8-KEarnings & ResultsOther EventsExhibits & Filings

FISERV INC 8-K Report, Financial Results (Jan 31, 2007)

Filed January 31, 2007For Securities:FISV

Summary

Fiserv, Inc. (FISV) filed an 8-K on January 31, 2007, primarily to announce its financial results for the fourth quarter and full year ended December 31, 2006. While the specific financial details are within the referenced press release (Exhibit 99.1), this filing signals the company's performance update. Investors should look to the attached press release for key performance metrics, revenue, earnings, and any forward-looking guidance provided. Additionally, the company announced a significant capital allocation decision: its board of directors authorized the repurchase of an additional 10 million shares of common stock, effective immediately. This action indicates management's confidence in the company's valuation and its commitment to returning capital to shareholders. The completion of a prior 10 million share repurchase program also demonstrates ongoing share buyback activity.

Key Highlights

  • 1Fiserv announced its financial results for the quarter and year ended December 31, 2006.
  • 2The press release containing the financial results is attached as Exhibit 99.1.
  • 3The Board of Directors authorized an additional repurchase of 10 million shares of common stock.
  • 4The new share repurchase authorization is effective January 31, 2007, and does not expire.
  • 5Fiserv announced the completion of a previous 10 million share repurchase authorization.
  • 6This filing indicates active capital return to shareholders through share repurchases.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially report Fiserv's financial results for the quarter and full year ended December 31, 2006, and to announce a new share repurchase authorization by the board of directors.

The detailed financial results for the quarter and year ended December 31, 2006, are provided in the press release attached as Exhibit 99.1 to this Form 8-K. Investors should refer to that exhibit for specific revenue, earnings, and other financial performance data.

The authorization of an additional 10 million shares for repurchase signals management's belief that the company's stock may be undervalued and demonstrates a commitment to increasing shareholder value by reducing the number of outstanding shares. The fact that it does not expire suggests a potentially ongoing or long-term strategy for share buybacks.

Yes, Fiserv announced that it had completed the repurchase of 10 million shares under a previously authorized program, in addition to authorizing the new 10 million share repurchase program.