Equities research analysts predict that Fiserv Inc (NASDAQ:FISV) will announce $1.05 earnings per share for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Fiserv’s earnings, with the lowest EPS estimate coming in at $0.96 and the highest estimate coming in at $1.11. Fiserv reported earnings per share of $0.84 in the same quarter last year, which would indicate a positive year over year growth rate of 25%. The company is expected to issue its next quarterly earnings results on Tuesday, May 5th.

On average, analysts expect that Fiserv will report full year earnings of $4.96 per share for the current year, with EPS estimates ranging from $4.91 to $5.01. For the next financial year, analysts forecast that the firm will report earnings of $5.88 per share, with EPS estimates ranging from $5.76 to $6.00. Zacks’ EPS averages are a mean average based on a survey of research firms that follow Fiserv.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Tuesday, February 4th. The business services provider reported $1.13 EPS for the quarter, missing the Zacks’ consensus estimate of $1.14 by ($0.01). The company had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $4.06 billion. Fiserv had a return on equity of 11.78% and a net margin of 8.77%. The company’s revenue for the quarter was up 160.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.96 earnings per share.

A number of research analysts have recently commented on FISV shares. JPMorgan Chase & Co. started coverage on shares of Fiserv in a report on Wednesday, October 30th. They issued a “neutral” rating and a $119.00 price target on the stock. Zacks Investment Research upgraded shares of Fiserv from a “hold” rating to a “buy” rating and set a $117.00 price target on the stock in a report on Monday, November 11th. Oppenheimer restated a “buy” rating and issued a $140.00 price target (up from $130.00) on shares of Fiserv in a report on Tuesday, February 4th. Morgan Stanley started coverage on shares of Fiserv in a report on Monday, December 16th. They issued an “equal weight” rating and a $121.00 price target on the stock. Finally, Cfra upped their price target on shares of Fiserv from $121.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $123.82.

Shares of NASDAQ FISV traded down $1.71 during mid-day trading on Friday, reaching $121.84. The company had a trading volume of 3,283,316 shares, compared to its average volume of 3,009,947. The business’s 50-day moving average is $119.91 and its 200-day moving average is $111.39. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.62. The stock has a market cap of $83.12 billion, a price-to-earnings ratio of 67.32, a price-to-earnings-growth ratio of 1.73 and a beta of 0.80. Fiserv has a 52 week low of $81.62 and a 52 week high of $125.05.

In other Fiserv news, CEO Jeffery W. Yabuki sold 45,000 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $114.29, for a total transaction of $5,143,050.00. Following the completion of the sale, the chief executive officer now directly owns 869,809 shares of the company’s stock, valued at $99,410,470.61. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Guy Chiarello sold 30,000 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $114.28, for a total transaction of $3,428,400.00. Following the sale, the insider now directly owns 326,103 shares of the company’s stock, valued at $37,267,050.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 128,500 shares of company stock valued at $14,847,120. 1.40% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its position in shares of Fiserv by 4.7% during the fourth quarter. Geode Capital Management LLC now owns 9,905,414 shares of the business services provider’s stock valued at $1,143,285,000 after buying an additional 440,941 shares during the last quarter. Equitable Holdings Inc. purchased a new stake in shares of Fiserv during the fourth quarter valued at about $1,039,000. Profund Advisors LLC lifted its position in shares of Fiserv by 11.3% during the fourth quarter. Profund Advisors LLC now owns 55,738 shares of the business services provider’s stock valued at $6,445,000 after buying an additional 5,678 shares during the last quarter. Intact Investment Management Inc. purchased a new stake in shares of Fiserv during the fourth quarter valued at about $578,000. Finally, Capital World Investors lifted its position in shares of Fiserv by 24.1% during the fourth quarter. Capital World Investors now owns 7,745,176 shares of the business services provider’s stock valued at $895,575,000 after buying an additional 1,502,688 shares during the last quarter. 92.92% of the stock is owned by institutional investors and hedge funds.

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.

Featured Article: Commodities

Get a free copy of the Zacks research report on Fiserv (FISV)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Fiserv (NASDAQ:FISV)

Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter.