Latest news with #Fiserv
Yahoo
4 hours ago
- Business
- Yahoo
Fiserv's Clover delves into healthcare
This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Dive Brief: Payments processing giant Fiserv said on Monday that its small business-focused point-of-sale system Clover will offer a service specifically for healthcare providers for the first time. Clover will launch PracticePay, a payment system intended for use by small and medium-sized healthcare companies, in early 2026, a Monday news release said. The upcoming service is the result of a collaboration between Clover and Valhalla, New York-based software company Rectangle Health, according to the release. Dive Insight: Healthcare companies can currently access the same Clover service available to other businesses, but this will be the first time Clover will offer a product customized to a healthcare providers' specific needs, a Fiserv spokesperson said. The spokesperson declined to say how many of Clover's customers are in the healthcare field and whether or not Fiserv has worked with other healthcare companies. Milwaukee-based Fiserv acquired Clover when it bought First Data Corporation in 2019. The point-of-sale service is mostly known for working with restaurants and retailers. The payment processing company has ambitious goals for the Clover platform, and has taken recent steps to expand its scope, including targeting high-end restaurants and partnering with buy now, pay later company Klarna to offer installment loans. PracticePay will be designed to comply with the data and privacy laws that govern the healthcare space and will offer an array of payment features to healthcare consumers, including recurring billing and financing options, as well as payment through text messages, QR codes and online payment portals, the news release said. The upcoming platform will be available for a range of healthcare fields, including primary care, dental and behavioral health, according to the news release. 'Healthcare is an important vertical for the banking industry, and with this new solution, we are enabling our financial institution partners to better serve a critical customer base within their communities,' Katie Whalen, senior vice president of small business strategy for Fiserv, said in the news release. Recommended Reading Fiserv reaffirms Clover revenue goal Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 hours ago
- Business
- Yahoo
Fiserv (FI) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
Fiserv (FI) reported $5.2 billion in revenue for the quarter ended June 2025, representing a year-over-year increase of 8.4%. EPS of $2.47 for the same period compares to $2.13 a year ago. The reported revenue represents a surprise of -0.03% over the Zacks Consensus Estimate of $5.2 billion. With the consensus EPS estimate being $2.41, the EPS surprise was +2.49%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Fiserv performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Adjusted Revenue- Merchant Solutions: $2.64 billion compared to the $2.69 billion average estimate based on nine analysts. Adjusted Revenue- Financial Solutions: $2.55 billion compared to the $2.52 billion average estimate based on nine analysts. Revenue- Product: $1.21 billion versus $1.06 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +25.3% change. Revenue- Corporate and Other: $320 million compared to the $336 million average estimate based on five analysts. Revenue- Processing and services: $4.3 billion compared to the $4.45 billion average estimate based on five analysts. The reported number represents a change of +4% year over year. Operating income- Corporate and Other: $-462 million compared to the $-512.86 million average estimate based on three analysts. Operating income- Financial Solutions: $1.24 billion versus $1.27 billion estimated by three analysts on average. Operating income- Merchant Solutions: $914 million versus the three-analyst average estimate of $991.11 million. View all Key Company Metrics for Fiserv here>>> Shares of Fiserv have returned -3.9% over the past month versus the Zacks S&P 500 composite's +5.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Fiserv, Inc. (FI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
5 hours ago
- Business
- CNBC
Trade Tracker: Jenny Harrington buys more Fiserv
Jenny Harrington, CEO Gilman Hill Asset Management, joins CNBC's "Halftime Report" to explain why she's buying more Fiserv as the stock hits a 52-week low.
Bloomberg
7 hours ago
- Business
- Bloomberg
Fiserv Shares Fall Most Since 2000 as Merchant Growth Misses
Fiserv Inc.'s stock is plunging Wednesday after the financial-technology company reported lackluster growth in its merchant business. The shares sank as much as 23%, the biggest intraday decline since October 2000, before pulling back slightly. It's been a dismal four months for Fiserv, which is down more than 40% from a record close in early March, fueled by growth disappointment and general macroeconomic uncertainty.
Yahoo
9 hours ago
- Business
- Yahoo
Fiserv Stock Tumbles As Outlook Softens Despite Deal With TD
Fiserv, Inc (NYSE:FI) stock tumbled Wednesday after it reported fiscal second-quarter 2025 results. The company reported quarterly revenue growth of 8% year-over-year to $5.52 billion, beating the analyst consensus estimate of $5.20 billion. Growth was 10% in the Merchant Solutions segment and 7% in the Financial Solutions segment. Adjusted revenue increased 8% year-over-year to $5.20 billion. The financial technology and services provider's adjusted EPS of $2.47 beat the analyst consensus estimate of $2.43. The quarterly adjusted EPS increased by 16% over the same period last revenue grew 8%, led by 9% growth in Merchant Solutions and 7% in Financial Solutions. View more earnings on FI The adjusted operating margin increased by 120 bps Y/Y to 39.6%. Adjusted operating margin decreased 200 basis points Y/Y to 34.6% in the Merchant Solutions segment. The margin increased 280 bps Y/Y to 48.7% in the Financial Solutions segment. Acquistion Fiserv expanded its presence in Canada by signing a multi-year Strategic Managed Services agreement with TD Bank Group. The agreement enables TD Merchant Solutions to adopt Fiserv's technology, including the Clover point-of-sale system, for its merchant operations. The deal strengthens Fiserv's Canadian ties and opens new opportunities to scale Clover hardware and software solutions. Fiserv also signed a purchase agreement to acquire part of TD's Canadian merchant processing business, adding about 3,400 merchant relationships and 30,000 locations to its portfolio. These merchants will migrate to Fiserv's processing platform and use Clover, reinforcing the company's commitment to serving small and mid-sized businesses with innovative technology. The companies expect the transaction to close later this year, pending customary approvals. Financial details remain undisclosed. FY25 Outlook Fiserv expects organic revenue growth of approximately 10% (prior 10%-12%) and adjusted EPS outlook of $10.15-$10.30 (prior $10.10-$10.30), representing growth of 15%-17% Y/Y versus the $10.20 analyst consensus estimate. Fiserv stock plunged over 19% year-to-date. S&P 500 Index (where Fiserv is a constituent) gained over 7%. Multiple Wall Street firms slashed their price forecasts on the stock in 2025. Price Action: FI stock is down 21.30% at $130.65 at last check Wednesday. Photo via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? FISERV (FI): Free Stock Analysis Report This article Fiserv Stock Tumbles As Outlook Softens Despite Deal With TD originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
