Analysts Expect Fiserv, Inc. (FISV) Will Announce Earnings of $1.30 Per Share
Wall Street brokerages predict that Fiserv, Inc. (NASDAQ:FISV) will report earnings of $1.30 per share for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Fiserv’s earnings, with estimates ranging from $1.29 to $1.33. Fiserv posted earnings of $1.14 per share in the same quarter last year, which suggests a positive year over year growth rate of 14%. The firm is expected to report its next quarterly earnings report on Wednesday, October 25th.
According to Zacks, analysts expect that Fiserv will report full year earnings of $5.10 per share for the current financial year, with EPS estimates ranging from $5.02 to $5.20. For the next fiscal year, analysts expect that the business will report earnings of $5.77 per share, with EPS estimates ranging from $5.71 to $5.89. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Fiserv.
Fiserv (NASDAQ:FISV) last announced its earnings results on Tuesday, August 1st. The business services provider reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.04). The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Fiserv had a net margin of 16.04% and a return on equity of 41.79%. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.08 earnings per share.
A number of equities research analysts have recently commented on the stock. Guggenheim upgraded shares of Fiserv from a “neutral” rating to a “buy” rating and increased their target price for the company from $131.00 to $136.00 in a research report on Monday, July 17th. BidaskClub lowered shares of Fiserv from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 5th. Robert W. Baird restated a “buy” rating and set a $136.00 price target on shares of Fiserv in a research report on Friday, September 8th. Cowen and Company reaffirmed a “hold” rating and set a $115.00 price objective on shares of Fiserv in a research note on Thursday, August 3rd. Finally, Credit Suisse Group upped their price objective on shares of Fiserv from $123.00 to $126.00 and gave the company a “neutral” rating in a research note on Wednesday, August 2nd. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Fiserv has an average rating of “Hold” and an average price target of $127.05.
Shares of Fiserv (FISV) traded down 0.07% on Monday, hitting $128.87. 675,040 shares of the company were exchanged. The firm’s 50-day moving average is $123.36 and its 200-day moving average is $121.49. The stock has a market capitalization of $27.12 billion, a PE ratio of 31.51 and a beta of 0.82. Fiserv has a 52-week low of $92.81 and a 52-week high of $129.81.
In other Fiserv news, Director Kim M. Robak sold 6,124 shares of the stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $124.54, for a total transaction of $762,682.96. Following the completion of the transaction, the director now owns 42,141 shares of the company’s stock, valued at $5,248,240.14. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jeffery W. Yabuki sold 17,000 shares of the stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $122.02, for a total transaction of $2,074,340.00. Following the transaction, the insider now directly owns 269,151 shares of the company’s stock, valued at approximately $32,841,805.02. The disclosure for this sale can be found here. Insiders sold 57,124 shares of company stock valued at $7,113,543 over the last quarter. 1.80% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in FISV. Chicago Partners Investment Group LLC acquired a new position in shares of Fiserv in the 2nd quarter worth approximately $104,000. Parallel Advisors LLC increased its holdings in Fiserv by 8.2% in the 2nd quarter. Parallel Advisors LLC now owns 849 shares of the business services provider’s stock valued at $109,000 after purchasing an additional 64 shares during the last quarter. Acrospire Investment Management LLC acquired a new stake in Fiserv in the 2nd quarter valued at approximately $122,000. Trust Co. of Vermont increased its holdings in Fiserv by 53.3% in the 2nd quarter. Trust Co. of Vermont now owns 1,303 shares of the business services provider’s stock valued at $159,000 after purchasing an additional 453 shares during the last quarter. Finally, Morgan Dempsey Capital Management LLC increased its holdings in Fiserv by 2.3% in the 1st quarter. Morgan Dempsey Capital Management LLC now owns 1,480 shares of the business services provider’s stock valued at $171,000 after purchasing an additional 33 shares during the last quarter. 87.72% of the stock is currently owned by institutional investors and hedge funds.
WARNING: This article was first published by Watch List News and is the property of of Watch List News. If you are accessing this article on another website, it was illegally copied and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be viewed at https://www.watchlistnews.com/analysts-expect-fiserv-inc-fisv-will-announce-earnings-of-1-30-per-share/1603858.html.
Fiserv Company Profile
Fiserv, Inc is a provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services, such as electronic bill payments, transaction processing, account-to-account transfers, and person-to-person payments; Internet and mobile banking systems, and related services, including document and payment card production and distribution, and lending and risk management products and services.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Fiserv Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.