Brokerages Anticipate Fiserv Inc (NASDAQ:FISV) to Announce $1.05 Earnings Per Share

Equities research analysts expect Fiserv Inc (NASDAQ:FISV) to announce $1.05 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Fiserv’s earnings, with estimates ranging from $0.96 to $1.11. Fiserv reported earnings of $0.84 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 25%. The company is expected to report its next quarterly earnings report on Tuesday, May 5th.

On average, analysts expect that Fiserv will report full year earnings of $4.96 per share for the current fiscal year, with EPS estimates ranging from $4.91 to $5.01. For the next year, analysts forecast that the company will post earnings of $5.88 per share, with EPS estimates ranging from $5.76 to $6.00. Zacks Investment Research’s EPS 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 quarterly earnings results on Tuesday, February 4th. The business services provider reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.01). Fiserv had a return on equity of 11.78% and a net margin of 8.77%. The firm had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $4.06 billion. During the same period in the prior year, the firm posted $0.96 earnings per share. Fiserv’s revenue for the quarter was up 160.8% on a year-over-year basis.

FISV has been the topic of several recent analyst reports. Zacks Investment Research upgraded Fiserv from a “hold” rating to a “buy” rating and set a $117.00 price target on the stock in a report on Monday, November 11th. SunTrust Banks restated a “positive” rating and set a $140.00 price objective on shares of Fiserv in a report on Wednesday, February 5th. Cfra upped their price objective on Fiserv from $121.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. Credit Suisse Group increased their target price on Fiserv from $133.00 to $135.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 5th. Finally, Deutsche Bank increased their target price on Fiserv from $120.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $123.78.

In other Fiserv news, CEO Jeffery W. Yabuki sold 45,000 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $114.29, for a total transaction of $5,143,050.00. Following the transaction, the chief executive officer now directly owns 869,809 shares in the company, valued at approximately $99,410,470.61. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Harry Disimone bought 900 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were acquired at an average cost of $116.04 per share, for a total transaction of $104,436.00. Following the transaction, the director now directly owns 5,929 shares in the company, valued at approximately $688,001.16. The disclosure for this purchase can be found here. Insiders sold 153,500 shares of company stock valued at $17,736,870 over the last 90 days. 1.40% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in FISV. Conning Inc. lifted its position in shares of Fiserv by 13.1% during the third quarter. Conning Inc. now owns 8,027 shares of the business services provider’s stock valued at $832,000 after buying an additional 930 shares during the last quarter. Voloridge Investment Management LLC purchased a new stake in Fiserv during the third quarter valued at approximately $7,676,000. Janney Montgomery Scott LLC lifted its position in Fiserv by 7.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 131,996 shares of the business services provider’s stock valued at $15,263,000 after acquiring an additional 9,495 shares during the last quarter. Night Owl Capital Management LLC acquired a new stake in Fiserv in the third quarter valued at approximately $14,297,000. Finally, Vectors Research Management LLC boosted its stake in Fiserv by 3.1% in the third quarter. Vectors Research Management LLC now owns 15,203 shares of the business services provider’s stock valued at $1,575,000 after acquiring an additional 451 shares in the last quarter. 92.62% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:FISV opened at $122.32 on Friday. Fiserv has a 1 year low of $81.62 and a 1 year high of $125.05. The business has a 50 day simple moving average of $119.17 and a two-hundred day simple moving average of $110.83. The firm has a market capitalization of $83.77 billion, a PE ratio of 67.58, a price-to-earnings-growth ratio of 1.75 and a beta of 0.80. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.08 and a quick ratio of 1.08.

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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Earnings History and Estimates for Fiserv (NASDAQ:FISV)

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