Zacks: Analysts Anticipate Fiserv Inc (FISV) Will Post Earnings of $1.37 Per Share

Brokerages predict that Fiserv Inc (NASDAQ:FISV) will report earnings per share (EPS) of $1.37 for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for Fiserv’s earnings. The lowest EPS estimate is $1.34 and the highest is $1.42. Fiserv posted earnings of $1.16 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 18.1%. The company is expected to issue its next quarterly earnings results on Wednesday, February 14th.

On average, analysts expect that Fiserv will report full-year earnings of $5.08 per share for the current year, with EPS estimates ranging from $5.04 to $5.12. For the next year, analysts anticipate that the business will report earnings of $5.73 per share, with EPS estimates ranging from $5.64 to $5.83. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Fiserv.

Fiserv (NASDAQ:FISV) last posted its earnings results on Tuesday, October 31st. The business services provider reported $1.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.30 by ($0.03). The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.45 billion. Fiserv had a net margin of 16.31% and a return on equity of 43.56%. The business’s revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.14 EPS.

FISV has been the topic of several research analyst reports. Zacks Investment Research cut shares of Fiserv from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $126.00 price objective on shares of Fiserv in a research note on Wednesday, November 1st. Royal Bank of Canada reaffirmed a “hold” rating and set a $128.00 price objective on shares of Fiserv in a research note on Sunday, October 8th. Cowen reaffirmed a “hold” rating and set a $115.00 price objective on shares of Fiserv in a research note on Thursday, October 12th. Finally, Barclays reaffirmed a “hold” rating and set a $141.00 price objective on shares of Fiserv in a research note on Friday. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $131.70.

In other news, insider Jeffery W. Yabuki sold 2,000 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $128.35, for a total transaction of $256,700.00. Following the sale, the insider now directly owns 236,835 shares of the company’s stock, valued at $30,397,772.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kevin J. Schultz sold 3,439 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $131.51, for a total transaction of $452,262.89. The disclosure for this sale can be found here. Insiders have sold 49,439 shares of company stock worth $6,412,063 over the last ninety days. Insiders own 1.80% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in FISV. Janus Henderson Group PLC grew its stake in shares of Fiserv by 267.7% during the second quarter. Janus Henderson Group PLC now owns 1,868,168 shares of the business services provider’s stock valued at $228,551,000 after purchasing an additional 1,360,102 shares during the last quarter. Longview Partners Guernsey LTD grew its stake in shares of Fiserv by 23.3% during the third quarter. Longview Partners Guernsey LTD now owns 5,391,519 shares of the business services provider’s stock valued at $695,290,000 after purchasing an additional 1,020,121 shares during the last quarter. Voya Investment Management LLC lifted its holdings in Fiserv by 116.6% in the second quarter. Voya Investment Management LLC now owns 1,665,267 shares of the business services provider’s stock valued at $203,729,000 after buying an additional 896,418 shares during the period. BlackRock Inc. lifted its holdings in Fiserv by 3.7% in the second quarter. BlackRock Inc. now owns 14,873,800 shares of the business services provider’s stock valued at $1,819,663,000 after buying an additional 528,274 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Fiserv by 2.5% in the second quarter. Vanguard Group Inc. now owns 21,301,552 shares of the business services provider’s stock valued at $2,606,032,000 after buying an additional 518,262 shares during the period. 88.47% of the stock is currently owned by institutional investors and hedge funds.

Fiserv (FISV) traded up $1.85 during midday trading on Tuesday, reaching $133.26. 748,000 shares of the company were exchanged, compared to its average volume of 719,267. The company has a market capitalization of $27,385.77, a PE ratio of 31.65, a P/E/G ratio of 1.99 and a beta of 0.82. Fiserv has a twelve month low of $104.51 and a twelve month high of $133.40. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.01 and a current ratio of 1.01.

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About Fiserv

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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