Fiserv (NYSE:FI – Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 8.600-8.750 for the period, compared to the consensus EPS estimate of 8.630. The company issued revenue guidance of -. Fiserv also updated its FY24 guidance to $8.60-8.75 EPS.
Fiserv Stock Up 0.7 %
Shares of FI traded up $1.04 during mid-day trading on Thursday, reaching $153.29. The company’s stock had a trading volume of 3,049,942 shares, compared to its average volume of 2,557,857. The business has a fifty day moving average of $152.39 and a 200 day moving average of $137.45. The company has a market cap of $90.25 billion, a price-to-earnings ratio of 28.65, a price-to-earnings-growth ratio of 1.27 and a beta of 0.91. 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.
Fiserv (NYSE:FI – Get Free Report) last released its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. The company had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.58 earnings per share. As a group, analysts forecast that Fiserv will post 8.63 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Insider Transactions at Fiserv
In other news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $149.53, for a total value of $3,588,720.00. Following the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $24,477,911.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 111,575 shares of company stock valued at $17,022,387 in the last three months. 0.75% of the stock is owned by corporate insiders.
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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