Fiserv Inc (FISV) Expected to Announce Quarterly Sales of $1.50 Billion

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Analysts predict that Fiserv Inc (NASDAQ:FISV) will post sales of $1.50 billion for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Fiserv’s earnings. The highest sales estimate is $1.54 billion and the lowest is $1.42 billion. Fiserv reported sales of $1.44 billion in the same quarter last year, which would suggest a positive year over year growth rate of 4.2%. The firm is expected to issue its next earnings report on Tuesday, May 7th.

On average, analysts expect that Fiserv will report full-year sales of $6.15 billion for the current financial year, with estimates ranging from $5.89 billion to $6.23 billion. For the next year, analysts expect that the firm will report sales of $6.44 billion, with estimates ranging from $6.15 billion to $6.55 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Fiserv.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Thursday, February 7th. The business services provider reported $0.84 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.84. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.55 billion. Fiserv had a return on equity of 47.56% and a net margin of 20.39%. Fiserv’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.71 earnings per share.

FISV has been the subject of a number of recent research reports. Zacks Investment Research downgraded Fiserv from a “hold” rating to a “sell” rating in a report on Thursday, January 3rd. Cantor Fitzgerald reiterated a “hold” rating and set a $73.00 price target on shares of Fiserv in a report on Wednesday, January 16th. Edward Jones upgraded Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, December 20th. Oppenheimer upgraded Fiserv from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $74.50 to $88.00 in a report on Friday, January 18th. Finally, SunTrust Banks reiterated a “hold” rating and set a $85.21 price target on shares of Fiserv in a report on Tuesday, January 29th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $86.49.

In other news, insider Jeffery W. Yabuki sold 50,000 shares of the stock in a transaction dated Wednesday, January 16th. The shares were sold at an average price of $71.20, for a total transaction of $3,560,000.00. Following the transaction, the insider now owns 273,314 shares of the company’s stock, valued at approximately $19,459,956.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kenneth Best sold 13,280 shares of the stock in a transaction dated Wednesday, February 27th. The stock was sold at an average price of $84.95, for a total transaction of $1,128,136.00. Following the transaction, the insider now directly owns 38,364 shares in the company, valued at approximately $3,259,021.80. The disclosure for this sale can be found here. Insiders have sold a total of 177,008 shares of company stock worth $13,797,614 in the last three months. Insiders own 1.70% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Fiserv during the 4th quarter worth about $288,462,000. Actinver Wealth Management Inc. bought a new position in shares of Fiserv during the 4th quarter worth about $681,000. Teacher Retirement System of Texas boosted its position in shares of Fiserv by 41.2% during the 4th quarter. Teacher Retirement System of Texas now owns 725,770 shares of the business services provider’s stock worth $53,337,000 after purchasing an additional 211,591 shares in the last quarter. Princeton Global Asset Management LLC bought a new position in shares of Fiserv during the 4th quarter worth about $761,000. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Fiserv during the 4th quarter worth about $579,000. 86.44% of the stock is currently owned by institutional investors.

NASDAQ FISV traded up $1.46 on Tuesday, reaching $86.96. The company had a trading volume of 250,447 shares, compared to its average volume of 5,660,746. The company has a market capitalization of $33.71 billion, a price-to-earnings ratio of 28.03, a PEG ratio of 2.08 and a beta of 0.82. Fiserv has a fifty-two week low of $68.43 and a fifty-two week high of $87.22. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.60.

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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