Last €55.08 EUR
Change Today +0.65 / 1.19%
Volume 90.0
As of 3:24 PM 10/31/14 All times are local (Market data is delayed by at least 15 minutes).

fiserv inc (FIV) Snapshot

Open
€55.14
Previous Close
€54.43
Day High
€55.40
Day Low
€55.03
52 Week High
10/31/14 - €55.40
52 Week Low
11/1/13 - €38.46
Market Cap
13.4B
Average Volume 10 Days
180.9
EPS TTM
--
Shares Outstanding
244.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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Current Stock Chart for FISERV INC (FIV)

fiserv inc (FIV) Details

Fiserv, Inc., together with its subsidiaries, provides financial services technology worldwide. The company’s Payments and Industry Products segment offers electronic bill payment and presentment, card-based transaction processing and network services, ACH transaction processing, account-to-account transfer products, and person-to-person payments; Internet and mobile banking systems; 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. This segment also provides investment account processing services for separately managed accounts, card and print personalization services, and fraud and risk management products and services. Its Financial Institution Services segment offers account processing services, item processing and source capture services, loan origination and servicing products, cash management and consulting services, and other products and services that support various types of financial transactions to banks, thrifts, and credit unions. The company also provides consumer and business payments solutions, such as account-to-account transfer, account opening and funding, data aggregation, small business invoicing and payments, and person-to-person payments services. It serves banks, thrifts, credit unions, investment management firms, leasing and finance companies, retailers, merchants, and government agencies. Fiserv, Inc. was founded in 1984 and is headquartered in Brookfield, Wisconsin.

21,000 Employees
Last Reported Date: 02/20/14
Founded in 1984

fiserv inc (FIV) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $840.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $475.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $575.0K
Executive Vice President and Group President ...
Total Annual Compensation: $420.0K
Executive Vice President and Group President ...
Total Annual Compensation: $39.2K
Compensation as of Fiscal Year 2013.

fiserv inc (FIV) Key Developments

Fiserv, Inc. Announces the Launch of Popmoney for Disbursements

Fiserv, Inc. announced the launch of Popmoney for Disbursements, a new service that streamlines and speeds the currently check-dominated process used by businesses to send payments to consumers. The new service is part of a suite of products anchored by the Popmoney personal payment service that facilitates electronic payments between people and other people, people and businesses, and businesses and other businesses. Popmoney for Disbursements is targeted to businesses that make frequent payments, also known as disbursements, as well as financial institution treasury departments that make payments on behalf of corporate clients. While the service is primarily intended for use by businesses to pay consumers, it can also be used to pay other businesses. Examples of users and payment types include: Insurers -- For sending claim payments to insured customers - Utilities -- For overpayment or deposit refunds - Lenders - For overpayment refunds to borrowers and dealers - Manufacturers/Retailers - For consumer rebates - Government Agencies - For federal and state benefit payments and tax refunds. Most of these types of payments are currently made via mailed checks, an expensive and inefficient process. Businesses must pay for check printing and mailing and manually track check payments. And consumers typically have to wait 7 to 10 days from check issuance until they have access to their funds. It historically has been difficult to send these payments through more efficient electronic channels because businesses often lack payment recipients' bank account information. With Popmoney for Disbursements, a company or financial institution treasury department can send money to a recipient using their email address or mobile phone number as an identifier, making it possible to send money electronically without knowing the recipient's bank account number. Payment recipients receive an email or text notifying them that they have been sent money with instructions on how to pick up the funds. The consumer inputs their account number or debit card number via an online registration that uses bank-grade security and the money is deposited through Popmoney directly into their bank account. The company or treasury department also has the option of sending money directly using the recipient's bank account number or debit card number, if available. Because these payments are made through electronic channels rather than paper check, they are more cost effective, easier to track and are received more quickly. Instant and next-day delivery options are available. Popmoney for Disbursements is available for installation now, and a software development kit (SDK) facilitates easy integration into a company's or financial institution's existing platforms.

