Fiserv, Inc. Forecasted to Post Q1 2024 Earnings of $1.92 Per Share (NYSE:FI)

Fiserv, Inc. (NYSE:FIFree Report) – Equities research analysts at Seaport Res Ptn upped their Q1 2024 earnings estimates for Fiserv in a report issued on Tuesday, February 6th. Seaport Res Ptn analyst J. Cantwell now expects that the business services provider will post earnings per share of $1.92 for the quarter, up from their previous estimate of $1.88. Seaport Res Ptn currently has a “Neutral” rating on the stock. The consensus estimate for Fiserv’s current full-year earnings is $8.62 per share. Seaport Res Ptn also issued estimates for Fiserv’s Q2 2024 earnings at $2.08 EPS, FY2024 earnings at $8.63 EPS, Q1 2025 earnings at $2.18 EPS, Q2 2025 earnings at $2.40 EPS, Q3 2025 earnings at $2.73 EPS and FY2025 earnings at $10.06 EPS.

Fiserv (NYSE:FIGet Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The business services provider reported $2.19 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.04. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The company had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.68 billion. During the same quarter in the previous year, the firm earned $1.91 earnings per share. The business’s revenue was up 6.2% on a year-over-year basis.

Several other research firms also recently issued reports on FI. Morgan Stanley upped their price objective on Fiserv from $133.00 to $142.00 and gave the stock an “equal weight” rating in a report on Wednesday. Truist Financial lifted their price target on shares of Fiserv from $140.00 to $145.00 and gave the stock a “hold” rating in a research report on Wednesday. Royal Bank of Canada raised their price target on Fiserv from $144.00 to $158.00 and gave the stock an “outperform” rating in a research report on Wednesday. The Goldman Sachs Group cut their target price on shares of Fiserv from $127.00 to $126.00 in a report on Monday, October 16th. Finally, Raymond James boosted their price target on shares of Fiserv from $145.00 to $147.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $149.13.

Check Out Our Latest Analysis on FI

Fiserv Stock Up 1.2 %

Shares of NYSE:FI opened at $142.72 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.04 and a debt-to-equity ratio of 0.73. The firm has a market cap of $85.66 billion, a P/E ratio of 28.54, a P/E/G ratio of 1.14 and a beta of 0.91. Fiserv has a 12 month low of $103.99 and a 12 month high of $145.87. The company’s 50-day moving average price is $136.02 and its two-hundred day moving average price is $125.65.

Insider Buying and Selling at Fiserv

In other Fiserv news, Vice Chairman Christopher M. Foskett sold 25,429 shares of the firm’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $135.00, for a total value of $3,432,915.00. Following the completion of the transaction, the insider now directly owns 97,665 shares of the company’s stock, valued at approximately $13,184,775. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Suzan Kereere sold 1,633 shares of the business’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $132.88, for a total value of $216,993.04. Following the completion of the sale, the executive vice president now directly owns 47,792 shares in the company, valued at approximately $6,350,600.96. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Vice Chairman Christopher M. Foskett sold 25,429 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $135.00, for a total transaction of $3,432,915.00. Following the completion of the transaction, the insider now owns 97,665 shares in the company, valued at approximately $13,184,775. The disclosure for this sale can be found here. Insiders sold 311,038 shares of company stock valued at $41,389,939 in the last quarter. 18.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Fiserv

Large investors have recently added to or reduced their stakes in the stock. Avantax Advisory Services Inc. purchased a new stake in shares of Fiserv in the 4th quarter worth approximately $1,367,000. Wambolt & Associates LLC bought a new position in Fiserv in the fourth quarter valued at about $404,000. Checchi Capital Advisers LLC purchased a new position in shares of Fiserv in the fourth quarter worth approximately $532,000. Boston Partners bought a new stake in shares of Fiserv during the 4th quarter valued at $1,299,000. Finally, McKinley Carter Wealth Services Inc. purchased a new stake in Fiserv in the fourth quarter worth about $7,880,000. Institutional investors own 89.69% of the company’s stock.

About Fiserv

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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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Earnings History and Estimates for Fiserv (NYSE:FI)

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