Fiserv (NASDAQ:FISV) Releases FY 2022 Earnings Guidance

Fiserv (NASDAQ:FISVGet Rating) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided earnings per share guidance of $6.45-$6.55 for the period, compared to the consensus earnings per share estimate of $6.47. The company issued revenue guidance of -.

Fiserv Price Performance

NASDAQ:FISV traded down $0.58 during mid-day trading on Friday, hitting $106.08. The company’s stock had a trading volume of 2,943,739 shares, compared to its average volume of 3,470,537. The company has a market capitalization of $67.85 billion, a price-to-earnings ratio of 34.44, a P/E/G ratio of 1.22 and a beta of 0.88. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.66. Fiserv has a fifty-two week low of $87.03 and a fifty-two week high of $119.86. The stock has a fifty day moving average of $96.34 and a 200-day moving average of $98.20.

Fiserv (NASDAQ:FISVGet Rating) last issued its earnings results on Tuesday, July 26th. The business services provider reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.01. Fiserv had a return on equity of 12.40% and a net margin of 11.92%. The business had revenue of $4.45 billion during the quarter, compared to analysts’ expectations of $4.06 billion. During the same period in the prior year, the firm posted $1.37 EPS. Fiserv’s quarterly revenue was up 9.8% compared to the same quarter last year. As a group, equities analysts forecast that Fiserv will post 6.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on FISV shares. Keefe, Bruyette & Woods dropped their target price on shares of Fiserv from $135.00 to $115.00 in a research report on Monday, July 11th. Cowen cut shares of Fiserv from an outperform rating to a market perform rating and cut their target price for the company from $144.00 to $126.00 in a research note on Tuesday, April 12th. Wells Fargo & Company increased their price target on Fiserv to $100.00 and gave the stock an outperform rating in a research report on Wednesday, July 27th. Morgan Stanley raised their price target on Fiserv from $98.00 to $106.00 and gave the company an equal weight rating in a report on Wednesday, July 27th. Finally, The Goldman Sachs Group began coverage on Fiserv in a research note on Tuesday, May 17th. They issued a neutral rating and a $108.00 price objective on the stock. Eleven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average price target of $123.46.

Insider Transactions at Fiserv

In other Fiserv news, COO Guy Chiarello sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $105.09, for a total value of $3,152,700.00. Following the completion of the sale, the chief operating officer now owns 237,053 shares of the company’s stock, valued at $24,911,899.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Fiserv news, Director Holdings L.P. Valueact purchased 500,000 shares of the company’s stock in a transaction dated Friday, June 10th. The shares were bought at an average price of $94.18 per share, with a total value of $47,090,000.00. Following the completion of the transaction, the director now directly owns 14,147,776 shares in the company, valued at approximately $1,332,437,543.68. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Guy Chiarello sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $105.09, for a total value of $3,152,700.00. Following the completion of the transaction, the chief operating officer now owns 237,053 shares of the company’s stock, valued at $24,911,899.77. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 1,224,609 shares of company stock worth $113,982,154 and sold 49,000 shares worth $5,072,700. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Vista Investment Management lifted its holdings in shares of Fiserv by 2.9% in the first quarter. Vista Investment Management now owns 5,518 shares of the business services provider’s stock valued at $560,000 after purchasing an additional 155 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. lifted its stake in Fiserv by 4.5% in the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 6,990 shares of the business services provider’s stock valued at $709,000 after acquiring an additional 300 shares in the last quarter. Cadence Bank boosted its position in Fiserv by 1.9% during the 1st quarter. Cadence Bank now owns 15,963 shares of the business services provider’s stock worth $1,619,000 after acquiring an additional 300 shares during the last quarter. Covestor Ltd grew its stake in shares of Fiserv by 94.0% during the 1st quarter. Covestor Ltd now owns 745 shares of the business services provider’s stock worth $76,000 after acquiring an additional 361 shares in the last quarter. Finally, Ancora Advisors LLC acquired a new stake in shares of Fiserv in the first quarter valued at approximately $48,000. Institutional investors own 97.24% of the company’s stock.

Fiserv Company Profile

(Get Rating)

Fiserv, Inc, together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; Clover, a cloud-based point-of-sale and business management platform; and Clover Connect, an independent software vendors platform.

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Earnings History and Estimates for Fiserv (NASDAQ:FISV)

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