Fiserv (FISV) Posts Quarterly Earnings Results, Beats Estimates By $0.08 EPS
Fiserv (NASDAQ:FISV) posted its quarterly earnings results on Tuesday. The company reported $0.82 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.74 by $0.08, Stock Ratings Network.com reports. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the prior year, the company posted $0.67 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. Fiserv updated its FY14 guidance to $3.28-3.37 EPS.
Shares of Fiserv (NASDAQ:FISV) traded up 1.25% on Tuesday, hitting $57.50. The stock had a trading volume of 1,699,389 shares. Fiserv has a 52-week low of $42.30 and a 52-week high of $59.29. The stock has a 50-day moving average of $56.99 and a 200-day moving average of $56.07. The company has a market cap of $14.633 billion and a price-to-earnings ratio of 23.35.
A number of research firms have recently commented on FISV. Analysts at Zacks reiterated a “neutral” rating on shares of Fiserv in a research note on Thursday, April 24th. They now have a $59.00 price target on the stock. On the ratings front, analysts at Ned Davis Research upgraded shares of Fiserv from a “neutral” rating to a “buy” rating in a research note on Monday, March 3rd. Finally, analysts at Argus raised their price target on shares of Fiserv from $63.00 to $67.00 in a research note on Tuesday, February 25th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. Fiserv presently has a consensus rating of “Hold” and an average price target of $89.23.
Fiserv, Inc (NASDAQ:FISV) is a global provider of financial services technology.
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