Fiserv, Inc. Forecasted to Post Q3 2024 Earnings of $2.30 Per Share (NYSE:FI)

Fiserv, Inc. (NYSE:FI) – Equities research analysts at Seaport Res Ptn increased their Q3 2024 earnings per share (EPS) estimates for Fiserv in a research note issued on Monday, April 15th. Seaport Res Ptn analyst J. Cantwell now forecasts that the business services provider will post earnings of $2.30 per share for the quarter, up from their previous estimate of $2.25. The consensus estimate for Fiserv’s current full-year earnings is $8.62 per share. Seaport Res Ptn also issued estimates for Fiserv’s Q4 2024 earnings at $2.50 EPS, FY2024 earnings at $8.64 EPS, Q3 2025 earnings at $2.77 EPS, Q4 2025 earnings at $2.94 EPS and FY2025 earnings at $10.09 EPS.

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

A number of other analysts also recently issued reports on FI. Truist Financial lifted their target price on Fiserv from $140.00 to $145.00 and gave the company a “hold” rating in a research report on Wednesday, February 7th. Jefferies Financial Group boosted their price target on Fiserv from $150.00 to $160.00 and gave the stock a “hold” rating in a research report on Monday, March 25th. Susquehanna boosted their price target on Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a research report on Monday, March 25th. B. Riley boosted their price target on Fiserv from $152.00 to $176.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Finally, BNP Paribas raised Fiserv from a “neutral” rating to an “outperform” rating in a research report on Wednesday, January 10th. Six analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and an average price target of $158.21.

Fiserv Price Performance

NYSE:FI opened at $146.40 on Tuesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.04 and a current ratio of 1.04. The stock’s 50-day simple moving average is $151.56 and its 200 day simple moving average is $135.95. The company has a market cap of $86.19 billion, a P/E ratio of 29.28, a P/E/G ratio of 1.24 and a beta of 0.91. Fiserv has a 52-week low of $109.11 and a 52-week high of $159.99.

Institutional Investors Weigh In On Fiserv

Large investors have recently modified their holdings of the stock. Comerica Bank purchased a new stake in shares of Fiserv during the 2nd quarter worth approximately $200,000. West Oak Capital LLC purchased a new position in Fiserv in the 4th quarter valued at approximately $27,000. Halpern Financial Inc. purchased a new position in Fiserv in the 4th quarter valued at approximately $27,000. RE Dickinson Investment Advisors LLC purchased a new position in Fiserv in the 4th quarter valued at approximately $27,000. Finally, GW&K Investment Management LLC purchased a new position in Fiserv in the 4th quarter valued at approximately $27,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Activity at Fiserv

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $149.53, for a total transaction of $3,588,720.00. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $24,477,911.47. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.75% of the stock is owned by insiders.

About Fiserv

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.