Fiserv (NYSE:FI – Get Free Report) announced its quarterly earnings data on Wednesday. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03, Briefing.com reports. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The firm had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $4.81 billion. During the same period last year, the firm earned $1.81 earnings per share. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. Fiserv updated its FY24 guidance to $8.65 to $8.80 EPS and its FY 2024 guidance to 8.650-8.800 EPS.
Fiserv Trading Up 2.5 %
Shares of FI stock traded up $3.93 during trading hours on Friday, reaching $159.94. 1,500,332 shares of the stock were exchanged, compared to its average volume of 2,515,020. Fiserv has a 12-month low of $109.11 and a 12-month high of $162.47. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85. The company’s 50-day moving average price is $151.15 and its 200-day moving average price is $149.67. The firm has a market capitalization of $93.58 billion, a price-to-earnings ratio of 29.16, a price-to-earnings-growth ratio of 1.30 and a beta of 0.92.
Insider Buying and Selling
In related news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares in the company, valued at approximately $25,350,427.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares in the company, valued at approximately $25,350,427.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John Gibbons sold 2,800 shares of Fiserv stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $148.76, for a total transaction of $416,528.00. Following the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at approximately $4,213,329.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,800 shares of company stock valued at $7,696,448. Company insiders own 0.75% of the company’s stock.
Analysts Set New Price Targets
Check Out Our Latest Analysis on FI
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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