Fiserv (NYSE:FI) Releases FY 2024 Earnings Guidance

Fiserv (NYSE:FI) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 8.730-8.800 for the period, compared to the consensus EPS estimate of 8.750. The company issued revenue guidance of -.

Fiserv Price Performance

NYSE FI opened at $197.15 on Tuesday. The stock has a market capitalization of $115.35 billion, a PE ratio of 36.85, a P/E/G ratio of 1.44 and a beta of 0.93. The stock has a 50-day simple moving average of $177.77 and a 200 day simple moving average of $161.51. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. Fiserv has a twelve month low of $109.11 and a twelve month high of $198.86.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.03. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The company had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $4.81 billion. During the same period in the prior year, the business earned $1.81 earnings per share. Fiserv’s revenue for the quarter was up 7.4% compared to the same quarter last year. Research analysts anticipate that Fiserv will post 8.74 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on FI shares. Oppenheimer began coverage on Fiserv in a research note on Tuesday, October 1st. They set an “outperform” rating and a $203.00 price target on the stock. Keefe, Bruyette & Woods boosted their price objective on Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Jefferies Financial Group raised their target price on Fiserv from $160.00 to $195.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. Barclays boosted their price target on shares of Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Finally, StockNews.com raised shares of Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. Three equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $187.92.

Insiders Place Their Bets

In other news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $27,005,424.03. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $164.97, for a total value of $3,959,280.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $27,005,424.03. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction that occurred 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 completion of the transaction, 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 disclosure for this sale can be found here. Over the last three months, insiders sold 187,890 shares of company stock valued at $32,855,417. 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.