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.

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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.

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Earnings History and Estimates for Fiserv (NASDAQ:FISV)

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