Fiserv Inc (FISV) Expected to Announce Quarterly Sales of $1.50 Billion

Brokerages predict that Fiserv Inc (NASDAQ:FISV) will report sales of $1.50 billion for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for Fiserv’s earnings. The highest sales estimate is $1.54 billion and the lowest is $1.42 billion. Fiserv posted sales of $1.44 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 4.2%. The company is scheduled to report its next earnings results on Tuesday, May 7th.

On average, analysts expect that Fiserv will report full-year sales of $6.15 billion for the current fiscal year, with estimates ranging from $5.89 billion to $6.23 billion. For the next financial year, analysts anticipate that the business will report sales of $6.44 billion, with estimates ranging from $6.15 billion to $6.55 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 released its quarterly earnings data on Thursday, February 7th. The business services provider reported $0.84 earnings per share for the quarter, hitting the consensus estimate of $0.84. Fiserv had a net margin of 20.39% and a return on equity of 47.56%. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period in the previous year, the business earned $0.71 EPS. Fiserv’s revenue for the quarter was up 2.3% compared to the same quarter last year.

FISV has been the subject of several analyst reports. Goldman Sachs Group raised shares of Fiserv from a “neutral” rating to a “buy” rating and increased their target price for the stock from $78.00 to $92.00 in a report on Tuesday, December 11th. Edward Jones raised shares of Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, December 20th. ValuEngine raised shares of Fiserv from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Zacks Investment Research lowered shares of Fiserv from a “hold” rating to a “sell” rating in a report on Thursday, January 3rd. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and set a $73.00 price objective on shares of Fiserv in a report on Wednesday, January 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. Fiserv has a consensus rating of “Buy” and a consensus price target of $86.49.

Shares of NASDAQ:FISV traded down $0.49 during trading on Tuesday, hitting $84.60. The company’s stock had a trading volume of 5,069,271 shares, compared to its average volume of 5,661,360. The stock has a market capitalization of $33.80 billion, a PE ratio of 27.29, a price-to-earnings-growth ratio of 2.08 and a beta of 0.82. Fiserv has a 12 month low of $68.43 and a 12 month high of $87.26. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.60.

In related news, insider Jeffery W. Yabuki sold 50,000 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $19,459,956.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Kim M. Robak sold 10,904 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $87.01, for a total transaction of $948,757.04. Following the completion of the transaction, the director now directly owns 85,610 shares of the company’s stock, valued at $7,448,926.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 187,912 shares of company stock valued at $14,746,371. 1.70% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of FISV. Davis R M Inc. bought a new stake in Fiserv in the fourth quarter worth $401,000. Sandy Spring Bank lifted its position in Fiserv by 5.8% in the fourth quarter. Sandy Spring Bank now owns 2,724 shares of the business services provider’s stock worth $200,000 after buying an additional 150 shares during the last quarter. Eagle Asset Management Inc. lifted its position in Fiserv by 20.4% in the third quarter. Eagle Asset Management Inc. now owns 8,120 shares of the business services provider’s stock worth $668,000 after buying an additional 1,375 shares during the last quarter. First Hawaiian Bank lifted its position in Fiserv by 31.9% in the fourth quarter. First Hawaiian Bank now owns 1,414 shares of the business services provider’s stock worth $104,000 after buying an additional 342 shares during the last quarter. Finally, BTIM Corp. lifted its position in Fiserv by 20.2% in the fourth quarter. BTIM Corp. now owns 73,035 shares of the business services provider’s stock worth $5,368,000 after buying an additional 12,275 shares during the last quarter. 87.58% of the stock is owned by hedge funds and other institutional investors.

About Fiserv

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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