Fiserv Inc (FISV) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $1.06 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $1.02. The company posted revenue of $1331.00 million in the period, compared to analysts expectations of $1338.22 million. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 EPS.
Many Wall Street Analysts have commented on Fiserv Inc. Compass Point Initiated Fiserv Inc on Apr 15, 2016 to “Sell”, Price Target of the shares are set at $85.
Fiserv Inc opened for trading at $98.14 and hit $99.21 on the upside on Wednesday, eventually ending the session at $98.96, with a gain of 0.27% or 0.27 points. The heightened volatility saw the trading volume jump to 10,01,832 shares. Company has a market cap of $22,062 M.
In a different news, on Apr 21, 2016, Jeffery W Yabuki (President and CEO) sold 12,000 shares at $99.90 per share price. According to the SEC, on Feb 25, 2016, Lynn S. Mccreary (Chief Legal Officer) sold 5,283 shares at $97.62 per share price. On Feb 23, 2016, Thomas J Hirsch (Chief Financial Officer) sold 44,274 shares at $97.77 per share price, according to the Form-4 filing with the securities and exchange commission.
Fiserv Inc. (Fiserv) is a global provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services and related services including document and payment card production and distribution check processing and imaging source capture systems and lending and risk management products and services. The Companys Payments and Industry Products segment primarily provides debit credit and prepaid card processing and services electronic bill payment and presentment services Internet and mobile banking software and services person-to-person payment services and other electronic payments software and services. The Companys Financial Institution Services business segment provides account processing services item processing and source capture services loan origination and servicing products cash management and consulting services.