Q3 2024 EPS Estimates for Fiserv, Inc. Boosted by Analyst (NYSE:FI)

Fiserv, Inc. (NYSE:FI) – Equities research analysts at Seaport Res Ptn increased their Q3 2024 earnings estimates for Fiserv in a research report issued on Monday, April 15th. Seaport Res Ptn analyst J. Cantwell now anticipates that the business services provider will post earnings of $2.30 per share for the quarter, up from their prior forecast 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 announced its quarterly earnings data 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. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The firm had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.68 billion. During the same period in the previous year, the firm posted $1.91 earnings per share. The firm’s revenue was up 6.2% on a year-over-year basis.

Several other equities research analysts have also recently commented on FI. Oppenheimer raised Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 price target for the company in a research note on Thursday, January 11th. KeyCorp upgraded shares of 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. StockNews.com started coverage on shares of Fiserv in a report on Saturday, February 3rd. They issued a “buy” rating for the company. Jefferies Financial Group raised their target price on Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a report on Monday, March 25th. Finally, B. Riley upped their price target on Fiserv from $152.00 to $176.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Six investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.21.

Fiserv Stock Performance

Shares of NYSE FI opened at $147.13 on Tuesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.04 and a quick ratio of 1.04. Fiserv has a one year low of $109.11 and a one year high of $159.99. The business’s 50-day moving average price is $151.65 and its two-hundred day moving average price is $136.03. The company has a market capitalization of $86.62 billion, a P/E ratio of 29.43, a price-to-earnings-growth ratio of 1.21 and a beta of 0.91.

Insider Activity at Fiserv

In other news, COO Guy Chiarello sold 63,646 shares of the company’s stock in a transaction dated 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 transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $25,209,646. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 111,575 shares of company stock worth $17,022,387 in the last ninety days. 0.75% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of 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 buying an additional 789,232 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in shares of Fiserv during the 4th quarter valued at about $5,885,279,000. Dodge & Cox bought a new stake in Fiserv in the fourth quarter valued at about $4,631,675,000. State Street Corp raised its position in Fiserv by 4.1% in the first 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 in the last quarter. Finally, Capital World Investors acquired a new position in Fiserv in the fourth quarter worth about $2,329,623,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

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.