Brokerages predict that Fiserv, Inc. (NASDAQ:FISV) will post earnings of $1.30 per share for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have made estimates for Fiserv’s earnings, with the highest EPS estimate coming in at $1.33 and the lowest estimate coming in at $1.28. Fiserv posted earnings per share of $1.14 during the same quarter last year, which would indicate a positive year-over-year growth rate of 14%. The business is expected to issue its next earnings report on Wednesday, October 25th.

On average, analysts expect that Fiserv will report full-year earnings of $5.10 per share for the current year, with EPS estimates ranging from $5.04 to $5.13. For the next fiscal year, analysts anticipate that the firm will post earnings of $5.76 per share, with EPS estimates ranging from $5.65 to $5.89. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that follow Fiserv.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Tuesday, August 1st. The business services provider reported $1.19 EPS for the quarter, missing the Zacks’ consensus estimate of $1.23 by $0.04. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.42 billion. Fiserv had a net margin of 16.04% and a return on equity of 41.79%. The business’s revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.08 EPS.

Several analysts recently issued reports on the company. Cowen and Company reiterated a “hold” rating and set a $115.00 target price on shares of Fiserv in a report on Thursday, August 3rd. Royal Bank Of Canada upped their target price on Fiserv from $123.00 to $128.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 2nd. Barclays PLC reiterated an “equal weight” rating and set a $123.00 target price (up previously from $115.00) on shares of Fiserv in a report on Wednesday, August 2nd. BMO Capital Markets upped their target price on Fiserv from $112.00 to $133.00 and gave the stock a “market perform” rating in a report on Tuesday, August 1st. Finally, Credit Suisse Group upped their target price on Fiserv from $123.00 to $126.00 and gave the stock a “neutral” rating in a report on Wednesday, August 2nd. Nine analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $126.91.

Fiserv (NASDAQ FISV) opened at 124.08 on Tuesday. Fiserv has a one year low of $92.81 and a one year high of $129.35. The firm has a market cap of $26.84 billion, a price-to-earnings ratio of 30.37 and a beta of 0.81. The stock’s 50 day moving average price is $124.64 and its 200-day moving average price is $118.43.

In other news, insider Jeffery W. Yabuki sold 17,000 shares of the company’s stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $126.02, for a total value of $2,142,340.00. Following the transaction, the insider now owns 286,151 shares of the company’s stock, valued at $36,060,749.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 51,000 shares of company stock worth $6,339,810 in the last ninety days. 1.80% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. Savant Capital LLC increased its position in Fiserv by 0.5% in the first quarter. Savant Capital LLC now owns 2,138 shares of the business services provider’s stock valued at $247,000 after buying an additional 10 shares during the last quarter. Ropes Wealth Advisors LLC increased its position in Fiserv by 0.4% in the first quarter. Ropes Wealth Advisors LLC now owns 3,624 shares of the business services provider’s stock valued at $418,000 after buying an additional 13 shares during the last quarter. Elefante Mark B increased its position in Fiserv by 0.3% in the second quarter. Elefante Mark B now owns 5,715 shares of the business services provider’s stock valued at $699,000 after buying an additional 15 shares during the last quarter. Morgan Dempsey Capital Management LLC increased its position in Fiserv by 2.3% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,480 shares of the business services provider’s stock valued at $171,000 after buying an additional 33 shares during the last quarter. Finally, Nwam LLC increased its position in Fiserv by 1.9% in the second quarter. Nwam LLC now owns 1,871 shares of the business services provider’s stock valued at $229,000 after buying an additional 35 shares during the last quarter. 87.60% of the stock is currently owned by institutional investors.

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Fiserv Company Profile

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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