Fiserv, Inc. (NYSE:FI – Free Report) – William Blair cut their Q4 2024 earnings per share estimates for shares of Fiserv in a research note issued to investors on Tuesday, April 23rd. William Blair analyst C. Kennedy now expects that the business services provider will post earnings of $2.40 per share for the quarter, down from their previous forecast of $2.48. The consensus estimate for Fiserv’s current full-year earnings is $8.67 per share.
Fiserv (NYSE:FI – Get Free Report) last issued its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.11. The business had revenue of $4.88 billion for the quarter, compared to the consensus estimate 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 period in the previous year, the company earned $1.58 earnings per share.
Fiserv Stock Performance
NYSE:FI opened at $155.89 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.81. The stock has a 50 day simple moving average of $152.54 and a 200 day simple moving average of $137.74. Fiserv has a 1-year low of $109.11 and a 1-year high of $159.99. The stock has a market cap of $91.78 billion, a P/E ratio of 29.14, a PEG ratio of 1.24 and a beta of 0.91.
Institutional Trading of Fiserv
Institutional investors and hedge funds have recently made changes to their positions in the stock. Cooper Financial Group raised its stake in Fiserv by 3.1% during the 1st quarter. Cooper Financial Group now owns 2,243 shares of the business services provider’s stock valued at $358,000 after buying an additional 67 shares during the last quarter. BSW Wealth Partners raised its stake in shares of Fiserv by 2.8% in the first quarter. BSW Wealth Partners now owns 2,821 shares of the business services provider’s stock worth $451,000 after buying an additional 76 shares during the period. Wedmont Private Capital increased its stake in shares of Fiserv by 1.8% in the first quarter. Wedmont Private Capital now owns 4,898 shares of the business services provider’s stock worth $761,000 after purchasing an additional 87 shares in the last quarter. Apeiron RIA LLC boosted its stake in shares of Fiserv by 2.9% in the third quarter. Apeiron RIA LLC now owns 3,217 shares of the business services provider’s stock worth $363,000 after acquiring an additional 90 shares during the period. Finally, Brighton Jones LLC lifted its holdings in shares of Fiserv by 4.0% in the third quarter. Brighton Jones LLC now owns 2,385 shares of the business services provider’s stock worth $269,000 after buying an additional 92 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.
Insider Activity at Fiserv
In other Fiserv news, COO Guy Chiarello sold 63,646 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares in the company, valued at $25,209,646. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders sold 111,575 shares of company stock valued at $17,022,387. 0.75% of the stock is owned by insiders.
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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