Brokerages expect Fiserv Inc (NASDAQ:FISV) to report $1.45 billion in sales for the current quarter, Zacks reports. Eight analysts have issued estimates for Fiserv’s earnings. The highest sales estimate is $1.48 billion and the lowest is $1.42 billion. Fiserv posted sales of $1.39 billion in the same quarter last year, which suggests a positive year over year growth rate of 4.3%. The firm is expected to announce its next earnings results on Wednesday, April 25th.
According to Zacks, analysts expect that Fiserv will report full year sales of $1.45 billion for the current year, with estimates ranging from $5.80 billion to $5.97 billion. For the next financial year, analysts anticipate that the firm will report sales of $6.15 billion per share, with estimates ranging from $6.01 billion to $6.31 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Fiserv.
Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.03. Fiserv had a return on equity of 44.58% and a net margin of 21.88%. The firm had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same period last year, the firm posted $1.16 EPS. The business’s revenue was up 5.9% on a year-over-year basis.
In other news, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $141.57, for a total value of $2,406,690.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Byron C. Vielehr sold 10,000 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $131.03, for a total value of $1,310,300.00. Following the completion of the transaction, the insider now owns 19,719 shares in the company, valued at $2,583,780.57. The disclosure for this sale can be found here. Insiders sold a total of 73,160 shares of company stock valued at $10,037,582 over the last three months. Insiders own 1.80% of the company’s stock.
Several large investors have recently bought and sold shares of FISV. Victory Capital Management Inc. boosted its position in shares of Fiserv by 14.5% in the 3rd quarter. Victory Capital Management Inc. now owns 26,861 shares of the business services provider’s stock worth $3,464,000 after purchasing an additional 3,393 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Fiserv by 74.8% in the 3rd quarter. Bessemer Group Inc. now owns 3,642 shares of the business services provider’s stock worth $470,000 after purchasing an additional 1,559 shares during the last quarter. Candriam Luxembourg S.C.A. boosted its position in shares of Fiserv by 14.3% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 23,075 shares of the business services provider’s stock worth $2,976,000 after purchasing an additional 2,881 shares during the last quarter. Global X MANAGEMENT CO LLC boosted its position in shares of Fiserv by 76.2% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 12,555 shares of the business services provider’s stock worth $1,619,000 after purchasing an additional 5,430 shares during the last quarter. Finally, Sei Investments Co. boosted its position in shares of Fiserv by 6.4% in the 3rd quarter. Sei Investments Co. now owns 132,988 shares of the business services provider’s stock worth $17,151,000 after purchasing an additional 8,035 shares during the last quarter. Institutional investors and hedge funds own 89.49% of the company’s stock.
Shares of Fiserv (NASDAQ FISV) opened at $147.64 on Tuesday. Fiserv has a twelve month low of $113.29 and a twelve month high of $148.65. The firm has a market capitalization of $30,770.00, a price-to-earnings ratio of 33.25, a P/E/G ratio of 2.07 and a beta of 0.83. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.79.
Fiserv shares are going to split on Tuesday, March 20th. The 2-1 split was announced on Thursday, February 22nd. The newly created shares will be distributed to shareholders after the market closes on Monday, March 19th.
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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