Fiserv (NYSE:FI – Get Free Report) released its quarterly earnings data on Tuesday. The business services provider reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.04, Briefing.com reports. The business had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.96 EPS. Fiserv updated its FY 2024 guidance to 8.730-8.800 EPS and its FY24 guidance to $8.73-8.80 EPS.
Fiserv Stock Performance
NYSE:FI traded up $0.90 during mid-day trading on Thursday, hitting $203.26. The stock had a trading volume of 2,032,723 shares, compared to its average volume of 2,482,592. The stock has a market capitalization of $118.93 billion, a price-to-earnings ratio of 38.00, a P/E/G ratio of 1.44 and a beta of 0.93. The company has a 50 day simple moving average of $179.29 and a 200-day simple moving average of $162.09. Fiserv has a 52 week low of $111.53 and a 52 week high of $204.50. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85.
Insider Activity at Fiserv
In related news, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total value of $3,177,486.90. Following the sale, the executive vice president now directly owns 28,323 shares in the company, valued at $4,764,211.83. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction dated 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 owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John Gibbons sold 18,890 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total transaction 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. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 227,890 shares of company stock worth $40,934,217 in the last ninety days. 0.75% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Analysis on Fiserv
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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