FY2024 EPS Estimates for Fiserv, Inc. Lifted by Analyst (NYSE:FI)

Fiserv, Inc. (NYSE:FI) – Analysts at Seaport Res Ptn increased their FY2024 earnings per share (EPS) estimates for Fiserv in a report released on Wednesday, July 24th. Seaport Res Ptn analyst J. Cantwell now forecasts that the business services provider will earn $8.77 per share for the year, up from their prior forecast of $8.71. The consensus estimate for Fiserv’s current full-year earnings is $8.73 per share. Seaport Res Ptn also issued estimates for Fiserv’s Q1 2025 earnings at $2.22 EPS and Q2 2025 earnings at $2.49 EPS.

Other research analysts also recently issued research reports about the company. BMO Capital Markets lifted their price target on Fiserv from $168.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. UBS Group upped their price target on shares of Fiserv from $170.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Stephens reiterated an “equal weight” rating and issued a $165.00 price target on shares of Fiserv in a research report on Wednesday, April 24th. Wells Fargo & Company lifted their price objective on Fiserv from $180.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Finally, Robert W. Baird upped their target price on Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Five analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $172.29.

Fiserv Stock Up 0.3 %

FI opened at $163.12 on Monday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $93.91 billion, a price-to-earnings ratio of 30.49, a PEG ratio of 1.29 and a beta of 0.92. Fiserv has a one year low of $109.11 and a one year high of $164.46. The business’s fifty day moving average is $151.73 and its two-hundred day moving average is $150.41.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. The business had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $4.81 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.81 EPS.

Institutional Investors Weigh In On Fiserv

A number of large investors have recently modified their holdings of the stock. Wellington Shields & Co. LLC acquired a new stake in Fiserv in the first quarter valued at approximately $25,000. ZRC Wealth Management LLC purchased a new stake in Fiserv during the 1st quarter worth $32,000. RE Dickinson Investment Advisors LLC purchased a new stake in Fiserv during the 4th quarter worth $27,000. GW&K Investment Management LLC acquired a new position in Fiserv in the 4th quarter worth $27,000. Finally, Family Firm Inc. purchased a new position in Fiserv in the 2nd quarter valued at about $31,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Activity at Fiserv

In other news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $148.47, for a total transaction of $3,563,280.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares in the company, valued at approximately $24,304,390.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $148.47, for a total value of $3,563,280.00. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $24,304,390.53. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP John Gibbons sold 2,800 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $148.76, for a total transaction of $416,528.00. Following the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at $4,213,329.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,800 shares of company stock worth $7,696,448. 0.75% of the stock is owned by insiders.

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.