Fiserv (NYSE:FI) Issues FY 2024 Earnings Guidance

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

Analyst Upgrades and Downgrades

FI has been the topic of a number of research reports. Stephens boosted their price objective on shares of Fiserv from $170.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. William Blair upgraded shares of Fiserv to a “strong-buy” rating in a research note on Wednesday, July 24th. Barclays upped their price target on shares of Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Citigroup upped their price objective on shares of Fiserv from $187.00 to $226.00 in a research report on Tuesday. Finally, Mizuho upped their price objective on shares of Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research report on Thursday. Four investment 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 company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $202.08.

Fiserv Stock Performance

Shares of FI stock traded up $0.76 during trading hours on Thursday, reaching $203.12. 116,044 shares of the company traded hands, compared to its average volume of 2,473,288. Fiserv has a 12-month low of $111.53 and a 12-month high of $203.63. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market cap of $118.85 billion, a P/E ratio of 37.82, a P/E/G ratio of 1.44 and a beta of 0.93. The firm has a 50-day moving average price of $179.29 and a 200 day moving average price of $162.09.

Fiserv (NYSE:FI) last released its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The business had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter in the previous year, the company posted $1.96 EPS. The company’s revenue was up 7.0% compared to the same quarter last year. As a group, sell-side analysts predict that Fiserv will post 8.74 earnings per share for the current fiscal year.

Insider Activity at Fiserv

In other Fiserv news, EVP John Gibbons sold 18,890 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the completion of the sale, the executive vice president now directly owns 28,323 shares in the company, valued at approximately $4,764,211.83. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. This 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 is accessible through the SEC website. Also, EVP John Gibbons sold 18,890 shares of the 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 completion of the transaction, the executive vice president now directly owns 28,323 shares in the company, valued at $4,764,211.83. This represents 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 in the last quarter. 0.75% of the stock is owned by company 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.