Fiserv (FISV) Updates FY19 Earnings Guidance

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Fiserv (NASDAQ:FISV) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share guidance of $3.39-$3.52 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.48. Fiserv also updated its FY 2019 guidance to $3.39-3.52 EPS.

Shares of NASDAQ:FISV traded up $1.69 during trading hours on Friday, reaching $85.70. The stock had a trading volume of 5,730,153 shares, compared to its average volume of 9,147,586. Fiserv has a 1 year low of $66.89 and a 1 year high of $85.73. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.81. The company has a market cap of $33.48 billion, a PE ratio of 27.65, a P/E/G ratio of 2.00 and a beta of 0.82.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Thursday, February 7th. The business services provider reported $0.84 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.84. Fiserv had a net margin of 20.39% and a return on equity of 45.31%. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the prior year, the firm posted $0.71 EPS. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. As a group, equities research analysts expect that Fiserv will post 3.51 EPS for the current year.

A number of equities research analysts have commented on FISV shares. Edward Jones raised shares of Fiserv from a hold rating to a buy rating in a research report on Thursday, December 20th. Goldman Sachs Group raised shares of Fiserv from a neutral rating to a buy rating and increased their price objective for the company from $78.00 to $92.00 in a research report on Tuesday, December 11th. BidaskClub raised shares of Fiserv from a hold rating to a buy rating in a research report on Friday, October 19th. Buckingham Research started coverage on shares of Fiserv in a research report on Thursday. They issued a buy rating and a $100.00 price objective on the stock. Finally, ValuEngine raised shares of Fiserv from a sell rating to a hold rating in a research report on Wednesday, January 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the stock. Fiserv has an average rating of Buy and an average target price of $86.49.

In other news, insider Jeffery W. Yabuki sold 50,000 shares of the company’s stock in a transaction on Wednesday, January 16th. The shares were sold at an average price of $71.20, for a total value of $3,560,000.00. Following the completion of the transaction, the insider now owns 273,314 shares in the company, valued at approximately $19,459,956.80. The sale was disclosed in a document filed with the SEC, which is available at this link. In the last 90 days, insiders sold 150,000 shares of company stock valued at $11,106,000. Company insiders own 1.70% of the company’s stock.

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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; 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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