Fiserv, Inc. (NYSE:FI) to Post Q2 2024 Earnings of $2.07 Per Share, B. Riley Forecasts

Fiserv, Inc. (NYSE:FI) – B. Riley decreased their Q2 2024 EPS estimates for shares of Fiserv in a report issued on Tuesday, April 23rd. B. Riley analyst H. Goetsch now expects that the business services provider will post earnings of $2.07 per share for the quarter, down from their prior estimate of $2.08. B. Riley currently has a “Buy” rating and a $180.00 target price on the stock. The consensus estimate for Fiserv’s current full-year earnings is $8.63 per share. B. Riley also issued estimates for Fiserv’s FY2025 earnings at $10.27 EPS.

FI has been the subject of a number of other reports. Jefferies Financial Group lifted their price target on shares of Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a research report on Monday, March 25th. Royal Bank of Canada lifted their price target on shares of Fiserv from $158.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday. Barclays lifted their price target on shares of Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. Evercore ISI reissued an “outperform” rating and set a $185.00 price target on shares of Fiserv in a research report on Tuesday, March 26th. Finally, Morgan Stanley lifted their price target on shares of Fiserv from $133.00 to $142.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Six investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $164.33.

Fiserv Trading Up 0.7 %

Shares of FI opened at $153.29 on Thursday. Fiserv has a 1-year low of $109.11 and a 1-year high of $159.99. The firm has a market capitalization of $90.25 billion, a price-to-earnings ratio of 28.65, a PEG ratio of 1.27 and a beta of 0.91. The firm’s 50-day moving average price is $152.39 and its 200-day moving average price is $137.45. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.81.

Fiserv (NYSE:FI) last announced its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. The firm had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.57 billion. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.58 EPS.

Insider Transactions at Fiserv

In related news, COO Guy Chiarello sold 63,646 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $25,209,646. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 111,575 shares of company stock worth $17,022,387 over the last three months. 0.75% of the stock is currently owned by company insiders.

Institutional Trading of Fiserv

Several large investors have recently added to or reduced their stakes in FI. Vanguard Group Inc. bought a new position in shares of Fiserv in the third quarter worth approximately $5,705,241,000. Price T Rowe Associates Inc. MD bought a new position in shares of Fiserv in the fourth quarter worth approximately $5,885,279,000. Capital World Investors bought a new position in shares of Fiserv in the fourth quarter worth approximately $2,329,623,000. Massachusetts Financial Services Co. MA bought a new position in shares of Fiserv in the fourth quarter worth approximately $960,592,000. Finally, Veritas Asset Management LLP bought a new position in shares of Fiserv in the fourth quarter worth approximately $927,298,000. 90.98% of the stock is currently owned by institutional investors.

Fiserv Company Profile

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.