Equities research analysts forecast that Fiserv Inc (NASDAQ:FISV) will announce $0.93 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Fiserv’s earnings. The lowest EPS estimate is $0.88 and the highest is $1.00. Fiserv reported earnings per share of $0.75 during the same quarter last year, which would suggest a positive year-over-year growth rate of 24%. The firm is scheduled to announce its next earnings results on Wednesday, October 30th.
On average, analysts expect that Fiserv will report full year earnings of $3.68 per share for the current fiscal year, with EPS estimates ranging from $3.44 to $3.82. For the next year, analysts anticipate that the company will post earnings of $4.61 per share, with EPS estimates ranging from $3.80 to $4.91. Zacks’ earnings per share averages are an average based on a survey of analysts that follow Fiserv.
Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.02. Fiserv had a net margin of 16.08% and a return on equity of 53.08%. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the business earned $0.75 EPS. The company’s revenue was up 6.5% on a year-over-year basis.
Several research analysts have issued reports on the stock. Northcoast Research raised shares of Fiserv from a “neutral” rating to a “buy” rating and set a $90.86 price objective on the stock in a research report on Wednesday, June 26th. Wells Fargo & Co assumed coverage on shares of Fiserv in a research report on Wednesday, June 19th. They set an “outperform” rating and a $110.00 price objective on the stock. Raymond James assumed coverage on shares of Fiserv in a research report on Friday, June 21st. They set an “outperform” rating and a $103.00 price objective on the stock. Wedbush raised their price objective on shares of Fiserv from $95.00 to $105.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Finally, Royal Bank of Canada set a $106.00 price objective on shares of Fiserv and gave the stock a “buy” rating in a research report on Friday, July 26th. Seven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $97.88.
Fiserv stock traded up $0.47 during midday trading on Friday, hitting $108.03. 975,695 shares of the company’s stock were exchanged, compared to its average volume of 8,460,092. Fiserv has a 12-month low of $68.45 and a 12-month high of $108.57. The company has a debt-to-equity ratio of 5.40, a quick ratio of 4.97 and a current ratio of 4.97. The stock has a market cap of $42.34 billion, a price-to-earnings ratio of 34.85, a price-to-earnings-growth ratio of 2.44 and a beta of 0.80. The firm’s 50 day simple moving average is $100.09 and its 200 day simple moving average is $90.15.
In other news, insider Jeffery W. Yabuki sold 20,000 shares of the company’s stock in a transaction on Wednesday, June 19th. The shares were sold at an average price of $89.23, for a total value of $1,784,600.00. Following the completion of the transaction, the insider now directly owns 354,929 shares in the company, valued at $31,670,314.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 60,000 shares of company stock valued at $5,733,600 over the last 90 days. Insiders own 1.40% of the company’s stock.
Several hedge funds have recently made changes to their positions in FISV. Bremer Bank National Association acquired a new stake in Fiserv in the first quarter valued at $25,000. Advantage Investment Management LLC raised its holdings in shares of Fiserv by 126.4% during the second quarter. Advantage Investment Management LLC now owns 335 shares of the business services provider’s stock worth $31,000 after purchasing an additional 187 shares during the period. Wealthcare Advisory Partners LLC raised its holdings in shares of Fiserv by 523.3% during the second quarter. Wealthcare Advisory Partners LLC now owns 374 shares of the business services provider’s stock worth $34,000 after purchasing an additional 314 shares during the period. Oakworth Capital Inc. acquired a new stake in shares of Fiserv during the second quarter worth $36,000. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Fiserv by 74.4% during the first quarter. Parkside Financial Bank & Trust now owns 464 shares of the business services provider’s stock worth $41,000 after purchasing an additional 198 shares during the period. Institutional investors and hedge funds own 87.43% of the company’s stock.
Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.
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