Fiserv, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Full Year 2014 and Tax Rate Guidance for the Fourth Quarter of 2014

Fiserv, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company's total revenue was $1,263 million against $1,201 million a year ago. Operating income was $315 million against $280 million a year ago. Income from continuing operations before income taxes and income from investment in unconsolidated affiliate was $274 million against $239 million a year ago. Income from continuing operations was $239 million or $0.95 diluted per share against $161 million or $0.61 diluted per share a year ago. Net income was $239 million or $0.95 diluted per share against $159 million or $0.61 diluted per share a year ago. Adjusted income from continuing operations was $216 million or $0.86 diluted per share against $205 million or $0.78 diluted per share a year ago. Adjusted revenue was $1,187 million against $1,137 million a year ago. Adjusted operating income was $370 million against $347 million a year ago. For the nine months, the company's total revenue was $3,750 million against $3,551 million a year ago. Operating income was $893 million against $764 million a year ago. Income from continuing operations before income taxes and income from investment in unconsolidated affiliate was $771 million against $641 million a year ago. Income from continuing operations was $573 million or $2.25 diluted per share against $430 million or $1.61 diluted per share a year ago. Net income was $573 million or $2.25 diluted per share against $427 million or $1.60 diluted per share a year ago. Adjusted income from continuing operations was $632 million or $2.48 diluted per share against $587 million or $2.19 diluted per share a year ago. Adjusted revenue was $3,515 million against $3,361 million a year ago. Adjusted operating income was $1,072 million against $1,002 million a year ago. Net cash provided by operating activities was $960 million against $681 million a year ago. Capital expenditures, including capitalization of software costs were $225 million against $171 million a year ago. Free cash flow per share in the first 9 months of the year was up 18% to $2.65. The company continues to expect 2014 adjusted revenue growth in a range of 4% to 5% and adjusted internal revenue growth of 4% to 4.5%. The company now expects 2014 adjusted earnings per share to be in a range of $3.34 to $3.38, which represents growth of 12% to 13% over $2.99 in 2013. The company expects fourth quarter adjusted effective tax rate to be approximately 36.5%.

Fiserv, Inc. Adds Document-to-Document Comparisons Within the LoanComplete to Reduce Investor and Regulatory Risks, Improve Loan Quality

Fiserv, Inc. announced that the Comparalytics module within the LoanComplete(TM) suite of product solutions, which already completes the standard document-to-system data comparison, now compares documents to any and all other documents associated with the loan file, regardless of the type of document. The Comparalytics module works with existing data sources to proactively identify and flag data mismatches between other systems, documents, data sources and the original documents, allowing real-time insight for corrections. With the recent update, the benefits of ensuring consistency of data by comparing loan document content against the loan origination system (LOS), automated underwriting system (AUS), servicing system and other systems of record, is now extended to comparing document content directly to any and all other documents in the loan file. Using LoanComplete, primary documents can be designated to serve as the main data source for comparison to other documents (secondary documents) in the same loan file. For example, information contained in the final documents can be used as the source data to verify that the information contained in the initial disclosures and application information is consistent, accurate and that the document sets are complete. The document-to-document comparison feature further ensures the quality and consistency of the data in the loan file by flagging and addressing errors prior to the sale of a loan or servicing rights to an investor, significantly mitigating downstream investor repurchase risks, mortgage servicing rights (MSR) transfer delays, and regulatory compliance challenges. LoanComplete from Fiserv is a patent-pending, life-of-loan solution suite that supports compliance and automates time-consuming processes through enhancements to existing loan origination, loan servicing and regulatory compliance systems. LoanComplete simplifies loan origination and servicing in today's increasingly complex lending environment and delivers a solution that combines standardized workflow processing with enterprise content management and customized data analytics.

 

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Industry Analysis

FIV

Industry Average

Valuation FIV Industry Range
Price/Earnings 22.2x
Price/Sales 3.4x
Price/Book 5.0x
Price/Cash Flow 21.1x
TEV/Sales 2.5x
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