B. Riley Has Positive Estimate for Fiserv Q4 Earnings

Fiserv, Inc. (NYSE:FI) – Investment analysts at B. Riley increased their Q4 2024 earnings per share (EPS) estimates for Fiserv in a research report issued to clients and investors on Monday, October 21st. B. Riley analyst H. Goetsch now anticipates that the business services provider will earn $2.52 per share for the quarter, up from their prior estimate of $2.50. B. Riley has a “Buy” rating and a $185.00 price objective on the stock. The consensus estimate for Fiserv’s current full-year earnings is $8.74 per share.

Fiserv (NYSE:FI) last announced its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.04. The firm had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The business’s revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.96 EPS.

A number of other brokerages have also weighed in on FI. StockNews.com raised shares of Fiserv from a “hold” rating to a “buy” rating in a research note on Thursday, September 26th. BTIG Research assumed coverage on Fiserv in a research note on Wednesday, August 28th. They issued a “buy” rating and a $200.00 price target on the stock. Morgan Stanley boosted their price target on Fiserv from $177.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Susquehanna raised their price objective on Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a report on Friday, October 18th. Finally, KeyCorp upped their target price on shares of Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday. Four research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $202.08.

Fiserv Stock Up 0.4 %

Shares of NYSE FI opened at $203.26 on Wednesday. The firm has a market cap of $118.93 billion, a price-to-earnings ratio of 38.00, a price-to-earnings-growth ratio of 1.44 and a beta of 0.93. The company’s 50-day simple moving average is $179.29 and its 200-day simple moving average is $162.09. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85. Fiserv has a 52-week low of $111.53 and a 52-week high of $204.50.

Institutional Investors Weigh In On Fiserv

Large investors have recently added to or reduced their stakes in the business. Wellington Shields & Co. LLC purchased a new stake in Fiserv during the 1st quarter worth about $25,000. Clean Yield Group grew its position in shares of Fiserv by 431.3% during the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after buying an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC increased its stake in shares of Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after buying an additional 57 shares during the period. ZRC Wealth Management LLC acquired a new stake in Fiserv in the first quarter valued at approximately $32,000. Finally, Family Firm Inc. purchased a new position in Fiserv in the second quarter worth approximately $31,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Fiserv

In other news, EVP John Gibbons sold 18,890 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total value of $3,177,486.90. Following the transaction, the executive vice president now directly owns 28,323 shares in the company, valued at approximately $4,764,211.83. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP John Gibbons sold 18,890 shares of Fiserv stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the completion of the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $164.97, for a total value of $3,959,280.00. Following the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $27,005,424.03. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 227,890 shares of company stock worth $40,934,217. Company insiders own 0.75% of the company’s stock.

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.