Brokerages expect Fiserv Inc (NASDAQ:FISV) to report $1.45 billion in sales for the current quarter, Zacks reports. Eight analysts have provided estimates for Fiserv’s earnings. The lowest sales estimate is $1.42 billion and the highest is $1.48 billion. Fiserv reported sales of $1.39 billion during the same quarter last year, which would suggest a positive year over year growth rate of 4.3%. The business is expected to report its next earnings report on Wednesday, April 25th.
On average, analysts expect that Fiserv will report full year sales of $1.45 billion for the current fiscal year, with estimates ranging from $5.80 billion to $5.97 billion. For the next year, analysts forecast that the firm will post sales of $6.15 billion per share, with estimates ranging from $6.01 billion to $6.31 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for Fiserv.
Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.41 EPS for the quarter, topping the consensus estimate of $1.38 by $0.03. The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Fiserv had a net margin of 21.88% and a return on equity of 44.58%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.16 EPS.
In related news, Director Harry Disimone bought 353 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were acquired at an average cost of $141.59 per share, for a total transaction of $49,981.27. Following the purchase, the director now directly owns 154 shares of the company’s stock, valued at $21,804.86. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jeffery W. Yabuki sold 17,000 shares of the company’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $131.18, for a total transaction of $2,230,060.00. The disclosure for this sale can be found here. Insiders have sold a total of 63,160 shares of company stock worth $8,727,282 over the last quarter. 1.80% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of the business. Virtue Capital Management LLC purchased a new stake in shares of Fiserv in the 4th quarter worth approximately $116,000. ARK Investment Management LLC purchased a new stake in shares of Fiserv in the 4th quarter worth approximately $118,000. Coastline Trust Co purchased a new stake in shares of Fiserv in the 3rd quarter worth approximately $202,000. Univest Corp of Pennsylvania purchased a new stake in shares of Fiserv in the 4th quarter worth approximately $202,000. Finally, Biltmore Family Office LLC purchased a new stake in shares of Fiserv in the 4th quarter worth approximately $203,000. Institutional investors and hedge funds own 89.49% of the company’s stock.
Shares of Fiserv (NASDAQ:FISV) traded up $0.77 during mid-day trading on Tuesday, reaching $148.44. 1,501,481 shares of the company’s stock traded hands, compared to its average volume of 1,239,877. The stock has a market cap of $30,493.26, a PE ratio of 25.46, a P/E/G ratio of 2.06 and a beta of 0.83. Fiserv has a 1-year low of $113.29 and a 1-year high of $148.91. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.02 and a current ratio of 1.02.
Shares of Fiserv are going to split on the morning of Tuesday, March 20th. The 2-1 split was announced on Thursday, February 22nd. The newly created shares will be distributed to shareholders after the closing bell on Monday, March 19th.
Fiserv Company Profile
Fiserv, Inc is a provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services, such as electronic bill payments, transaction processing, account-to-account transfers, and person-to-person payments; Internet and mobile banking systems, and related services, including document and payment card production and distribution, and lending and risk management products and services.
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