Fiserv (FISV) Releases FY19 Earnings Guidance

Fiserv (NASDAQ:FISV) updated its FY19 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $3.39-3.52 for the period, compared to the Thomson Reuters consensus estimate of $3.46. Fiserv also updated its FY 2019 guidance to $3.39-3.52 EPS.

Shares of FISV traded up $1.41 during mid-day trading on Wednesday, reaching $85.87. The company’s stock had a trading volume of 4,041,152 shares, compared to its average volume of 5,088,645. Fiserv has a 1-year low of $68.45 and a 1-year high of $91.19. The stock has a market cap of $32.71 billion, a price-to-earnings ratio of 27.73, a PEG ratio of 2.01 and a beta of 0.80. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 2.45.

Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Tuesday, April 30th. The business services provider reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.02. Fiserv had a return on equity of 50.83% and a net margin of 16.81%. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same period last year, the firm posted $0.76 EPS. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, analysts expect that Fiserv will post 3.45 earnings per share for the current year.

FISV has been the subject of a number of research reports. Wedbush lifted their price objective on shares of Fiserv from $85.00 to $95.00 and gave the company an outperform rating in a report on Tuesday, January 29th. Wolfe Research raised Fiserv from a market perform rating to an outperform rating in a research note on Thursday, January 17th. Royal Bank of Canada raised Fiserv from a sector perform rating to an outperform rating and set a $85.50 price target for the company in a research note on Monday, January 28th. Stephens upgraded Fiserv from an equal weight rating to an overweight rating and boosted their target price for the stock from $76.00 to $90.00 in a report on Wednesday, January 16th. Finally, SunTrust Banks restated a hold rating and issued a $85.21 target price on shares of Fiserv in a report on Tuesday, January 29th. One equities research 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. The company currently has a consensus rating of Hold and an average price target of $88.57.

In other Fiserv news, Director Denis Oleary sold 13,728 shares of Fiserv stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $85.08, for a total value of $1,167,978.24. Following the completion of the transaction, 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 Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kenneth Best sold 13,280 shares of Fiserv stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $84.95, for a total value of $1,128,136.00. Following the completion of the transaction, the insider now owns 38,364 shares in the company, valued at approximately $3,259,021.80. The disclosure for this sale can be found here. Insiders sold 157,912 shares of company stock worth $13,389,571 over the last quarter. Company insiders own 1.40% of the company’s stock.

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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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