Fiserv (NASDAQ:FISV) Updates FY 2022 Earnings Guidance

Fiserv (NASDAQ:FISVGet Rating) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided earnings per share guidance of $6.45-$6.55 for the period, compared to the consensus earnings per share estimate of $6.47. The company issued revenue guidance of -.

Fiserv Stock Down 0.5 %

NASDAQ FISV traded down $0.58 during trading hours on Friday, hitting $106.08. 2,943,739 shares of the company were exchanged, compared to its average volume of 3,470,537. Fiserv has a 52-week low of $87.03 and a 52-week high of $119.86. The firm has a market cap of $67.85 billion, a price-to-earnings ratio of 34.44, a PEG ratio of 1.22 and a beta of 0.88. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.66. The company has a 50 day moving average of $96.34 and a two-hundred day moving average of $98.20.

Fiserv (NASDAQ:FISVGet Rating) last released its quarterly earnings data on Tuesday, July 26th. The business services provider reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.01. The business had revenue of $4.45 billion during the quarter, compared to analysts’ expectations of $4.06 billion. Fiserv had a net margin of 11.92% and a return on equity of 12.40%. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.37 EPS. Equities research analysts anticipate that Fiserv will post 6.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Tigress Financial upped their price objective on shares of Fiserv from $150.00 to $152.00 in a research report on Friday, May 27th. Truist Financial cut their price target on shares of Fiserv from $105.00 to $95.00 and set a hold rating for the company in a report on Thursday, June 30th. Morgan Stanley lifted their price objective on Fiserv from $98.00 to $106.00 and gave the company an equal weight rating in a report on Wednesday, July 27th. Cowen downgraded Fiserv from an outperform rating to a market perform rating and cut their target price for the stock from $144.00 to $126.00 in a research note on Tuesday, April 12th. Finally, Mizuho lifted their price target on Fiserv from $140.00 to $145.00 and gave the company a buy rating in a research note on Monday, August 1st. Eleven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, Fiserv has an average rating of Moderate Buy and an average target price of $123.46.

Insider Activity

In other news, COO Guy Chiarello sold 30,000 shares of Fiserv stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $105.09, for a total transaction of $3,152,700.00. Following the sale, the chief operating officer now owns 237,053 shares in the company, valued at $24,911,899.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Fiserv news, Director Holdings L.P. Valueact acquired 500,000 shares of the stock in a transaction on Friday, June 10th. The stock was purchased at an average price of $94.18 per share, for a total transaction of $47,090,000.00. Following the purchase, the director now directly owns 14,147,776 shares in the company, valued at $1,332,437,543.68. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Guy Chiarello sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $105.09, for a total value of $3,152,700.00. Following the completion of the transaction, the chief operating officer now directly owns 237,053 shares in the company, valued at $24,911,899.77. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 1,224,609 shares of company stock worth $113,982,154 and sold 49,000 shares worth $5,072,700. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Fiserv

Several institutional investors and hedge funds have recently made changes to their positions in the company. Caisse DE Depot ET Placement DU Quebec lifted its stake in Fiserv by 518.1% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,123,613 shares of the business services provider’s stock valued at $113,934,000 after buying an additional 941,832 shares during the last quarter. Baupost Group LLC MA lifted its position in Fiserv by 30.8% in the 1st quarter. Baupost Group LLC MA now owns 3,988,391 shares of the business services provider’s stock valued at $404,423,000 after purchasing an additional 938,391 shares during the last quarter. Eaton Vance Management boosted its stake in Fiserv by 42.1% during the 1st quarter. Eaton Vance Management now owns 1,044,868 shares of the business services provider’s stock valued at $105,950,000 after purchasing an additional 309,410 shares during the period. Clark Estates Inc. NY bought a new position in Fiserv in the 1st quarter worth about $22,815,000. Finally, Prudential Financial Inc. increased its stake in shares of Fiserv by 21.5% in the first quarter. Prudential Financial Inc. now owns 642,217 shares of the business services provider’s stock valued at $65,120,000 after purchasing an additional 113,784 shares during the period. 97.24% of the stock is owned by institutional investors and hedge funds.

Fiserv Company Profile

(Get Rating)

Fiserv, Inc, together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; Clover, a cloud-based point-of-sale and business management platform; and Clover Connect, an independent software vendors platform.

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Earnings History and Estimates for Fiserv (NASDAQ:FISV)

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