Fiserv (FI) to Release Earnings on Tuesday

Fiserv (NYSE:FI) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, April 23rd. Analysts expect Fiserv to post earnings of $1.79 per share for the quarter. Fiserv has set its FY 2024 guidance at 8.550-8.700 EPS and its FY24 guidance at $8.55-8.70 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Fiserv (NYSE:FI) last released its quarterly earnings results on Tuesday, February 6th. The business services provider reported $2.19 EPS for the quarter, topping the consensus estimate of $2.15 by $0.04. The company had revenue of $4.92 billion during 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 firm’s revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the business posted $1.91 earnings per share. On average, analysts expect Fiserv to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Fiserv Trading Up 1.2 %

FI opened at $148.62 on Friday. The firm has a market cap of $87.50 billion, a P/E ratio of 29.72, a P/E/G ratio of 1.20 and a beta of 0.91. Fiserv has a 12 month low of $109.11 and a 12 month high of $159.99. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73. The stock has a 50-day moving average of $151.81 and a 200 day moving average of $136.53.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FI. Oppenheimer upgraded Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 target price for the company in a research report on Thursday, January 11th. Barclays boosted their target price on Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. Evercore ISI restated an “outperform” rating and set a $185.00 target price on shares of Fiserv in a research report on Tuesday, March 26th. Susquehanna boosted their target price on Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a research report on Monday, March 25th. Finally, Morgan Stanley boosted their target price on Fiserv from $133.00 to $142.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Six analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $158.21.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $154.00, for a total value of $9,801,484.00. Following the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $25,209,646. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last three months, insiders have sold 111,575 shares of company stock valued at $17,022,387. 0.75% of the stock is owned by insiders.

Institutional Investors Weigh In On Fiserv

A number of institutional investors have recently modified their holdings of FI. Dodge & Cox purchased a new position in Fiserv in the 4th quarter valued at about $4,631,675,000. State Street Corp lifted its stake in Fiserv by 4.1% in the 1st quarter. State Street Corp now owns 25,700,156 shares of the business services provider’s stock valued at $2,904,889,000 after buying an additional 1,022,653 shares in the last quarter. Geode Capital Management LLC lifted its stake in Fiserv by 1.2% in the 1st 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 in the last quarter. Morgan Stanley lifted its stake in Fiserv by 131.3% in the 4th quarter. Morgan Stanley now owns 9,980,646 shares of the business services provider’s stock valued at $1,008,744,000 after buying an additional 5,666,145 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in Fiserv by 14.1% in the 2nd quarter. Nuveen Asset Management LLC now owns 6,606,698 shares of the business services provider’s stock valued at $833,435,000 after buying an additional 817,660 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

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.