Fiserv (NYSE:FI – Get Free Report) posted its quarterly earnings results on Tuesday. The business services provider reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.11, Briefing.com reports. The company had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.57 billion. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.58 earnings per share. Fiserv updated its FY24 guidance to $8.60-8.75 EPS and its FY 2024 guidance to 8.600-8.750 EPS.
Fiserv Trading Down 2.0 %
Shares of Fiserv stock opened at $152.25 on Thursday. Fiserv has a 1 year low of $109.11 and a 1 year high of $159.99. The firm has a market cap of $89.64 billion, a PE ratio of 28.46, a PEG ratio of 1.27 and a beta of 0.91. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.04. The company has a 50 day simple moving average of $152.28 and a two-hundred day simple moving average of $137.34.
Insider Buying and Selling at Fiserv
In other Fiserv news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $149.53, for a total transaction of $3,588,720.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $24,477,911.47. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold a total of 111,575 shares of company stock worth $17,022,387 over the last three months. 0.75% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
View Our Latest Stock Analysis on Fiserv
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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