Fiserv (NYSE:FI – Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 8.730-8.800 for the period, compared to the consensus earnings per share estimate of 8.750. The company issued revenue guidance of -. Fiserv also updated its FY24 guidance to $8.73-8.80 EPS.
Fiserv Price Performance
Shares of NYSE:FI opened at $199.67 on Wednesday. Fiserv has a 12 month low of $109.11 and a 12 month high of $199.87. The firm has a market capitalization of $116.83 billion, a price-to-earnings ratio of 37.33, a price-to-earnings-growth ratio of 1.44 and a beta of 0.93. The business’s 50 day simple moving average is $178.52 and its 200-day simple moving average is $161.81. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06.
Fiserv (NYSE:FI – Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.04. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The firm had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $4.90 billion. During the same period in the prior year, the company earned $1.96 EPS. The firm’s revenue was up 7.0% on a year-over-year basis. As a group, equities analysts forecast that Fiserv will post 8.74 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Read Our Latest Research Report on FI
Insider Buying and Selling
In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the transaction, the chief executive officer now directly owns 2,965,084 shares in the company, valued at $525,916,949.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the sale, the chief executive officer now owns 2,965,084 shares in the company, valued at $525,916,949.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP John Gibbons sold 18,890 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the transaction, the executive vice president now directly owns 28,323 shares in the company, valued at approximately $4,764,211.83. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 187,890 shares of company stock worth $32,855,417. 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.
Further Reading
- Five stocks we like better than Fiserv
- How to Buy Cheap Stocks Step by Step
- Goldman Sachs Highlights 3 Top Short Squeeze Stocks to Watch
- Biggest Stock Losers – Today’s Biggest Percentage Decliners
- Walmart is Up 56% YTD, Is it Still a Top Consumer Staples Stock?
- What Does a Stock Split Mean?
- Short Sellers Eye Palantir: Should You Buy the Dip?
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.