Fiserv (NYSE:FI – Get Free Report) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $8.60-8.75 for the period, compared to the consensus estimate of $8.63. Fiserv also updated its FY 2024 guidance to 8.600-8.750 EPS.
Fiserv Stock Performance
NYSE FI traded up $1.04 during mid-day trading on Thursday, reaching $153.29. 3,049,942 shares of the stock were exchanged, compared to its average volume of 2,557,857. The business’s 50 day moving average is $152.39 and its 200-day moving average is $137.45. Fiserv has a 1 year low of $109.11 and a 1 year high of $159.99. The company has a market capitalization of $90.25 billion, a P/E ratio of 28.65, a P/E/G ratio of 1.27 and a beta of 0.91. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.04 and a current ratio of 1.06.
Fiserv (NYSE:FI – Get Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.11. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The firm had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.57 billion. During the same period in the prior year, the firm posted $1.58 earnings per share. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, equities research analysts forecast that Fiserv will post 8.63 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
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Insider Activity at Fiserv
In related news, COO Guy Chiarello sold 63,646 shares of Fiserv stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $154.00, for a total value of $9,801,484.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares in the company, valued at $25,209,646. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders sold 111,575 shares of company stock worth $17,022,387. Corporate insiders own 0.75% of the company’s stock.
Fiserv Company Profile
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.
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