Fiserv, Inc. (NYSE:FI) to Post FY2024 Earnings of $8.73 Per Share, Seaport Res Ptn Forecasts

Fiserv, Inc. (NYSE:FI) – Equities research analysts at Seaport Res Ptn upped their FY2024 earnings per share (EPS) estimates for Fiserv in a note issued to investors on Tuesday, April 23rd. Seaport Res Ptn analyst J. Cantwell now anticipates 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.

Several other brokerages also recently commented on FI. BMO Capital Markets raised their target price on Fiserv from $163.00 to $168.00 and gave the company an “outperform” rating in a research note on Wednesday. Stephens restated an “equal weight” rating and set a $165.00 price objective on shares of Fiserv in a report on Wednesday. TD Cowen increased their target price on Fiserv from $167.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday. Oppenheimer raised shares of Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 price target for the company in a research report on Thursday, January 11th. Finally, B. Riley upped their price objective on shares of Fiserv from $176.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday. Six analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, Fiserv has an average rating of “Moderate Buy” and a consensus target price of $164.33.

Fiserv Trading Up 1.7 %

FI opened at $155.89 on Thursday. The company has a fifty day moving average price of $152.54 and a two-hundred day moving average price of $137.74. Fiserv has a 1-year low of $109.11 and a 1-year high of $159.99. The company has a market cap of $91.78 billion, a P/E ratio of 29.14, a price-to-earnings-growth ratio of 1.24 and a beta of 0.91. 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 (NYSE:FI) last posted 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 firm had revenue of $4.88 billion for the quarter, compared to analysts’ expectations of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.58 EPS.

Insider Activity at Fiserv

In other Fiserv news, COO Guy Chiarello sold 23,929 shares of Fiserv stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $151.79, for a total value of $3,632,182.91. Following the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $24,847,871.21. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders sold 111,575 shares of company stock worth $17,022,387. 0.75% of the stock is owned by company insiders.

Institutional Trading of Fiserv

Hedge funds have recently made changes to their positions in the company. Hollencrest Capital Management raised 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 valued at $26,000 after acquiring an additional 100 shares during the period. West Oak Capital LLC purchased a new position in shares of Fiserv in the fourth quarter worth about $27,000. Halpern Financial Inc. bought a new stake in shares of Fiserv in the fourth quarter valued at approximately $27,000. GW&K Investment Management LLC purchased a new stake in shares of Fiserv during the 4th quarter valued at approximately $27,000. Finally, RE Dickinson Investment Advisors LLC bought a new position in Fiserv in the 4th quarter worth approximately $27,000. 90.98% of the stock is currently owned by institutional investors.

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.