Equities analysts predict that Fiserv Inc (NASDAQ:FISV) will announce $0.80 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Fiserv’s earnings, with estimates ranging from $0.79 to $0.84. Fiserv posted earnings of $0.75 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 6.7%. The company is scheduled to announce its next earnings results on Tuesday, July 30th.
According to Zacks, analysts expect that Fiserv will report full-year earnings of $3.45 per share for the current fiscal year, with EPS estimates ranging from $3.40 to $3.50. For the next year, analysts expect that the business will post earnings of $3.95 per share, with EPS estimates ranging from $3.82 to $4.76. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Fiserv.
Fiserv (NASDAQ:FISV) last posted its earnings results on Tuesday, April 30th. The business services provider reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.02. Fiserv had a return on equity of 50.83% and a net margin of 16.81%. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the previous year, the business earned $0.76 earnings per share. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis.
In other news, insider Jeffery W. Yabuki sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $88.95, for a total transaction of $177,900.00. Following the transaction, the insider now owns 371,429 shares of the company’s stock, valued at $33,038,609.55. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jeffery W. Yabuki sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $85.21, for a total value of $1,704,200.00. Following the transaction, the chief executive officer now directly owns 391,146 shares in the company, valued at approximately $33,329,550.66. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 92,000 shares of company stock worth $7,789,900. Insiders own 1.40% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. grew its stake in Fiserv by 0.8% in the first quarter. BlackRock Inc. now owns 31,604,338 shares of the business services provider’s stock worth $2,790,031,000 after purchasing an additional 258,945 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Fiserv by 3.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 23,638,292 shares of the business services provider’s stock worth $1,737,178,000 after purchasing an additional 845,558 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in Fiserv by 7,194.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 10,345,408 shares of the business services provider’s stock worth $141,000 after purchasing an additional 10,203,585 shares in the last quarter. FMR LLC grew its stake in Fiserv by 8.6% in the first quarter. FMR LLC now owns 6,516,935 shares of the business services provider’s stock worth $575,315,000 after purchasing an additional 513,992 shares in the last quarter. Finally, Egerton Capital UK LLP bought a new position in Fiserv in the first quarter worth approximately $568,121,000. 87.39% of the stock is currently owned by institutional investors.
NASDAQ FISV traded up $0.46 during trading hours on Friday, hitting $89.12. 80,799 shares of the company were exchanged, compared to its average volume of 3,254,757. The company has a debt-to-equity ratio of 2.45, a current ratio of 1.07 and a quick ratio of 1.07. Fiserv has a 52 week low of $68.45 and a 52 week high of $91.38. The stock has a market capitalization of $35.23 billion, a P/E ratio of 28.75, a PEG ratio of 2.17 and a beta of 0.78.
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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