FY2024 EPS Estimates for Fiserv Decreased by Seaport Res Ptn

Fiserv, Inc. (NYSE:FI) – Equities research analysts at Seaport Res Ptn dropped their FY2024 earnings estimates for Fiserv in a research report issued on Tuesday, October 22nd. Seaport Res Ptn analyst J. Cantwell now forecasts that the business services provider will post earnings of $8.76 per share for the year, down from their prior estimate of $8.78. The consensus estimate for Fiserv’s current full-year earnings is $8.77 per share. Seaport Res Ptn also issued estimates for Fiserv’s Q4 2024 earnings at $2.48 EPS, Q4 2025 earnings at $2.87 EPS and FY2025 earnings at $10.15 EPS.

A number of other brokerages also recently commented on FI. Robert W. Baird increased their price objective on Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. Keefe, Bruyette & Woods upped their target price on Fiserv from $178.00 to $184.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. B. Riley lifted their price target on Fiserv from $180.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Barclays raised their price objective on shares of Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, StockNews.com raised shares of Fiserv from a “hold” rating to a “buy” rating in a research report on Thursday, September 26th. Four investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Fiserv currently has a consensus rating of “Moderate Buy” and a consensus price target of $204.38.

Fiserv Stock Down 1.9 %

FI stock opened at $199.52 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $114.87 billion, a price-to-earnings ratio of 38.37, a price-to-earnings-growth ratio of 1.53 and a beta of 0.93. The firm’s 50-day moving average is $180.68 and its two-hundred day moving average is $162.66. Fiserv has a 52 week low of $111.53 and a 52 week high of $204.50.

Fiserv (NYSE:FI) last released its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.04. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The firm had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same quarter in the prior year, the business earned $1.96 earnings per share. Fiserv’s quarterly revenue was up 7.0% on a year-over-year basis.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wellington Shields & Co. LLC bought a new position in shares of Fiserv during the 1st quarter valued at about $25,000. Family Firm Inc. acquired a new stake in Fiserv during the 2nd quarter worth approximately $31,000. Clean Yield Group lifted its stake in Fiserv by 431.3% in the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after buying an additional 138 shares in the last quarter. ZRC Wealth Management LLC acquired a new position in shares of Fiserv in the first quarter valued at approximately $32,000. Finally, Cedar Mountain Advisors LLC increased its position 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 acquiring an additional 57 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Doyle Simons sold 40,000 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total value of $8,078,800.00. Following the completion of the sale, the director now owns 76,180 shares in the company, valued at approximately $15,386,074.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction 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 directly 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Doyle Simons sold 40,000 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 76,180 shares of the company’s stock, valued at $15,386,074.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 227,890 shares of company stock valued at $40,934,217. Company insiders own 0.75% of the company’s stock.

About Fiserv

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.