Fiserv (FISV) Issues Quarterly Earnings Results, Meets Expectations

Fiserv (NASDAQ:FISV) announced its earnings results on Thursday. The business services provider reported $0.84 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.84, Bloomberg Earnings reports. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.55 billion. Fiserv had a net margin of 20.39% and a return on equity of 45.31%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.71 earnings per share. Fiserv updated its FY 2019 guidance to $3.39-3.52 EPS and its FY19 guidance to $3.39-$3.52 EPS.

FISV opened at $85.70 on Friday. The company has a market capitalization of $33.48 billion, a price-to-earnings ratio of 27.65, a PEG ratio of 2.00 and a beta of 0.82. Fiserv has a 1-year low of $66.89 and a 1-year high of $85.73. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.01 and a quick ratio of 1.01.

FISV has been the subject of several recent research reports. Edward Jones upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research report on Thursday, December 20th. Goldman Sachs Group upgraded shares of Fiserv from a “neutral” rating to a “buy” rating and boosted their target price for the company from $78.00 to $92.00 in a research report on Tuesday, December 11th. BidaskClub upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research report on Friday, October 19th. Buckingham Research initiated coverage on shares of Fiserv in a research report on Thursday. They set a “buy” rating and a $100.00 target price for the company. Finally, ValuEngine upgraded shares of Fiserv from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $86.49.



In other Fiserv news, insider Jeffery W. Yabuki sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 16th. The shares were sold at an average price of $71.20, for a total value of $3,560,000.00. Following the completion of the transaction, the insider now directly owns 273,314 shares in the company, valued at $19,459,956.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last quarter, insiders sold 150,000 shares of company stock valued at $11,106,000. Company insiders own 1.70% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. We Are One Seven LLC purchased a new position in shares of Fiserv in the fourth quarter worth $27,000. Destination Wealth Management purchased a new position in shares of Fiserv in the fourth quarter worth $30,000. WESPAC Advisors SoCal LLC purchased a new position in shares of Fiserv in the fourth quarter worth $31,000. Legacy Financial Advisors Inc. lifted its holdings in shares of Fiserv by 114.3% in the fourth quarter. Legacy Financial Advisors Inc. now owns 553 shares of the business services provider’s stock worth $41,000 after buying an additional 295 shares in the last quarter. Finally, Athena Capital Advisors LLC purchased a new position in shares of Fiserv in the fourth quarter worth $45,000. 87.10% of the stock is currently owned by hedge funds and other institutional investors.

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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 for Fiserv (NASDAQ:FISV)

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