Fiserv Reports Strong Q2 Earnings, Revenue Surges and Annual Outlook Raised

Fintech Firm Fiserv's Q2 Earnings: Revenue Surge Beats Expectations, Hikes Annual Outlook

Compared to Estimates, Fiserv (FI) Q2 Earnings: A Look at Key Metrics

Fiserv Inc. Q2 2024 Earnings: GAAP EPS of $1.53 Beats Estimates, Revenue Surges to $5.11 Billion

Fiserv Inc. Q2 Profit Increases, Beats Estimates

Fiserv: Q2 Earnings Snapshot

Fiserv, Inc. has announced impressive Q2 2024 earnings, reporting a 7% year-over-year revenue increase to $5.11 billion, exceeding analyst expectations. The adjusted EPS reached $2.13, surpassing the previous year's figure of $1.81. The company raised its full-year adjusted EPS forecast to between $8.65 and $8.80, reflecting a strong organic revenue growth outlook of 15%-17% for FY24. CEO Frank Bisignano highlighted Fiserv's leadership in the industry, and the company's GAAP operating margin improved to 28.0%. Additionally, Fiserv repurchased 10 million shares for $1.5 billion in Q2 2024.

Fiserv

Fiserv Aids Clients in Transitioning to Cloud-Based Payment Systems

Fiserv GM on the Pot of Gold at the End of the ISO Rainbow

Fiserv is supporting its clients in transitioning to private or public clouds, enabling more agile and responsive payment systems. This move is expected to provide better fraud detection and more automated reconciliation processes.

Fiserv Outperforms Market with 14.75% Average Annual Return Over 20 Years

Here's How Much You Would Have Made Owning Fiserv Stock In The Last 20 Years By Benzinga

Fiserv has demonstrated exceptional stock performance over the last 20 years, outperforming the market by 6.88% annually and producing an average annual return of 14.75%. This impressive performance has resulted in significant returns for investors, with a $1000 investment 20 years ago now worth $15,723.55.

Fiserv to Participate in Upcoming Investor Conferences

Fiserv to Present at Upcoming Investor Conferences

Fiserv, Inc. announced its participation in the Baird Global Consumer Technology and Services Conference on June 4 and the Mizuho Technology Conference on June 12. Frank Bisignano, Chairman, President, and CEO of Fiserv, will present at both conferences.

Fiserv, Inc. has announced its participation in two upcoming investor conferences: the Baird Global Consumer Technology and Services Conference on June 4 and the Mizuho Technology Conference on June 12. Frank Bisignano, Chairman, President, and Chief Executive Officer, will represent Fiserv at both conferences.

Fiserv Leads $16M Seed Round for Forward

Forward announces $16M seed round led by Commerce Ventures, Elefund and Fiserv

Fiserv, along with Commerce Ventures and Elefund, led a $16M seed financing round for Forward, a technology partner for SaaS companies. The investment will enable Forward to expand its services and apply artificial intelligence to risk functions. Fiserv is utilizing Forward's capabilities to enhance payment services for ISVs.

Fiserv Leads $16M Seed Round for Forward, a Technology Partner for SaaS Companies

Fiserv, along with Commerce Ventures and Elefund, led a $16M seed round for Forward, a technology partner for SaaS companies. Fiserv will utilize Forward's capabilities to expand and enhance payment services for ISVs.

Fiserv (FISV) Shows Strong Momentum in Financial Transaction Services Industry

Are You Looking for a Top Momentum Pick? Why Fiserv (FISV) is a Great Choice

Fiserv has demonstrated strong momentum in the financial transaction services industry, with a Zacks Rank of #2 (Buy) and a Momentum Style Score of B. The company's short-term and long-term price activity outperforms the industry, with a 13.75% monthly price change and an 18.17% quarterly increase. Additionally, Fiserv's average 20-day trading volume is above average, indicating strong trading activity.

Multiple Analysts Upgrade Fiserv's Rating

Examining Fiserv, Inc. (FI) more closely is necessary – US Post News

Several analysts, including Oppenheimer, Exane BNP Paribas, KeyBanc Capital Markets, BMO Capital Markets, UBS, and TD Cowen, have upgraded Fiserv's rating to Outperform or Buy, indicating a positive outlook for the company.

Fiserv Records 7.39% Increase in Sales Quarter-Over-Quarter

Fiserv has reported a 7.39% increase in sales quarter-over-quarter, indicating a strong financial performance.

Fiserv is a global provider of omnichannel commerce, billing, and payments solutions for businesses, financial institutions, and the public sector. The company offers integrated digital banking solutions, financial and payments connectivity for technology providers, and solutions for government, education, and utilities.

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. This segment distributes through various channels, including direct sales teams, strategic partnerships with agent sales forces, independent software vendors, financial institutions, and other strategic partners. The Fintech segment offers customer deposit and loan accounts, as well as manages an institution's general ledger and central information files. This segment also provides digital banking, financial and risk management, professional services and consulting, item processing and source capture, and other products and services. The Payments segment offers card transactions, such as debit, credit, and prepaid card processing and services; security and fraud protection products; card production; print services; and various network services, as well as non-card digital payment software and services, including bill payment, account-to-account transfers, person-to-person payments, electronic billing, and security and fraud protection products. It serves business, banks, credit unions, other financial institutions, merchants, and corporate clients. Fiserv, Inc. was incorporated in 1984 and is headquartered in Brookfield, Wisconsin.

COM:FISERV

Fiserv

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