Fiserv (NYSE:FI) Updates FY 2024 Earnings Guidance

Fiserv (NYSE:FI) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 8.600-8.750 for the period, compared to the consensus earnings per share estimate of 8.630. The company issued revenue guidance of -. Fiserv also updated its FY24 guidance to $8.60-8.75 EPS.

Wall Street Analyst Weigh In

Several research firms have issued reports on FI. UBS Group upped their price objective on Fiserv from $170.00 to $185.00 and gave the stock a buy rating in a report on Wednesday. BNP Paribas raised shares of Fiserv from a neutral rating to an outperform rating in a report on Wednesday, January 10th. Barclays increased their price target on Fiserv from $165.00 to $185.00 and gave the company an overweight rating in a research note on Monday, April 1st. B. Riley upped their price objective on Fiserv from $176.00 to $180.00 and gave the company a buy rating in a report on Wednesday. Finally, KeyCorp raised their target price on Fiserv from $160.00 to $170.00 and gave the stock an overweight rating in a report on Monday. Six analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Fiserv has an average rating of Moderate Buy and an average price target of $164.33.

Fiserv Trading Up 1.0 %

NYSE:FI traded up $1.59 on Friday, hitting $154.88. The stock had a trading volume of 148,417 shares, compared to its average volume of 2,527,051. The company has a fifty day moving average price of $152.39 and a two-hundred day moving average price of $137.45. Fiserv has a 1-year low of $109.11 and a 1-year high of $159.99. The company has a quick ratio of 1.04, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. The stock has a market cap of $91.19 billion, a price-to-earnings ratio of 28.65, a PEG ratio of 1.24 and a beta of 0.91.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, topping the consensus estimate of $1.77 by $0.11. The firm had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.57 billion. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.58 EPS. Equities research analysts expect that Fiserv will post 8.67 earnings per share for the current fiscal year.

Insider Activity at Fiserv

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of the stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total value of $9,801,484.00. Following the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $25,209,646. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through 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.

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.