Key Developments: Fiserv Inc (FISV.O)
86.98USD
14 Jun 2013
$-0.92 (-1.04%)
$87.89
$87.99
$87.99
$86.60
437,463
564,837
$91.16
$67.95
Latest Key Developments (Source: Significant Developments)
Fiserv Inc Reaffirms FY 2013 Revenue Guidance; Lowers FY 2013 EPS Guidance
Fiserv Inc announced that it continues to expect fiscal 2013 adjusted revenue growth to be in excess of 10% and adjusted internal revenue growth to be in a range of 3% to 4%. Adjusted earnings per share (EPS) has been revised for the Club Solutions divestiture and is expected to be in a range of $5.84 to $6.03, which represents growth of 15% to 19% over 2012. The Company reported adjusted revenue of $4.20 billion in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $4.91 billion and EPS of $5.98 for fiscal 2013. Full Article
Fiserv Inc Partners with Eutron Invest Romania to Provide Cash and Logistics Solutions to Romanian Banks and Retailers-Investment Weekly News
Investment Weekly News reported that Fiserv Inc has announced a partnership with a Romanian solution integrator, Eutron Invest Romania, to provide the entire Cash and Logistics solution portfolio from Fiserv Inc to the Romanian market. The solution portfolio will primarily focus on the Integrated Currency Manager cash management system, Device Manager and CorPoint, the end-to-end cash management system for retailers, but will cover the full spectrum of cash and logistics needs. Mr. Dan Tone, General Manager of Eutron said that the partnership with Fiserv Inc enables Eutron to deliver a technology platform that will automate communication within the cash cycle. Mr. David McLaren, Business Development Director of Europe, the Middle East and Africa, Cash and Logistics, within Fiserv Inc said that the partnership with Eutron will help extend Fiserv Inc collective product and value added service offerings into the Romanian market. Full Article
Constellation Software Inc's Gary Jonas Computing Ltd Acquires Business Assets of Club Solutions from Fiserv Inc
Constellation Software Inc announced that its wholly-owned subsidiary, Gary Jonas Computing Ltd. (Jonas) has completed the acquisition of substantially all the business assets of Club Solutions from Fiserv, Inc. The acquisition of Club Solutions further expands Jonas' presence in the fitness, sports and leisure vertical. Full Article
Fiserv Inc Reaffirms FY 2013 Guidance
Fiserv Inc announced that for fiscal 2013, it expects total adjusted revenue growth to be in excess of 10% and adjusted internal revenue growth to be in a range of 3% to 4%. The Company also expects adjusted earnings per share (EPS) to be in a range of $5.88 to $6.07, which represents growth of 15% to 18% over $5.13 in fiscal 2012. The Company reported adjusted revenue of $4.20 billion in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $4.89 billion and EPS of $5.94 for fiscal 2013. Full Article
Broadway Bank Expands Relationship With Fiserv Inc
Fiserv Inc announced that Broadway Bank, headquartered in San Antonio, Texas, extended and expanded its relationship with Fiserv. Centered on the Signature bank platform for account processing, Broadway Bank chose an integrated technology suite from Fiserv consisting of solutions for payments, processing services, risk and compliance, business intelligence and customer and channel management. Full Article
Fiserv Inc Comments On FY 2013 Guidance-Conference Call
Fiserv Inc announced that for fiscal 2013, it expects total adjusted revenue will increase by more than 10%, internal adjusted revenue will grow in a range of 3% to 4% and adjusted EPS to grow in a range of 15% to 18%. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $4.745 billion and EPS of $5.78 for fiscal 2013. Full Article
Fiserv Inc Acquires Open Solutions Inc
Fiserv Inc announced that it has acquired Open Solutions Inc., a provider of collaborative, enterprise core account processing technology for financial institutions. The purchase price was $55 million, and Fiserv assumed approximately $960 million of debt. In conjunction with the acquisition, Fiserv will benefit from an acquired tax asset with a net present value at the time of purchase of approximately $165 million. Open Solutions is a Glastonbury, Conn.-based technology provider to banks, thrifts and credit unions. Through this acquisition, Fiserv will add several new technologies to its offerings, including DNA, a real-time, open technology account processing platform. Full Article
Geldservice Nederland B.V. Chooses Fiserv Inc's Cash And Logistics Technology Platform
Fiserv Inc announced that Geldservice Nederland B.V. (GSN) has selected Fiserv for cash and logistics technology platform. Founded in 2011, GSN ensures that the cash for the three major banks in the Netherlands is counted and distributed efficiently, accurately and securely, and that self-service device availability is maximized. GSN has selected a suite of Cash and Logistic Solutions from Fiserv including Integrated Currency Manager , Device Manager , Performance View and MatchPoint. Full Article
Fiserv Inc Reaffirms FY 2012 Guidance
Fiserv Inc announced that for fiscal 2012, it continues to expects adjusted revenue growth to be in a range of 4% to 6% and adjusted earnings per share (EPS) to be in a range of $5.08-$5.20, which represents growth of 11% to 14%. The Company reported revenues of $4.337 billion. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $4.537 billion and EPS of $5.18 for fiscal 2012. Full Article
MIDFLORIDA Credit Union Selects Acumen From Fiserv Inc
Fiserv Inc announced that MIDFLORIDA Credit Union, headquartered in Lakeland, Fla., has selected the Acumen account processing solution with in-house delivery. The credit union currently utilizes Nautilus for enterprise content management and Prologue for financial accounting, WireXchange for wire transfer processing, credit card processing services and added Fiserv solutions for consumer and commercial debit processing. Full Article
BRIEF-Fiserv down in extended trading after results
NEW YORK, April 30 - Fiserv Inc : * Shares down 1.3 percent in extended trading after results
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