Wall Street analysts predict that Fiserv Inc (NASDAQ:FISV) will announce $3.79 billion in sales for the current quarter, Zacks reports. Two analysts have made estimates for Fiserv’s earnings. The highest sales estimate is $3.94 billion and the lowest is $3.64 billion. Fiserv reported sales of $1.41 billion in the same quarter last year, which indicates a positive year over year growth rate of 168.8%. The business is scheduled to issue its next quarterly earnings report on Wednesday, October 30th.

According to Zacks, analysts expect that Fiserv will report full year sales of $13.35 billion for the current financial year, with estimates ranging from $10.79 billion to $15.90 billion. For the next year, analysts expect that the business will report sales of $16.85 billion, with estimates ranging from $16.84 billion to $16.86 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Fiserv.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.02. Fiserv had a return on equity of 53.08% and a net margin of 16.08%. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period last year, the business posted $0.75 earnings per share. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year.

A number of analysts have recently issued reports on the company. Northcoast Research raised Fiserv from a “neutral” rating to a “buy” rating and set a $90.86 price target on the stock in a research note on Wednesday, June 26th. ValuEngine downgraded Fiserv from a “hold” rating to a “sell” rating in a report on Thursday, September 5th. Moffett Nathanson assumed coverage on Fiserv in a report on Tuesday, May 21st. They issued a “buy” rating and a $108.00 price objective on the stock. Susquehanna Bancshares assumed coverage on Fiserv in a report on Friday, May 31st. They issued a “neutral” rating and a $95.00 price objective on the stock. Finally, Citigroup upgraded Fiserv from a “neutral” rating to a “buy” rating in a report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-one have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $100.72.

In related news, insider Jeffery W. Yabuki sold 20,000 shares of the company’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $94.25, for a total value of $1,885,000.00. Following the completion of the sale, the insider now directly owns 331,429 shares of the company’s stock, valued at approximately $31,237,183.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Christopher M. Foskett sold 5,000 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $106.36, for a total value of $531,800.00. Following the completion of the sale, the executive vice president now directly owns 140,248 shares of the company’s stock, valued at $14,916,777.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 136,000 shares of company stock valued at $13,905,850. Insiders own 1.40% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in FISV. Advisor Partners LLC boosted its position in Fiserv by 1.0% during the second quarter. Advisor Partners LLC now owns 11,526 shares of the business services provider’s stock worth $1,051,000 after purchasing an additional 112 shares during the period. First Allied Advisory Services Inc. boosted its holdings in shares of Fiserv by 5.0% during the second quarter. First Allied Advisory Services Inc. now owns 2,609 shares of the business services provider’s stock worth $238,000 after purchasing an additional 125 shares during the last quarter. Thoroughbred Financial Services LLC boosted its holdings in shares of Fiserv by 4.4% during the first quarter. Thoroughbred Financial Services LLC now owns 3,089 shares of the business services provider’s stock worth $273,000 after purchasing an additional 130 shares during the last quarter. Tortoise Index Solutions LLC boosted its holdings in shares of Fiserv by 6.7% during the second quarter. Tortoise Index Solutions LLC now owns 2,243 shares of the business services provider’s stock worth $204,000 after purchasing an additional 141 shares during the last quarter. Finally, Cetera Advisors LLC boosted its holdings in shares of Fiserv by 1.7% during the first quarter. Cetera Advisors LLC now owns 9,302 shares of the business services provider’s stock worth $821,000 after purchasing an additional 152 shares during the last quarter. 87.43% of the stock is owned by hedge funds and other institutional investors.

FISV stock traded down $0.67 during trading on Tuesday, hitting $103.22. 161,479 shares of the company traded hands, compared to its average volume of 3,708,241. The stock’s 50-day simple moving average is $105.10 and its 200 day simple moving average is $92.42. The company has a debt-to-equity ratio of 5.40, a current ratio of 4.97 and a quick ratio of 4.97. The company has a market cap of $40.75 billion, a PE ratio of 33.30, a P/E/G ratio of 2.30 and a beta of 0.79. Fiserv has a 1 year low of $68.45 and a 1 year high of $109.92.

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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Earnings History and Estimates for Fiserv (NASDAQ:FISV)

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