Fiserv, Inc. (NASDAQ:FISV) Expected to Announce Quarterly Sales of $4.06 Billion

Wall Street brokerages predict that Fiserv, Inc. (NASDAQ:FISVGet Rating) will report sales of $4.06 billion for the current fiscal quarter, Zacks reports. Ten analysts have made estimates for Fiserv’s earnings. The highest sales estimate is $4.18 billion and the lowest is $3.97 billion. Fiserv posted sales of $3.86 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.2%. The business is expected to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Fiserv will report full year sales of $16.49 billion for the current fiscal year, with estimates ranging from $16.31 billion to $16.63 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $17.76 billion, with estimates ranging from $17.45 billion to $18.75 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Fiserv.

Fiserv (NASDAQ:FISVGet Rating) last released its quarterly earnings data on Wednesday, April 27th. The business services provider reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.05. The firm had revenue of $4.14 billion during the quarter, compared to analyst estimates of $3.85 billion. Fiserv had a return on equity of 12.05% and a net margin of 10.23%. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.17 earnings per share.

A number of brokerages recently commented on FISV. Loop Capital began coverage on Fiserv in a research note on Monday, May 2nd. They issued a “buy” rating and a $125.00 price target for the company. Rosenblatt Securities dropped their price target on Fiserv from $131.00 to $127.00 and set a “buy” rating for the company in a research note on Wednesday, February 9th. Cowen lowered Fiserv from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $144.00 to $126.00 in a research note on Tuesday, April 12th. TheStreet upgraded Fiserv from a “c+” rating to a “b” rating in a report on Thursday, April 28th. Finally, Wells Fargo & Company initiated coverage on Fiserv in a report on Monday, April 4th. They issued an “overweight” rating and a $122.00 price objective for the company. Ten analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, Fiserv has a consensus rating of “Buy” and an average target price of $126.96.

Shares of FISV stock opened at $95.71 on Monday. The stock has a fifty day moving average of $99.34 and a 200 day moving average of $101.30. Fiserv has a 52 week low of $89.91 and a 52 week high of $119.86. The firm has a market capitalization of $62.41 billion, a price-to-earnings ratio of 37.39, a PEG ratio of 1.15 and a beta of 0.79. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.64.

In other Fiserv news, Director Holdings L.P. Valueact acquired 112,575 shares of Fiserv stock in a transaction that occurred on Monday, May 2nd. The stock was bought at an average cost of $94.90 per share, for a total transaction of $10,683,367.50. Following the acquisition, the director now owns 13,147,776 shares of the company’s stock, valued at $1,247,723,942.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Guy Chiarello sold 10,000 shares of the firm’s stock in a transaction dated Monday, March 28th. The stock was sold at an average price of $100.04, for a total value of $1,000,400.00. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. Riverview Trust Co bought a new stake in shares of Fiserv during the 1st quarter valued at about $29,000. Capital Advisors Ltd. LLC bought a new stake in shares of Fiserv during the 4th quarter valued at about $30,000. Advocacy Wealth Management Services LLC grew its stake in shares of Fiserv by 100.0% during the 1st quarter. Advocacy Wealth Management Services LLC now owns 294 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 147 shares during the period. Parkside Investments LLC bought a new position in shares of Fiserv during the 1st quarter valued at approximately $30,000. Finally, Bell Investment Advisors Inc bought a new position in shares of Fiserv during the 3rd quarter valued at approximately $31,000. Institutional investors and hedge funds own 97.24% of the company’s stock.

About Fiserv (Get Rating)

Fiserv, Inc, together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; Clover, a cloud-based point-of-sale and business management platform; and Clover Connect, an independent software vendors platform.

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Earnings History and Estimates for Fiserv (NASDAQ:FISV)

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