Fiserv (NASDAQ:FISV) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $3.10-3.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.14. Fiserv also updated its FY 2018 guidance to $3.10-3.15 EPS.
Shares of FISV stock traded up $1.36 during trading hours on Wednesday, hitting $79.30. The stock had a trading volume of 2,654,676 shares, compared to its average volume of 1,912,146. Fiserv has a one year low of $60.19 and a one year high of $82.79. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.69. The stock has a market capitalization of $31.54 billion, a price-to-earnings ratio of 30.98, a price-to-earnings-growth ratio of 2.14 and a beta of 0.79.
Fiserv (NASDAQ:FISV) last issued its earnings results on Tuesday, July 31st. The business services provider reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.01. Fiserv had a return on equity of 44.25% and a net margin of 25.14%. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the previous year, the firm posted $0.57 earnings per share. The business’s revenue was up 2.5% compared to the same quarter last year. As a group, research analysts predict that Fiserv will post 3.13 EPS for the current fiscal year.
In other news, insider Jeffery W. Yabuki sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $79.72, for a total transaction of $3,986,000.00. Following the transaction, the insider now owns 418,380 shares of the company’s stock, valued at $33,353,253.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last ninety days, insiders have sold 150,000 shares of company stock worth $11,864,000. Insiders own 1.70% 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; 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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