Brokerages expect that Fiserv Inc (NASDAQ:FISV) will post earnings of $0.93 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Fiserv’s earnings, with estimates ranging from $0.88 to $1.00. Fiserv reported earnings per share of $0.75 during the same quarter last year, which suggests a positive year over year growth rate of 24%. The company is scheduled to announce its next quarterly earnings report on Wednesday, October 30th.
According to Zacks, analysts expect that Fiserv will report full year earnings of $3.76 per share for the current financial year, with EPS estimates ranging from $3.71 to $3.82. For the next year, analysts anticipate that the business will post earnings of $4.88 per share, with EPS estimates ranging from $4.84 to $4.91. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Fiserv.
Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Thursday, July 25th. The business services provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.80 by $0.02. Fiserv had a return on equity of 53.08% and a net margin of 16.08%. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter last year, the firm earned $0.75 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis.
A number of analysts have issued reports on the company. Northcoast Research raised Fiserv from a “neutral” rating to a “buy” rating and set a $90.86 target price for the company in a research note on Wednesday, June 26th. Royal Bank of Canada set a $106.00 price target on shares of Fiserv and gave the company a “buy” rating in a research report on Friday, July 26th. Deutsche Bank raised shares of Fiserv from a “hold” rating to a “buy” rating and upped their price objective for the company from $100.00 to $120.00 in a report on Tuesday, July 30th. Raymond James initiated coverage on shares of Fiserv in a research report on Friday, June 21st. They set an “outperform” rating and a $103.00 price objective for the company. Finally, Argus reaffirmed a “buy” rating on shares of Fiserv in a research note on Monday, August 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $99.38.
NASDAQ FISV traded down $1.34 on Friday, reaching $102.35. 31,423 shares of the company were exchanged, compared to its average volume of 3,887,294. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 5.40. The business’s fifty day moving average price is $104.96 and its 200 day moving average price is $92.34. The stock has a market capitalization of $41.92 billion, a P/E ratio of 33.11, a price-to-earnings-growth ratio of 2.36 and a beta of 0.79. Fiserv has a fifty-two week low of $68.45 and a fifty-two week high of $109.92.
In related news, insider Jeffery W. Yabuki sold 20,000 shares of the stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $94.25, for a total transaction of $1,885,000.00. Following the completion of the transaction, the insider now owns 331,429 shares of the company’s stock, valued at approximately $31,237,183.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Jeffery W. Yabuki sold 25,000 shares of Fiserv stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $107.45, for a total transaction of $2,686,250.00. Following the completion of the sale, the chairman now owns 291,429 shares of the company’s stock, valued at approximately $31,314,046.05. The disclosure for this sale can be found here. Insiders sold a total of 136,000 shares of company stock worth $13,905,850 over the last three months. Insiders own 1.40% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Egerton Capital UK LLP purchased a new position in shares of Fiserv during the first quarter worth $568,121,000. Price T Rowe Associates Inc. MD lifted its position in shares of Fiserv by 8.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 51,136,590 shares of the business services provider’s stock valued at $4,661,611,000 after buying an additional 3,933,642 shares during the last quarter. Lazard Asset Management LLC lifted its position in shares of Fiserv by 857.8% in the first quarter. Lazard Asset Management LLC now owns 3,493,843 shares of the business services provider’s stock valued at $308,435,000 after buying an additional 3,129,050 shares during the last quarter. Findlay Park Partners LLP boosted its stake in shares of Fiserv by 144.4% during the 1st quarter. Findlay Park Partners LLP now owns 3,850,000 shares of the business services provider’s stock worth $339,878,000 after acquiring an additional 2,275,000 shares during the period. Finally, Waddell & Reed Financial Inc. boosted its stake in shares of Fiserv by 302.5% during the 2nd quarter. Waddell & Reed Financial Inc. now owns 2,670,227 shares of the business services provider’s stock worth $243,418,000 after acquiring an additional 2,006,798 shares during the period. Institutional investors own 87.43% of the company’s stock.
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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