) declared that it has improved its Signature bank portal,
especially for the clients in U.S financial organizations. The
company's advanced Signature 12.1 platform would optimize the
efficacy, heighten the growth prospects and minimize the risk
factor of these institutions.
Fiserv's customized portals will provide excellent facilities to
these financial institutions. They will be able to utilize various
types of pricing strategy for different types of clients in the
field of retail, commercial and wealth management. Several other
services such as developed commercial lending facility, high data
integration, improved customer services and secured accounting
shall also be rendered from Fiserv's platform.
Fiserv's management averred that its completely integrated
user-friendly solution would improve the account process management
and banking services of these institutions significantly and
augment its client base in future. Fiserv's integrated,
wide-ranging suite of products will boost its growth going
The company's adjusted revenues (excluding output solutions
postage reimbursements) amounted to $1.03 billion, rising 2.6% year
over year but remaining flat sequentially. Revenue growth across
the company's debit, account processing and lending businesses was
the primary cause for the annual rise in adjusted revenues in the
quarter. For the full year 2012, management projects an annual
adjusted revenue growth of 4% - 6% and adjusted internal revenue
growth of 3.0% - 4.5%.
However, it is always wise for Fiserv to be extra cautious of
competitive strides of its business rivals in the industry.
Formidable players to take note of in this regard include
Fidelity National Information Services, Inc.
Total System Services, Inc.
). Moreover, Fiserv faces an ongoing threat from billers and
self-sufficient financial institutions that develop and use their
own electronic payment transactions and Internet banking
The current Zacks Consensus Estimates for Fiserv are $1.27 and
$5.18 for the third quarter of 2012 and for 2012, respectively. The
estimates represent a year-over-year growth of 9.82% for the third
quarter and 13.06% for 2012. We currently have a long-term
recommendation of 'Neutral' for Fiserv. The stock also bears a
Zacks #3 Rank, which translates into a short-term rating of
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