Brokerages forecast that Fiserv Inc (NASDAQ:FISV) will report earnings per share of $0.81 for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Fiserv’s earnings, with estimates ranging from $0.79 to $0.84. Fiserv posted earnings of $0.75 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 8%. The business is scheduled to announce its next earnings results on Tuesday, July 30th.

On average, analysts expect that Fiserv will report full year earnings of $3.46 per share for the current fiscal year, with EPS estimates ranging from $3.40 to $3.50. For the next fiscal year, analysts forecast that the business will post earnings of $3.97 per share, with EPS estimates ranging from $3.82 to $4.76. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Fiserv.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Tuesday, April 30th. The business services provider reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.02. Fiserv had a net margin of 16.81% and a return on equity of 50.83%. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the prior year, the business posted $0.76 EPS. Fiserv’s quarterly revenue was up 4.3% on a year-over-year basis.

A number of research analysts recently issued reports on FISV shares. Keefe, Bruyette & Woods started coverage on shares of Fiserv in a research note on Monday, April 8th. They issued a “market perform” rating and a $101.00 target price on the stock. William Blair reiterated an “outperform” rating on shares of Fiserv in a research note on Wednesday, May 1st. Zacks Investment Research upgraded shares of Fiserv from a “sell” rating to a “hold” rating in a research note on Wednesday, April 17th. Oppenheimer upgraded shares of Fiserv from a “market perform” rating to an “outperform” rating and raised their target price for the company from $74.50 to $88.00 in a research note on Friday, January 18th. Finally, BidaskClub upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research note on Saturday, March 30th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the stock. Fiserv has a consensus rating of “Hold” and a consensus target price of $88.57.

NASDAQ:FISV traded down $0.48 during midday trading on Friday, reaching $87.30. The stock had a trading volume of 2,876,618 shares, compared to its average volume of 5,050,188. Fiserv has a 1-year low of $68.45 and a 1-year high of $91.19. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 2.45. The firm has a market capitalization of $33.70 billion, a PE ratio of 28.16, a PEG ratio of 2.07 and a beta of 0.80.

In other Fiserv news, Director Denis Oleary sold 13,728 shares of the stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $85.08, for a total value of $1,167,978.24. Following the completion of the sale, the director now directly owns 52,014 shares of the company’s stock, valued at approximately $4,425,351.12. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Kenneth Best sold 13,280 shares of the stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $84.95, for a total transaction of $1,128,136.00. Following the completion of the sale, the insider now directly owns 38,364 shares of the company’s stock, valued at $3,259,021.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 177,912 shares of company stock valued at $15,099,371. Insiders own 1.40% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in shares of Fiserv by 0.8% during the 1st quarter. BlackRock Inc. now owns 31,604,338 shares of the business services provider’s stock worth $2,790,031,000 after acquiring an additional 258,945 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Fiserv by 3.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 23,638,292 shares of the business services provider’s stock worth $1,737,178,000 after acquiring an additional 845,558 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in shares of Fiserv by 7,194.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 10,345,408 shares of the business services provider’s stock worth $141,000 after acquiring an additional 10,203,585 shares during the period. FMR LLC lifted its holdings in shares of Fiserv by 8.6% during the 1st quarter. FMR LLC now owns 6,516,935 shares of the business services provider’s stock worth $575,315,000 after acquiring an additional 513,992 shares during the period. Finally, Egerton Capital UK LLP bought a new position in shares of Fiserv during the 1st quarter worth about $568,121,000. 90.56% of the stock is owned by institutional investors.

Fiserv Company Profile

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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