Research Analysts Set Expectations for Fiserv, Inc.’s Q1 2024 Earnings (NYSE:FI)

Fiserv, Inc. (NYSE:FIFree Report) – Wedbush issued their Q1 2024 earnings per share (EPS) estimates for shares of Fiserv in a report released on Tuesday, February 6th. Wedbush analyst M. Katri anticipates that the business services provider will post earnings per share of $1.87 for the quarter. Wedbush has a “Outperform” rating and a $150.00 price objective on the stock. The consensus estimate for Fiserv’s current full-year earnings is $8.62 per share. Wedbush also issued estimates for Fiserv’s Q2 2024 earnings at $2.11 EPS, Q3 2024 earnings at $2.20 EPS, Q4 2024 earnings at $2.47 EPS, FY2024 earnings at $8.64 EPS and FY2025 earnings at $9.40 EPS.

FI has been the subject of a number of other research reports. BMO Capital Markets initiated coverage on Fiserv in a research report on Tuesday, December 5th. They issued an “outperform” rating and a $152.00 target price for the company. Truist Financial boosted their price objective on shares of Fiserv from $140.00 to $145.00 and gave the stock a “hold” rating in a research note on Wednesday. Oppenheimer raised shares of Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 target price for the company in a research note on Thursday, January 11th. Raymond James increased their price objective on shares of Fiserv from $145.00 to $147.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. Finally, KeyCorp raised Fiserv from a “sector weight” rating to an “overweight” rating and set a $180.00 price target on the stock in a report on Monday, January 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Fiserv has a consensus rating of “Moderate Buy” and a consensus target price of $149.13.

Check Out Our Latest Stock Report on Fiserv

Fiserv Trading Up 1.2 %

Shares of FI stock opened at $142.72 on Thursday. The business’s fifty day moving average is $136.02 and its 200 day moving average is $125.65. The company has a market capitalization of $85.66 billion, a PE ratio of 28.54, a price-to-earnings-growth ratio of 1.14 and a beta of 0.91. Fiserv has a 52-week low of $103.99 and a 52-week high of $145.87. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.07 and a current ratio of 1.04.

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

Insider Buying and Selling

In other Fiserv news, CAO Kenneth Best sold 9,138 shares of Fiserv stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $127.50, for a total value of $1,165,095.00. Following the transaction, the chief accounting officer now owns 30,691 shares in the company, valued at $3,913,102.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Vice Chairman Christopher M. Foskett sold 25,429 shares of the company’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 value of $3,432,915.00. Following the sale, the insider now owns 97,665 shares in the company, valued at $13,184,775. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Kenneth Best sold 9,138 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $127.50, for a total transaction of $1,165,095.00. Following the completion of the transaction, the chief accounting officer now directly owns 30,691 shares in the company, valued at $3,913,102.50. The disclosure for this sale can be found here. Insiders sold 311,038 shares of company stock valued at $41,389,939 over the last 90 days. Corporate insiders own 18.20% of the company’s stock.

Institutional Trading of Fiserv

A number of hedge funds and other institutional investors have recently modified their holdings of FI. Vanguard Group Inc. boosted its holdings in Fiserv by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 50,506,740 shares of the business services provider’s stock valued at $5,705,241,000 after purchasing an additional 789,232 shares during the last quarter. State Street Corp increased its position in shares of Fiserv by 4.1% during the 1st quarter. State Street Corp now owns 25,700,156 shares of the business services provider’s stock worth $2,904,889,000 after purchasing an additional 1,022,653 shares during the last quarter. Capital World Investors raised its holdings in Fiserv by 15.5% in the 2nd quarter. Capital World Investors now owns 16,391,168 shares of the business services provider’s stock valued at $2,067,746,000 after buying an additional 2,193,931 shares during the period. Geode Capital Management LLC lifted its position in Fiserv by 1.2% in the first quarter. Geode Capital Management LLC now owns 12,421,876 shares of the business services provider’s stock valued at $1,400,906,000 after buying an additional 149,811 shares during the last quarter. Finally, Morgan Stanley boosted its stake in Fiserv by 131.3% during the fourth quarter. Morgan Stanley now owns 9,980,646 shares of the business services provider’s stock worth $1,008,744,000 after buying an additional 5,666,145 shares during the period. 89.69% of the stock is owned by institutional investors and hedge funds.

Fiserv Company Profile

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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.

Further Reading

Earnings History and Estimates for Fiserv (NYSE:FI)

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