Zacks: Analysts Expect Fiserv Inc (FISV) Will Post Quarterly Sales of $1.43 Billion

Equities analysts forecast that Fiserv Inc (NASDAQ:FISV) will post $1.43 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for Fiserv’s earnings, with the highest sales estimate coming in at $1.45 billion and the lowest estimate coming in at $1.42 billion. Fiserv posted sales of $1.40 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 2.1%. The business is expected to announce its next quarterly earnings results on Tuesday, October 30th.

According to Zacks, analysts expect that Fiserv will report full year sales of $5.83 billion for the current fiscal year, with estimates ranging from $5.79 billion to $5.87 billion. For the next year, analysts expect that the company will report sales of $6.08 billion per share, with estimates ranging from $6.03 billion to $6.12 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Fiserv.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Tuesday, July 31st. The business services provider reported $0.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.01. Fiserv had a net margin of 25.14% and a return on equity of 44.25%. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period last year, the firm earned $0.57 EPS. The business’s quarterly revenue was up 2.5% compared to the same quarter last year.



Several research analysts have commented on FISV shares. Cantor Fitzgerald reissued a “hold” rating and issued a $73.00 price target on shares of Fiserv in a report on Wednesday, August 1st. JPMorgan Chase & Co. downgraded shares of Fiserv from a “neutral” rating to an “underweight” rating and set a $95.00 price target for the company. in a report on Tuesday. Deutsche Bank raised their price target on shares of Fiserv from $63.50 to $71.00 and gave the company a “hold” rating in a report on Wednesday, August 1st. BidaskClub raised shares of Fiserv from a “buy” rating to a “strong-buy” rating in a report on Friday, June 8th. Finally, Wolfe Research started coverage on shares of Fiserv in a report on Tuesday, July 17th. They issued a “market perform” rating for the company. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $75.90.

Shares of NASDAQ:FISV opened at $79.03 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.69. Fiserv has a one year low of $59.85 and a one year high of $80.00. The firm has a market capitalization of $32.09 billion, a price-to-earnings ratio of 30.87, a PEG ratio of 2.20 and a beta of 0.77.

In other news, insider Jeffery W. Yabuki sold 50,000 shares of the firm’s stock in a transaction on Wednesday, June 20th. The shares were sold at an average price of $76.34, for a total transaction of $3,817,000.00. Following the sale, the insider now owns 567,380 shares in the company, valued at approximately $43,313,789.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Kim M. Robak sold 10,388 shares of the firm’s stock in a transaction on Wednesday, May 30th. The shares were sold at an average price of $72.92, for a total transaction of $757,492.96. Following the sale, the director now owns 85,094 shares in the company, valued at approximately $6,205,054.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 110,388 shares of company stock worth $8,425,993. Corporate insiders own 1.70% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan raised its position in Fiserv by 100.0% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 10,880 shares of the business services provider’s stock worth $776,000 after purchasing an additional 5,440 shares during the period. Oak Ridge Investments LLC raised its position in Fiserv by 92.6% in the 1st quarter. Oak Ridge Investments LLC now owns 52,168 shares of the business services provider’s stock worth $3,720,000 after purchasing an additional 25,086 shares during the period. Citigroup Inc. raised its position in Fiserv by 97.3% in the 1st quarter. Citigroup Inc. now owns 521,732 shares of the business services provider’s stock worth $37,204,000 after purchasing an additional 257,243 shares during the period. State of Alaska Department of Revenue raised its position in Fiserv by 26.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 71,638 shares of the business services provider’s stock worth $5,306,000 after purchasing an additional 14,920 shares during the period. Finally, Eqis Capital Management Inc. raised its position in Fiserv by 9.3% in the 2nd quarter. Eqis Capital Management Inc. now owns 34,588 shares of the business services provider’s stock worth $2,563,000 after purchasing an additional 2,931 shares during the period. Hedge funds and other institutional investors own 89.17% of the company’s stock.

Fiserv Company Profile

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; 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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Earnings History and Estimates for Fiserv (NASDAQ:FISV)

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