Fiserv (NYSE:FI – Get Free Report) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 8.600-8.750 for the period, compared to the consensus estimate of 8.630. The company issued revenue guidance of -. Fiserv also updated its FY24 guidance to $8.60-8.75 EPS.
Analysts Set New Price Targets
A number of research analysts have weighed in on FI shares. Citigroup upped their target price on Fiserv from $171.00 to $180.00 and gave the stock a buy rating in a report on Wednesday. Royal Bank of Canada raised their price target on shares of Fiserv from $158.00 to $180.00 and gave the company an outperform rating in a report on Wednesday. B. Riley increased their price objective on shares of Fiserv from $176.00 to $180.00 and gave the stock a buy rating in a research note on Wednesday. Jefferies Financial Group lifted their price target on shares of Fiserv from $150.00 to $160.00 and gave the company a hold rating in a report on Monday, March 25th. Finally, Robert W. Baird lifted their target price on Fiserv from $185.00 to $186.00 and gave the stock an outperform rating in a research report on Wednesday. Six analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $164.33.
Read Our Latest Stock Analysis on Fiserv
Fiserv Stock Performance
Fiserv (NYSE:FI – Get Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, beating the consensus estimate 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 quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company earned $1.58 earnings per share. On average, equities research analysts forecast that Fiserv will post 8.67 EPS for the current fiscal year.
Insider Activity at Fiserv
In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, 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. In the last three months, insiders have sold 111,575 shares of company stock valued at $17,022,387. 0.75% of the stock is owned by corporate insiders.
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.
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