Fiserv (NYSE:FI) Releases FY 2024 Earnings Guidance

by · The Markets Daily

Fiserv (NYSE:FI – Get Free Report) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 8.730-8.800 for the period, compared to the consensus estimate of 8.750. The company issued revenue guidance of -. Fiserv also updated its FY24 guidance to $8.73-8.80 EPS.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Jefferies Financial Group increased their price target on shares of Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday. StockNews.com upgraded Fiserv from a “hold” rating to a “buy” rating in a research note on Thursday, September 26th. Stephens lifted their price objective on Fiserv from $170.00 to $200.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. Robert W. Baird upped their target price on shares of Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Finally, B. Riley lifted their price target on shares of Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Three research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.04.

Read Our Latest Stock Report on FI

Fiserv Stock Performance

NYSE:FI opened at $199.67 on Wednesday. The stock has a 50-day moving average price of $178.52 and a 200 day moving average price of $161.81. The stock has a market capitalization of $116.83 billion, a P/E ratio of 37.33, a P/E/G ratio of 1.44 and a beta of 0.93. Fiserv has a 12-month low of $109.11 and a 12-month high of $199.87. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FI – Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.04. The firm had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $4.90 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.96 earnings per share. Equities research analysts forecast that Fiserv will post 8.74 EPS for the current fiscal year.

Insider Activity

In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $177.37, for a total value of $25,718,650.00. Following the sale, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $177.37, for a total value of $25,718,650.00. Following the completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $27,005,424.03. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 187,890 shares of company stock worth $32,855,417 over the last 90 days. Corporate insiders own 0.75% of the company’s stock.

Fiserv Company Profile

(Get Free Report)

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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