Fiserv (NYSE:FI) Releases FY23 Earnings Guidance

Fiserv (NYSE:FI) issued an update on its FY23 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $7.47-7.52 for the period, compared to the consensus earnings per share estimate of $7.49.

Fiserv Trading Up 0.5 %

Shares of FI stock opened at $122.16 on Wednesday. The stock has a 50-day moving average of $116.48 and a 200-day moving average of $119.81. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.75. The stock has a market cap of $73.32 billion, a price-to-earnings ratio of 25.56, a PEG ratio of 1.25 and a beta of 0.89. Fiserv has a 1-year low of $97.25 and a 1-year high of $130.74.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, October 24th. The business services provider reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.02. The business had revenue of $4.62 billion for the quarter, compared to analyst estimates of $4.59 billion. Fiserv had a net margin of 15.85% and a return on equity of 14.70%. On average, equities research analysts forecast that Fiserv will post 7.49 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on FI shares. Seaport Res Ptn reaffirmed a neutral rating on shares of Fiserv in a research report on Thursday, October 12th. Citigroup upped their price target on Fiserv from $140.00 to $150.00 in a research note on Thursday, July 27th. Raymond James boosted their price objective on Fiserv from $145.00 to $147.00 and gave the company an outperform rating in a report on Wednesday, October 25th. Jefferies Financial Group increased their target price on Fiserv from $120.00 to $130.00 in a report on Wednesday, July 19th. Finally, Royal Bank of Canada upped their price objective on shares of Fiserv from $133.00 to $144.00 and gave the stock an outperform rating in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Fiserv presently has an average rating of Moderate Buy and an average price target of $140.45.

Insider Transactions at Fiserv

In related news, COO Guy Chiarello sold 6,750 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $113.90, for a total value of $768,825.00. Following the transaction, the chief operating officer now directly owns 153,606 shares of the company’s stock, valued at approximately $17,495,723.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 20,250 shares of company stock worth $2,348,933 in the last ninety days. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Fiserv

Several institutional investors have recently bought and sold shares of FI. Sunbelt Securities Inc. purchased a new position in shares of Fiserv in the first quarter worth about $27,000. Atlas Capital Advisors LLC boosted its holdings in Fiserv by 71.9% in the 2nd quarter. Atlas Capital Advisors LLC now owns 306 shares of the business services provider’s stock worth $27,000 after buying an additional 128 shares during the period. Coppell Advisory Solutions Corp. bought a new position in Fiserv in the 4th quarter worth approximately $30,000. Dark Forest Capital Management LP purchased a new position in Fiserv in the 1st quarter valued at approximately $32,000. Finally, KB Financial Partners LLC bought a new stake in Fiserv during the 1st quarter valued at $37,000. Hedge funds and other institutional investors own 89.69% of the company’s stock.

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.