Fiserv (NYSE:FI – Get Free Report) updated its FY 2024 earnings guidance on Tuesday. 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.
Analyst Ratings Changes
Several brokerages have recently weighed in on FI. TD Cowen upped their target price on Fiserv from $167.00 to $175.00 and gave the stock a buy rating in a research note on Wednesday. Barclays upped their target price on Fiserv from $165.00 to $185.00 and gave the stock an overweight rating in a research note on Monday, April 1st. B. Riley upped their target price on Fiserv from $176.00 to $180.00 and gave the stock a buy rating in a research note on Wednesday. Truist Financial upped their target price on Fiserv from $140.00 to $145.00 and gave the stock a hold rating in a research note on Wednesday, February 7th. Finally, Citigroup increased their price objective on Fiserv from $171.00 to $180.00 and gave the company a buy rating in a research note on Wednesday. Six equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $164.33.
View Our Latest Stock Analysis on Fiserv
Fiserv Stock Up 0.7 %
Fiserv (NYSE:FI – Get Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. The company had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. Fiserv’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.58 EPS. Analysts forecast that Fiserv will post 8.63 earnings per share for the current fiscal year.
Insider Transactions at Fiserv
In other news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $149.53, for a total transaction of $3,588,720.00. Following the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $24,477,911.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders have sold 111,575 shares of company stock valued at $17,022,387. Corporate insiders own 0.75% of the company’s stock.
About Fiserv
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.
See Also
- Five stocks we like better than Fiserv
- Special Purpose Acquisition Company (SPAC) What You Need to Know
- Hasbro’s Management Made All the Right Calls This Quarter
- Earnings Per Share Calculator: How to Calculate EPS
- Caterpillar’s Market Reset Isn’t Over: Get Ready for Lower Prices
- Roth IRA Calculator: Calculate Your Potential Returns
- Power Surge: Utilities Sector’s Resilience Shines
Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter.