Fiserv (NYSE:FI – Get Free Report) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided EPS guidance of $8.60-8.75 for the period, compared to the consensus EPS estimate of $8.63. Fiserv also updated its FY 2024 guidance to 8.600-8.750 EPS.
Fiserv Stock Up 0.7 %
FI opened at $153.29 on Friday. The stock has a market cap of $90.25 billion, a PE ratio of 28.65, a P/E/G ratio of 1.24 and a beta of 0.91. 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 has a 52 week low of $109.11 and a 52 week high of $159.99. The business’s fifty day simple moving average is $152.39 and its 200 day simple moving average is $137.45.
Fiserv (NYSE:FI – Get Free Report) last released its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. The business had revenue of $4.88 billion for the quarter, compared to analysts’ expectations of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.58 earnings per share. As a group, research analysts expect that Fiserv will post 8.67 earnings per share for the current fiscal year.
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Insiders Place Their Bets
In other Fiserv news, COO Guy Chiarello sold 23,929 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $151.79, for a total transaction of $3,632,182.91. Following the completion of the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $24,847,871.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 111,575 shares of company stock worth $17,022,387 over the last three months. Company insiders own 0.75% of the company’s stock.
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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