$1.51 Billion in Sales Expected for Fiserv Inc (FISV) This Quarter

Equities analysts expect that Fiserv Inc (NASDAQ:FISV) will report sales of $1.51 billion for the current fiscal quarter, Zacks reports. Eight analysts have made estimates for Fiserv’s earnings, with the lowest sales estimate coming in at $1.50 billion and the highest estimate coming in at $1.54 billion. Fiserv reported sales of $1.43 billion during the same quarter last year, which would suggest a positive year over year growth rate of 5.6%. The firm is scheduled to report its next earnings results after the market closes on Wednesday, February 7th.

According to Zacks, 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 expect that the firm will report sales of $6.01 billion per share, with estimates ranging from $5.94 billion to $6.11 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for 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.

A number of equities analysts have issued reports on the stock. Zacks Investment Research cut shares of Fiserv from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Royal Bank of Canada restated a “hold” rating and set a $128.00 target price on shares of Fiserv in a research report on Sunday, October 8th. Robert W. Baird restated an “outperform” rating and set a $146.00 target price (up previously from $136.00) on shares of Fiserv in a research report on Tuesday, October 10th. Cowen restated a “hold” rating and set a $115.00 target price on shares of Fiserv in a research report on Thursday, October 12th. Finally, Cantor Fitzgerald restated a “hold” rating and set a $126.00 target price on shares of Fiserv in a research report on Wednesday, November 1st. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $133.72.

In other news, insider Kevin J. Schultz sold 3,439 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $131.51, for a total value of $452,262.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffery W. Yabuki sold 17,000 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $131.18, for a total transaction of $2,230,060.00. The disclosure for this sale can be found here. In the last three months, insiders sold 49,439 shares of company stock valued at $6,605,353. Company insiders own 1.80% of the company’s stock.

Large investors have recently bought and sold shares of the company. Sun Life Financial INC raised its position in shares of Fiserv by 11,838.5% in the second quarter. Sun Life Financial INC now owns 1,552 shares of the business services provider’s stock valued at $190,000 after buying 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. Paragon Capital Management Ltd acquired a new position in Fiserv during the third quarter worth approximately $206,000. Associated Banc Corp acquired a new position in Fiserv during the third quarter worth approximately $261,000. Finally, Crow Point Partners LLC increased its position in Fiserv by 247.0% during the third quarter. Crow Point Partners LLC now owns 2,186 shares of the business services provider’s stock worth $280,000 after purchasing an additional 1,556 shares during the last quarter. 88.50% of the stock is owned by institutional investors and hedge funds.

Shares of Fiserv (NASDAQ FISV) opened at $138.11 on Friday. The company has a market cap of $28,781.99, a PE ratio of 28.36, a P/E/G ratio of 2.10 and a beta of 0.82. Fiserv has a fifty-two week low of $104.51 and a fifty-two week high of $139.25. 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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About Fiserv

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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