Company profile

Ticker
FISV
Exchange
Website
CEO
Jeffery W. Yabuki
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
391506125

FISV stock data

(
)

Calendar

8 May 20
9 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 3.77B 4.05B 3.13B 1.51B
Net income 377M 241M 225M 223M
Diluted EPS 0.57 0.32 0.33 0.56
Net profit margin 10.00% 5.96% 7.19% 14.75%
Operating income 629M 478M 374M 384M
Net change in cash 1M
Cash on hand 934M 933M
Cost of revenue
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 10.19B 5.82B 5.7B 5.51B
Net income 914M 1.19B 1.25B 930M
Diluted EPS 1.71 2.87 2.89 2.08
Net profit margin 8.97% 20.38% 21.88% 16.89%
Operating income 1.61B 1.75B 1.53B 1.45B
Net change in cash 518M
Cash on hand 933M 415M
Cost of revenue 2.32B 2.29B 2.21B

Financial data from Fiserv earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
19 Jun 20 Yabuki Jeffery W Common Stock Sell Dispose S No 101.61 2,500 254.03K 339,358
18 Jun 20 Guy Chiarello Common Stock Sell Dispose S No 103.72 10,000 1.04M 282,775
17 Jun 20 Yabuki Jeffery W Common Stock Sell Dispose S Yes 104.03 6,810 708.44K 305,537
17 Jun 20 Yabuki Jeffery W Common Stock Sell Dispose S Yes 103.47 13,970 1.45M 312,347
17 Jun 20 Yabuki Jeffery W Common Stock Sell Dispose S Yes 102.88 9,220 948.55K 326,317
16 Jun 20 Christopher M Foskett Common Stock Sell Dispose S No 102.41 22,500 2.3M 129,650
16 Jun 20 Christopher M Foskett Common Stock Option exercise Aquire M No 41.75 22,500 939.38K 152,150
16 Jun 20 Christopher M Foskett Employee Stock Option Common Stock Option exercise Dispose M No 41.75 22,500 939.38K 25,429
15 Jun 20 Alison Davis Common Stock Sell Dispose S No 99.64 4,000 398.56K 8,971
5 May 20 Christopher M Foskett Common Stock Gift Dispose G No 0 775 0 129,650
92.8% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 1140 1199 -4.9%
Opened positions 106 169 -37.3%
Closed positions 165 82 +101.2%
Increased positions 381 382 -0.3%
Reduced positions 501 487 +2.9%
13F shares
Current Prev Q Change
Total value 537.57B 501.22B +7.3%
Total shares 620.96M 627.11M -1.0%
Total puts 1.7M 1.11M +53.8%
Total calls 2.07M 1.45M +43.1%
Total put/call ratio 0.8 0.8 +7.5%
Largest owners
Shares Value Change
Kohlberg Kravis Roberts & Co. 110.43M $10.49B 0.0%
N Price T Rowe Associates 62.53M $5.94B +13.9%
Vanguard 47.15M $4.48B +2.9%
BLK BlackRock 43.18M $4.1B -0.1%
Massachusetts Financial Services 27.48M $2.61B +0.7%
STT State Street 23.67M $2.25B -0.0%
FMR 13.04M $1.24B +2.6%
Geode Capital Management 9.87M $935.51M -0.4%
Longview Partners 9.02M $856.46M +314.9%
FRLG Goldman Sachs 8.76M $831.87M -7.8%
Largest transactions
Shares Bought/sold Change
Capital International Investors 3.09M -9.52M -75.5%
N Price T Rowe Associates 62.53M +7.64M +13.9%
Longview Partners 9.02M +6.84M +314.9%
Norges Bank 0 -4.99M EXIT
Lazard Asset Management 6.02M +3.73M +162.6%
JPM JPMorgan Chase & Co. 8.63M -2.16M -20.0%
Eagle Capital Management 1.58M -1.96M -55.5%
BAC Bank of America 5.24M +1.73M +49.4%
Carmignac Gestion 376.44K -1.73M -82.1%
PointState Capital 506.54K -1.7M -77.0%

