Fiserv (NASDAQ:FISV) updated its FY19 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $3.39-3.52 for the period, compared to the Thomson Reuters consensus estimate of $3.46. Fiserv also updated its FY 2019 guidance to $3.39-3.52 EPS.
Shares of FISV traded up $1.41 during mid-day trading on Wednesday, reaching $85.87. The company’s stock had a trading volume of 4,041,152 shares, compared to its average volume of 5,088,645. Fiserv has a 1-year low of $68.45 and a 1-year high of $91.19. The stock has a market cap of $32.71 billion, a price-to-earnings ratio of 27.73, a PEG ratio of 2.01 and a beta of 0.80. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 2.45.
Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Tuesday, April 30th. The business services provider reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.02. Fiserv had a return on equity of 50.83% and a net margin of 16.81%. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same period last year, the firm posted $0.76 EPS. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, analysts expect that Fiserv will post 3.45 earnings per share for the current year.
In other Fiserv news, Director Denis Oleary sold 13,728 shares of Fiserv stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $85.08, for a total value of $1,167,978.24. Following the completion of the transaction, the director now directly owns 52,014 shares of the company’s stock, valued at approximately $4,425,351.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kenneth Best sold 13,280 shares of Fiserv stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $84.95, for a total value of $1,128,136.00. Following the completion of the transaction, the insider now owns 38,364 shares in the company, valued at approximately $3,259,021.80. The disclosure for this sale can be found here. Insiders sold 157,912 shares of company stock worth $13,389,571 over the last quarter. Company insiders own 1.40% of the company’s stock.
Fiserv Company Profile
Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.
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