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

Fiserv, Inc. (NYSE:FI) – Investment analysts at Seaport Res Ptn increased their FY2024 earnings estimates for shares of Fiserv in a note issued to investors on Tuesday, April 23rd. Seaport Res Ptn analyst J. Cantwell now expects that the business services provider will post earnings per share of $8.73 for the year, up from their previous forecast of $8.64. The consensus estimate for Fiserv’s current full-year earnings is $8.67 per share. Seaport Res Ptn also issued estimates for Fiserv’s Q4 2024 earnings at $2.54 EPS and FY2025 earnings at $10.21 EPS.

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

Other equities research analysts have also issued reports about the stock. Robert W. Baird increased their price objective on shares of Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a report on Wednesday. KeyCorp lifted their target price on Fiserv from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Barclays increased their price target on Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. Susquehanna lifted their price objective on Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a research note on Monday, March 25th. Finally, BNP Paribas upgraded 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 nineteen have given a buy rating to the company. According to MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and a consensus target price of $164.33.

Fiserv Stock Up 1.7 %

Shares of FI opened at $155.89 on Thursday. The business’s 50 day moving average is $152.54 and its 200 day moving average is $137.74. 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 has a 12-month low of $109.11 and a 12-month high of $159.99. The company has a market capitalization of $91.78 billion, a PE ratio of 29.14, a price-to-earnings-growth ratio of 1.24 and a beta of 0.91.

Insider Buying and Selling at Fiserv

In other news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $149.53, for a total value of $3,588,720.00. Following the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $24,477,911.47. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders sold 111,575 shares of company stock worth $17,022,387 over the last 90 days. Company insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FI. Hollencrest Capital Management grew its stake in Fiserv by 75.8% in the 3rd quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock worth $26,000 after acquiring an additional 100 shares in the last quarter. West Oak Capital LLC bought a new stake in shares of Fiserv during the fourth quarter valued at approximately $27,000. Halpern Financial Inc. purchased a new stake in shares of Fiserv in the fourth quarter valued at approximately $27,000. GW&K Investment Management LLC bought a new position in Fiserv in the fourth quarter worth approximately $27,000. Finally, RE Dickinson Investment Advisors LLC purchased a new position in Fiserv during the 4th quarter worth $27,000. 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.