Financial report summary

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Risks
  • We operate in a competitive business environment and may not be able to compete effectively.
  • If we fail to keep pace with technological change we could lose clients or have trouble attracting new clients, and our ability to grow may be limited.
  • If we are unable to renew client contracts at favorable terms, we could lose clients and our results of operations and financial condition may be adversely affected.
  • Our business depends, in part, on our merchant and financial institution relationships and alliances, and if we are unable to maintain these relationships and alliances, our business may be adversely affected.
  • Consolidations in the banking and financial services industry could adversely affect our revenue by eliminating existing or potential clients and making us more dependent on fewer clients.
  • Security incidents or other technological risks involving our systems and data, or those of our clients, partners or vendors, could expose us to liability or damage our reputation.
  • Operational failures and resulting interruptions in the implementation or availability of our products or services could harm our business and reputation.
  • Disruptions of operations of other participants in the global financial system could prevent us from delivering our products and services.
  • Because we rely on third parties to provide products and services, we could be adversely impacted if they fail to fulfill their obligations.
  • Our merchants may be unable to satisfy obligations for which we may also be liable.
  • Fraud by merchants or others could have a material adverse effect on our business, results of operations and financial condition.
  • Our business may be adversely affected by geopolitical and other risks associated with operations outside of the United States and, as we continue to expand internationally, we may incur higher than anticipated costs and may become more susceptible to these risks.
  • A disruptive implementation of the United Kingdom’s exit from the European Union could adversely affect our results of operations.
  • Changes in card association and debit network fees or products could increase costs or otherwise limit our operations.
  • Our failure to comply with applicable complex laws and regulations could harm our businesses and subject us to liability.
  • If we fail to comply with the applicable requirements of the payment card networks and NACHA, they could seek to fine us, suspend us or terminate our registrations, which could adversely affect our business.
  • A heightened regulatory environment in the financial services industry may have an adverse impact on our clients and our business.
  • Legislative or regulatory initiatives on cybersecurity and data privacy could adversely impact our business and financial results.
  • We may be sued for infringing the intellectual property rights of others.
  • Misappropriation of our intellectual property and proprietary rights could impair our competitive position.
  • We may experience software defects, development delays or installation difficulties, which would harm our business and reputation and expose us to potential liability.
  • Acquisitions subject us to risks, including assumption of unforeseen liabilities and difficulties in integrating operations.
  • We may be obligated to indemnify the purchasers of businesses pursuant to the terms of the relevant purchase and sale agreements.
  • The failure to attract and retain key personnel could have a material adverse effect on our business.
  • Our business may be adversely impacted by U.S. and global market and economic conditions.
  • Our balance sheet includes significant amounts of goodwill and intangible assets. The impairment of a significant portion of these assets would negatively affect our results of operations.
  • Existing or future leverage may harm our financial condition and results of operations.
  • Our results of operations may be adversely affected by changes in foreign currency exchange rates.
  • Potential tariffs or trade wars could increase the cost of our products, which could adversely impact the competitiveness of our products and our financial results.
  • We may be unable to integrate the business of First Data successfully or realize the anticipated benefits of the acquisition.
  • The synergies attributable to the acquisition may vary from expectations.
  • We expect to incur substantial expenses related to the integration.
  • Our future results will suffer if we do not effectively manage our expanded operations.
  • The First Data transaction may result in a loss of customers, distributors, suppliers, vendors, landlords, joint venture partners or other business partners and may result in the termination of existing contracts.
  • New Omaha Holdings L.P. may sell a substantial amount of our common stock as certain restrictions on sales expire, and these sales could cause the price of our common stock to fall.
  • New Omaha may have influence over us and its interests may conflict with other shareholders.
Management Discussion
  • ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  • This quarterly report contains “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include those that express a plan, belief, expectation, estimation, anticipation, intent, contingency, future development or similar expression, and can generally be identified as forward-looking because they include words such as “believes,” “anticipates,” “expects,” “could,” “should” or words of similar meaning. Statements that describe our future plans, objectives or goals are also forward-looking statements. The forward-looking statements in this report involve significant risks and uncertainties, and a number of factors, both foreseen and unforeseen, could cause actual results to differ materially from our current expectations. The factors that may affect our results include, among others, the following, many of which are, and will be, amplified by the COVID-19 pandemic: the duration and intensity of the COVID-19 pandemic; governmental and private sector responses to the COVID-19 pandemic and the impact of such responses on us; the impact of the COVID-19 pandemic on our employees, clients, vendors, operations and sales; the possibility that we may be unable to achieve expected synergies and operating efficiencies from the acquisition of First Data Corporation (“First Data”) within the expected time frames or at all or to successfully integrate the operations of First Data into our operations; such integration may be more difficult, time-consuming or costly than expected; profitability following the transaction may be lower than expected, including due to unexpected costs, charges or expenses resulting from the transaction; operating costs, customer loss and business disruption (including, without limitation, difficulties in maintaining relationships with employees, customers, clients or suppliers) may be greater than expected following the transaction; unforeseen risks relating to our liabilities or those of First Data may exist; our ability to meet expectations regarding the accounting and tax treatments of the transaction; our ability to compete effectively against new and existing competitors and to continue to introduce competitive new products and services on a timely, cost-effective basis; changes in customer demand for our products and services; the ability of our technology to keep pace with a rapidly evolving marketplace; the successful management of our merchant alliance program which involves several alliances not under our sole control; the impact of a security breach or operational failure on our business including disruptions caused by other participants in the global financial system; the failure of our vendors and merchants to satisfy their obligations; the successful management of credit and fraud risks in our business and merchant alliances; changes in local, regional, national and international economic or political conditions and the impact they may have on us and our customers; the effect of proposed and enacted legislative and regulatory actions affecting us or the financial services industry as a whole; our ability to comply with government regulations and applicable card association and network rules; the protection and validity of intellectual property rights; the outcome of pending and future litigation and governmental proceedings; our ability to successfully identify, complete and integrate acquisitions, and to realize the anticipated benefits associated with the same; the impact of our strategic initiatives; our ability to attract and retain key personnel; volatility and disruptions in financial markets that may impact our ability to access preferred sources of financing and the terms on which we are able to obtain financing or increase our costs of borrowing; adverse impacts from currency exchange rates or currency controls; and other factors identified in this Quarterly Report on Form 10-Q for the quarter ended March 31, 2020, in our Annual Report on Form 10-K for the year ended December 31, 2019, and in other documents that we file with the Securities and Exchange Commission. You should consider these factors carefully in evaluating forward-looking statements and are cautioned not to place undue reliance on such statements, which speak only as of the date of this report. We undertake no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this report.
  • Management’s discussion and analysis of financial condition and results of operations is provided as a supplement to our unaudited consolidated financial statements and accompanying notes to help provide an understanding of our financial condition, the changes in our financial condition and our results of operations. Our discussion is organized as follows:
Content analysis ?
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Negative
Uncertain
Constraining
Legalese
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Readability
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