William Blair Issues Optimistic Estimate for Fiserv Earnings

Fiserv, Inc. (NYSE:FI) – William Blair upped their FY2024 EPS estimates for Fiserv in a research note issued on Tuesday, October 22nd. William Blair analyst A. Jeffrey now forecasts that the business services provider will post earnings per share of $8.80 for the year, up from their previous estimate of $8.77. William Blair currently has a “Strong-Buy” rating on the stock. The consensus estimate for Fiserv’s current full-year earnings is $8.74 per share. William Blair also issued estimates for Fiserv’s Q4 2024 earnings at $2.51 EPS, Q1 2025 earnings at $2.19 EPS, Q2 2025 earnings at $2.46 EPS, Q3 2025 earnings at $2.66 EPS, Q4 2025 earnings at $2.92 EPS, FY2025 earnings at $10.21 EPS and FY2026 earnings at $11.97 EPS.

Several other research analysts have also issued reports on the stock. Robert W. Baird increased their price target on shares of Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. UBS Group increased their price target on shares of Fiserv from $185.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday. StockNews.com raised shares of Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. Jefferies Financial Group raised their price objective on shares of Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday. Finally, BMO Capital Markets raised their price objective on shares of Fiserv from $175.00 to $191.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Four equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $204.38.

Fiserv Stock Performance

NYSE:FI opened at $199.52 on Thursday. Fiserv has a 12-month low of $111.53 and a 12-month high of $204.50. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $116.74 billion, a PE ratio of 37.29, a price-to-earnings-growth ratio of 1.44 and a beta of 0.93. The firm has a 50-day moving average price of $180.04 and a 200 day moving average price of $162.37.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bessemer Group Inc. lifted its stake in Fiserv by 67.2% in the first quarter. Bessemer Group Inc. now owns 3,251,722 shares of the business services provider’s stock valued at $519,690,000 after buying an additional 1,306,901 shares in the last quarter. Capital World Investors lifted its stake in Fiserv by 7.4% in the first quarter. Capital World Investors now owns 18,840,137 shares of the business services provider’s stock valued at $3,011,031,000 after buying an additional 1,303,078 shares in the last quarter. Maj Invest Holding A S bought a new position in Fiserv in the third quarter valued at approximately $172,993,000. Manning & Napier Advisors LLC bought a new position in Fiserv in the second quarter valued at approximately $105,031,000. Finally, American Century Companies Inc. lifted its stake in Fiserv by 1,642.5% in the second quarter. American Century Companies Inc. now owns 500,239 shares of the business services provider’s stock valued at $74,556,000 after buying an additional 471,531 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Doyle Simons sold 40,000 shares of Fiserv stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the completion of the sale, the director now directly owns 76,180 shares of the company’s stock, valued at $15,386,074.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the transaction, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Doyle Simons sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the completion of the sale, the director now directly owns 76,180 shares of the company’s stock, valued at $15,386,074.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 227,890 shares of company stock valued at $40,934,217 in the last 90 days. 0.75% of the stock is owned by company 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.