Fiserv (NYSE:FI – Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 8.650-8.800 for the period, compared to the consensus EPS estimate of 8.710. The company issued revenue guidance of -. Fiserv also updated its FY24 guidance to $8.65 to $8.80 EPS.
Fiserv Price Performance
Shares of FI stock traded up $3.93 during mid-day trading on Friday, hitting $159.94. The company had a trading volume of 1,500,332 shares, compared to its average volume of 2,515,020. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. The stock’s 50 day moving average price is $151.15 and its 200-day moving average price is $149.67. Fiserv has a 52-week low of $109.11 and a 52-week high of $162.47. The company has a market capitalization of $93.58 billion, a P/E ratio of 29.16, a P/E/G ratio of 1.30 and a beta of 0.92.
Fiserv (NYSE:FI – Get Free Report) last issued its earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The firm had revenue of $5.11 billion during the quarter, compared to analyst estimates of $4.81 billion. During the same quarter in the prior year, the business earned $1.81 earnings per share. Fiserv’s revenue for the quarter was up 7.4% on a year-over-year basis. Equities research analysts forecast that Fiserv will post 8.69 earnings per share for the current year.
Analysts Set New Price Targets
Get Our Latest Stock Report on Fiserv
Insider Buying and Selling at Fiserv
In other news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $154.86, for a total value of $3,716,640.00. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $25,350,427.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $154.86, for a total value of $3,716,640.00. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $25,350,427.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John Gibbons sold 2,800 shares of Fiserv stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $148.76, for a total transaction of $416,528.00. Following the completion of the transaction, the executive vice president now directly owns 28,323 shares in the company, valued at approximately $4,213,329.48. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,800 shares of company stock valued at $7,696,448. Company insiders own 0.75% of the company’s stock.
About Fiserv
Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.
Read More
- Five stocks we like better than Fiserv
- Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?
- 3M Surprises and Rebound Accelerates: It Isn’t Too Late To Get In
- Using the MarketBeat Dividend Tax Calculator
- Skechers Stock Shows Strength Among Consumer Discretionary Sector
- What Does a Stock Split Mean?
- Tech Stocks Tumble, These Stocks Present Buying Opportunity
Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter.