Fiserv (NASDAQ:FISV – Get Rating) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided EPS guidance of $6.45-$6.55 for the period, compared to the consensus EPS estimate of $6.47. The company issued revenue guidance of -.
Fiserv Price Performance
NASDAQ:FISV opened at $106.08 on Friday. The firm has a market cap of $67.85 billion, a PE ratio of 34.44, a price-to-earnings-growth ratio of 1.22 and a beta of 0.88. Fiserv has a 12 month low of $87.03 and a 12 month high of $119.86. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.66. The company’s 50-day moving average price is $96.34 and its two-hundred day moving average price is $98.20.
Fiserv (NASDAQ:FISV – Get Rating) last released its quarterly earnings results on Tuesday, July 26th. The business services provider reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.01. The firm had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.06 billion. Fiserv had a net margin of 11.92% and a return on equity of 12.40%. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.37 earnings per share. On average, equities analysts anticipate that Fiserv will post 6.49 EPS for the current fiscal year.
Analyst Ratings Changes
In other Fiserv news, Director Holdings L.P. Valueact bought 500,000 shares of Fiserv stock in a transaction on Friday, June 10th. The shares were purchased at an average cost of $94.18 per share, with a total value of $47,090,000.00. Following the acquisition, the director now directly owns 14,147,776 shares of the company’s stock, valued at approximately $1,332,437,543.68. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Holdings L.P. Valueact bought 500,000 shares of the company’s stock in a transaction that occurred on Friday, June 10th. The shares were bought at an average price of $94.18 per share, for a total transaction of $47,090,000.00. Following the transaction, the director now directly owns 14,147,776 shares of the company’s stock, valued at $1,332,437,543.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Guy Chiarello sold 30,000 shares of the company’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $105.09, for a total transaction of $3,152,700.00. Following the transaction, the chief operating officer now owns 237,053 shares in the company, valued at approximately $24,911,899.77. The disclosure for this sale can be found here. In the last three months, insiders have purchased 1,224,609 shares of company stock worth $113,982,154 and have sold 49,000 shares worth $5,072,700. 1.00% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Fiserv
Several institutional investors have recently added to or reduced their stakes in FISV. Ancora Advisors LLC purchased a new stake in shares of Fiserv in the first quarter worth about $48,000. Covestor Ltd raised its stake in Fiserv by 94.0% in the first quarter. Covestor Ltd now owns 745 shares of the business services provider’s stock valued at $76,000 after purchasing an additional 361 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in Fiserv by 158.2% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 963 shares of the business services provider’s stock valued at $98,000 after purchasing an additional 590 shares in the last quarter. Frontier Wealth Management LLC purchased a new stake in Fiserv in the first quarter valued at approximately $210,000. Finally, Ariel Investments LLC bought a new position in Fiserv during the first quarter valued at approximately $226,000. Institutional investors own 97.24% 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.
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