Fiserv (NYSE:FI) Issues Earnings Results

Fiserv (NYSE:FI) released its earnings results on Tuesday. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11, Briefing.com reports. The company had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.57 billion. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. Fiserv’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.58 EPS. Fiserv updated its FY24 guidance to $8.60-8.75 EPS and its FY 2024 guidance to 8.600-8.750 EPS.

Fiserv Stock Up 1.4 %

Shares of FI stock traded up $2.15 during trading hours on Friday, reaching $155.44. The company had a trading volume of 913,130 shares, compared to its average volume of 2,534,730. Fiserv has a 12 month low of $109.11 and a 12 month high of $159.99. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.04. The business has a fifty day simple moving average of $152.39 and a 200-day simple moving average of $137.45. The company has a market cap of $91.52 billion, a price-to-earnings ratio of 28.65, a price-to-earnings-growth ratio of 1.24 and a beta of 0.91.

Insider Activity at Fiserv

In other news, COO Guy Chiarello sold 63,646 shares of Fiserv stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares in the company, valued at approximately $25,209,646. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders sold 111,575 shares of company stock valued at $17,022,387. 0.75% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Robert W. Baird raised their price objective on shares of Fiserv from $185.00 to $186.00 and gave the stock an “outperform” rating in a report on Wednesday. KeyCorp raised their price target on shares of Fiserv from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Monday. Susquehanna raised their price target on shares of Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a research note on Monday, March 25th. BMO Capital Markets upped their target price on shares of Fiserv from $163.00 to $168.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, StockNews.com assumed coverage on shares of Fiserv in a report on Saturday, February 3rd. They set a “buy” rating for the company. Six investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $164.33.

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.