Fiserv Inc (FISV) Expected to Announce Quarterly Sales of $1.51 Billion

Analysts expect that Fiserv Inc (NASDAQ:FISV) will post sales of $1.51 billion for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for Fiserv’s earnings, with estimates ranging from $1.50 billion to $1.54 billion. Fiserv reported sales of $1.43 billion during the same quarter last year, which would indicate a positive year over year growth rate of 5.6%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, February 14th.

On average, analysts expect that Fiserv will report full-year sales of $1.51 billion for the current year, with estimates ranging from $5.68 billion to $5.72 billion. For the next fiscal year, analysts forecast that the company will post sales of $6.01 billion per share, with estimates ranging from $5.94 billion to $6.11 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Fiserv.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Tuesday, October 31st. The business services provider reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.03). The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Fiserv had a return on equity of 43.56% and a net margin of 16.31%. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.14 EPS.

Several analysts have issued reports on the stock. Zacks Investment Research raised shares of Fiserv from a “sell” rating to a “hold” rating in a report on Monday, October 16th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $128.00 price target on shares of Fiserv in a report on Sunday, October 8th. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $126.00 price target on shares of Fiserv in a report on Wednesday, November 1st. Robert W. Baird reaffirmed a “buy” rating and issued a $136.00 price target on shares of Fiserv in a report on Friday, September 8th. Finally, Cowen reaffirmed a “hold” rating and issued a $115.00 price target on shares of Fiserv in a report on Thursday, October 12th. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $130.41.

In other news, insider Jeffery W. Yabuki sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $128.35, for a total value of $256,700.00. Following the completion of the transaction, the insider now owns 236,835 shares of the company’s stock, valued at $30,397,772.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Byron C. Vielehr sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $131.03, for a total transaction of $1,310,300.00. Following the completion of the transaction, the insider now directly owns 19,719 shares of the company’s stock, valued at approximately $2,583,780.57. The disclosure for this sale can be found here. Insiders sold 32,439 shares of company stock worth $4,182,003 in the last ninety days. Insiders own 1.80% of the company’s stock.

Several large investors have recently bought and sold shares of FISV. Parallel Advisors LLC raised its position in shares of Fiserv by 8.2% in the second quarter. Parallel Advisors LLC now owns 849 shares of the business services provider’s stock valued at $109,000 after buying an additional 64 shares during the last quarter. Acrospire Investment Management LLC acquired a new position in Fiserv during the second quarter worth approximately $122,000. Sun Life Financial INC increased its position in Fiserv by 11,838.5% during the second quarter. Sun Life Financial INC now owns 1,552 shares of the business services provider’s stock worth $190,000 after purchasing an additional 1,539 shares during the last quarter. Coastline Trust Co acquired a new position in Fiserv during the third quarter worth approximately $202,000. Finally, Trustmark National Bank Trust Department acquired a new position in Fiserv during the second quarter worth approximately $204,000. 88.47% of the stock is owned by institutional investors and hedge funds.

Fiserv (NASDAQ:FISV) traded up $0.38 during mid-day trading on Tuesday, reaching $132.34. 747,400 shares of the company were exchanged, compared to its average volume of 867,708. The stock has a market capitalization of $27,500.39, a P/E ratio of 27.10, a P/E/G ratio of 2.26 and a beta of 0.82. Fiserv has a 52-week low of $104.51 and a 52-week high of $133.36. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.14.

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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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