Fiserv (NYSE:FI) Updates FY 2024 Earnings Guidance

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.

Wall Street Analyst Weigh In

FI has been the subject of several analyst reports. Barclays upped their price target on Fiserv from $165.00 to $185.00 and gave the stock an overweight rating in a research note on Monday, April 1st. Susquehanna lifted their target price on shares of Fiserv from $175.00 to $180.00 and gave the company a positive rating in a report on Monday, March 25th. Jefferies Financial Group increased their price target on shares of Fiserv from $150.00 to $160.00 and gave the stock a hold rating in a report on Monday, March 25th. B. Riley lifted their price objective on Fiserv from $152.00 to $176.00 and gave the company a buy rating in a report on Wednesday, February 7th. Finally, Mizuho reissued a buy rating and set a $156.00 target price on shares of Fiserv in a research note on Wednesday, March 27th. Six analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and an average price target of $157.79.

Fiserv Trading Up 4.4 %

Shares of Fiserv stock traded up $6.58 during trading hours on Tuesday, reaching $155.38. 5,334,710 shares of the company's stock were exchanged, compared to its average volume of 2,552,451. The firm has a market capitalization of $91.48 billion, a price-to-earnings ratio of 29.76, a price-to-earnings-growth ratio of 1.21 and a beta of 0.91. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73. Fiserv has a 52-week low of $109.11 and a 52-week high of $159.99. The company has a fifty day moving average of $151.90 and a 200-day moving average of $136.94.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.79 by $0.09. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The firm had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.57 billion. During the same period last year, the company earned $1.58 EPS. The firm's quarterly revenue was up 7.4% on a year-over-year basis. Sell-side analysts forecast that Fiserv will post 8.63 EPS for the current fiscal year.

Insider Buying and Selling

In related news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction 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 owns 163,699 shares in the company, valued at $24,477,911.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders sold 111,575 shares of company stock valued at $17,022,387. 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.