Fiserv (NASDAQ:FISV) Updates FY 2022 Earnings Guidance

Fiserv (NASDAQ:FISVGet Rating) updated its FY 2022 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $6.45-$6.55 for the period, compared to the consensus estimate of $6.47. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FISV. Cowen lowered Fiserv from an outperform rating to a market perform rating and lowered their price target for the stock from $144.00 to $126.00 in a research note on Tuesday, April 12th. Wells Fargo & Company lifted their price objective on Fiserv to $100.00 and gave the stock an outperform rating in a research report on Wednesday, July 27th. Tigress Financial lifted their price objective on Fiserv from $150.00 to $152.00 in a research report on Friday, May 27th. The Goldman Sachs Group began coverage on Fiserv in a research report on Tuesday, May 17th. They set a neutral rating and a $108.00 price objective on the stock. Finally, Robert W. Baird reduced their price objective on Fiserv from $144.00 to $132.00 in a research report on Wednesday, July 13th. Eleven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $123.46.

Fiserv Price Performance

Shares of NASDAQ:FISV opened at $106.08 on Friday. Fiserv has a twelve month low of $87.03 and a twelve month high of $119.86. The firm has a market capitalization of $67.85 billion, a PE ratio of 34.44, a P/E/G ratio of 1.22 and a beta of 0.88. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.66. The company has a 50-day moving average price of $96.34 and a two-hundred day moving average price of $98.20.

Fiserv (NASDAQ:FISVGet Rating) last released its quarterly earnings results on Tuesday, July 26th. The business services provider reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.01. Fiserv had a net margin of 11.92% and a return on equity of 12.40%. The business had revenue of $4.45 billion for the quarter, compared to analysts’ expectations of $4.06 billion. During the same quarter in the previous year, the business posted $1.37 earnings per share. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. Equities analysts forecast that Fiserv will post 6.49 EPS for the current year.

Insider Transactions at Fiserv

In related news, COO Guy Chiarello sold 4,000 shares of the stock in a transaction on Wednesday, July 27th. The stock was sold at an average price of $105.00, for a total transaction of $420,000.00. Following the sale, the chief operating officer now owns 212,864 shares in the company, valued at approximately $22,350,720. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Holdings L.P. Valueact acquired 500,000 shares of the company’s stock in a transaction that occurred on Friday, June 10th. The shares were bought at an average price of $94.18 per share, with a total value of $47,090,000.00. Following the completion of the transaction, the director now directly owns 14,147,776 shares in the company, valued at $1,332,437,543.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Guy Chiarello sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $105.00, for a total value of $420,000.00. Following the sale, the chief operating officer now directly owns 212,864 shares in the company, valued at approximately $22,350,720. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 1,224,609 shares of company stock valued at $113,982,154 and have sold 49,000 shares valued at $5,072,700. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Fiserv

A number of institutional investors have recently added to or reduced their stakes in the stock. Atria Wealth Solutions Inc. purchased a new stake in Fiserv in the first quarter valued at about $620,000. Vista Investment Management raised its stake in Fiserv by 2.9% in the first quarter. Vista Investment Management now owns 5,518 shares of the business services provider’s stock valued at $560,000 after buying an additional 155 shares during the last quarter. Orion Portfolio Solutions LLC lifted its holdings in shares of Fiserv by 26.2% during the first quarter. Orion Portfolio Solutions LLC now owns 5,203 shares of the business services provider’s stock worth $528,000 after purchasing an additional 1,079 shares during the period. Horizon Investments LLC boosted its position in Fiserv by 18.6% in the first quarter. Horizon Investments LLC now owns 5,088 shares of the business services provider’s stock valued at $516,000 after buying an additional 798 shares during the last quarter. Finally, Fund Management at Engine No. 1 LLC acquired a new position in Fiserv in the 1st quarter worth approximately $510,000. Institutional investors 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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