Fiserv (NYSE:FI – Get Free Report) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 8.550-8.700 for the period, compared to the consensus earnings per share estimate of 8.610. The company issued revenue guidance of -. Fiserv also updated its FY24 guidance to $8.55-8.70 EPS.
Fiserv Price Performance
Fiserv stock opened at $144.15 on Tuesday. Fiserv has a 52 week low of $103.99 and a 52 week high of $145.87. The business has a 50-day simple moving average of $135.48 and a 200 day simple moving average of $125.44. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.75. The stock has a market cap of $86.52 billion, a price-to-earnings ratio of 30.16, a PEG ratio of 1.17 and a beta of 0.91.
Analyst Ratings Changes
FI has been the subject of a number of research reports. Wedbush reiterated an outperform rating and issued a $150.00 price objective on shares of Fiserv in a report on Thursday, November 16th. KeyCorp upgraded Fiserv from a sector weight rating to an overweight rating and set a $180.00 target price for the company in a report on Monday, January 8th. Seaport Res Ptn restated a neutral rating on shares of Fiserv in a report on Thursday, October 12th. Oppenheimer upgraded Fiserv from a market perform rating to an outperform rating and set a $168.00 target price for the company in a report on Thursday, January 11th. Finally, Raymond James upped their price target on Fiserv from $145.00 to $147.00 and gave the company an outperform rating in a research report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Fiserv has an average rating of Moderate Buy and a consensus price target of $146.50.
Insider Transactions at Fiserv
In other news, EVP Suzan Kereere sold 1,633 shares of the firm’s stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $132.88, for a total value of $216,993.04. Following the transaction, the executive vice president now directly owns 47,792 shares in the company, valued at approximately $6,350,600.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CFO Robert W. Hau sold 188,088 shares of the firm’s stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $132.77, for a total value of $24,972,443.76. Following the transaction, the chief financial officer now directly owns 133,491 shares of the company’s stock, valued at approximately $17,723,600.07. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Suzan Kereere sold 1,633 shares of the firm’s stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $132.88, for a total value of $216,993.04. Following the completion of the transaction, the executive vice president now directly owns 47,792 shares in the company, valued at $6,350,600.96. The disclosure for this sale can be found here. Insiders have sold a total of 311,038 shares of company stock worth $41,389,939 in the last ninety days. Insiders own 1.00% of the company’s stock.
Hedge Funds Weigh In On Fiserv
Institutional investors have recently bought and sold shares of the stock. Morgan Stanley raised its holdings in Fiserv by 131.3% during the fourth quarter. Morgan Stanley now owns 9,980,646 shares of the business services provider’s stock valued at $1,008,744,000 after acquiring an additional 5,666,145 shares during the period. Norges Bank purchased a new stake in Fiserv during the fourth quarter valued at approximately $547,079,000. Moneta Group Investment Advisors LLC raised its position in Fiserv by 135,763.7% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 4,588,117 shares of the business services provider’s stock valued at $463,721,000 after purchasing an additional 4,584,740 shares during the period. State Street Corp raised its position in Fiserv by 4.1% during the first quarter. State Street Corp now owns 25,700,156 shares of the business services provider’s stock valued at $2,904,889,000 after purchasing an additional 1,022,653 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec raised its position in Fiserv by 518.1% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,123,613 shares of the business services provider’s stock valued at $113,934,000 after purchasing an additional 941,832 shares during the period. 89.69% of the stock is owned by institutional investors.
Fiserv Company Profile
Fiserv, Inc, together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; Clover, a cloud-based point-of-sale and business management platform; and Clover Connect, an independent software vendors platform.
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