Fiserv (NYSE:FI - Get Free Report) will be issuing its quarterly earnings data before the market opens on Tuesday, April 23rd. Analysts expect the company to announce earnings of $1.79 per share for the quarter. Fiserv has set its FY 2024 guidance at 8.550-8.700 EPS and its FY24 guidance at $8.55-8.70 EPS.Parties that are interested in registering for the company's conference call can do so using this link.
Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The business services provider reported $2.19 EPS for the quarter, topping analysts' consensus estimates of $2.15 by $0.04. The firm had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.68 billion. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The firm's revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.91 EPS. On average, analysts expect Fiserv to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.
Fiserv Stock Performance
FI traded down $1.79 during trading on Tuesday, reaching $146.40. 3,294,096 shares of the company were exchanged, compared to its average volume of 2,513,386. Fiserv has a 52 week low of $109.11 and a 52 week high of $159.99. The stock has a market cap of $86.19 billion, a P/E ratio of 29.64, a PEG ratio of 1.24 and a beta of 0.91. The firm has a 50 day moving average of $151.46 and a 200 day moving average of $135.71. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73.
Insider Activity
In other news, COO Guy Chiarello sold 63,646 shares of the 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 transaction, the chief operating officer now owns 163,699 shares of the company's stock, valued at approximately $25,209,646. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.75% of the stock is currently owned by insiders.
Institutional Trading of Fiserv
Hedge funds have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. bought a new stake in shares of Fiserv in the 4th quarter worth approximately $76,000. Covestor Ltd lifted its position in shares of Fiserv by 94.0% in the 1st quarter. Covestor Ltd now owns 745 shares of the business services provider's stock worth $76,000 after acquiring an additional 361 shares during the period. Resurgent Financial Advisors LLC bought a new stake in shares of Fiserv in the 4th quarter worth approximately $74,000. Castleview Partners LLC lifted its position in shares of Fiserv by 71.7% in the 2nd quarter. Castleview Partners LLC now owns 539 shares of the business services provider's stock worth $68,000 after acquiring an additional 225 shares during the period. Finally, Ancora Advisors LLC bought a new stake in shares of Fiserv in the 1st quarter worth approximately $48,000. Institutional investors own 90.98% of the company's stock.
Analyst Ratings Changes
Several brokerages have recently weighed in on FI. KeyCorp upgraded Fiserv from a "sector weight" rating to an "overweight" rating and set a $180.00 price objective for the company in a report on Monday, January 8th. Oppenheimer upgraded Fiserv from a "market perform" rating to an "outperform" rating and set a $168.00 price objective for the company in a report on Thursday, January 11th. BNP Paribas upgraded Fiserv from a "neutral" rating to an "outperform" rating in a report on Wednesday, January 10th. Morgan Stanley upped their price objective on Fiserv from $133.00 to $142.00 and gave the company an "equal weight" rating in a report on Wednesday, February 7th. Finally, Robert W. Baird upped their target price on Fiserv from $168.00 to $185.00 and gave the company an "outperform" rating in a report on Monday, April 1st. Six equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, Fiserv currently has a consensus rating of "Moderate Buy" and an average price target of $158.21.
Get Our Latest Stock Analysis on FI
About Fiserv
(
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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