fiserv in the first quarter valued at approximately $25,000. Sontag Advisory LLC acquired a new position in Fiserv in the fourth quarter valued at approximately $27,000. JOYN Advisors Inc. lifted its stake in Fiserv by 80.0% in the fourth quarter. JOYN Advisors Inc. now owns 405 shares of the business services provider’s stock valued at $30,000 after buying an additional 180 shares during the period. Parkside Financial Bank & Trust lifted its stake in Fiserv by 74.4% in the first quarter. Parkside Financial Bank & Trust now owns 464 shares of the business services provider’s stock valued at $41,000 after buying an additional 198 shares during the period. Finally, Glassman Wealth Services lifted its stake in Fiserv by 76.9% in the first quarter. Glassman Wealth Services now owns 467 shares of the business services provider’s stock valued at $41,000 after buying an additional 203 shares during the period. 87.38% of the stock is currently owned by hedge funds and other institutional investors.
Fiserv stock opened at $94.46 on Thursday. Fiserv has a 12-month low of $68.45 and a 12-month high of $94.48. The company has a debt-to-equity ratio of 2.45, a quick ratio of 1.07 and a current ratio of 1.07. The company has a 50-day simple moving average of $89.19. The company has a market capitalization of $37.07 billion, a PE ratio of 30.47, a PEG ratio of 2.29 and a beta of 0.78.
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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