Fiserv, Inc. to Post Q1 2024 Earnings of $1.84 Per Share, Seaport Res Ptn Forecasts (NYSE:FI)

Fiserv, Inc. (NYSE:FI) – Equities research analysts at Seaport Res Ptn decreased their Q1 2024 earnings per share estimates for shares of Fiserv in a research report issued to clients and investors on Monday, April 15th. Seaport Res Ptn analyst J. Cantwell now forecasts that the business services provider will earn $1.84 per share for the quarter, down from their prior estimate of $1.92. The consensus estimate for Fiserv’s current full-year earnings is $8.62 per share. Seaport Res Ptn also issued estimates for Fiserv’s Q2 2024 earnings at $2.02 EPS, Q1 2025 earnings at $2.13 EPS and Q2 2025 earnings at $2.27 EPS.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Tuesday, February 6th. The business services provider reported $2.19 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.04. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The company had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.68 billion. During the same period in the prior year, the business posted $1.91 EPS. The company’s quarterly revenue was up 6.2% on a year-over-year basis.

Other equities research analysts also recently issued reports about the stock. Barclays raised their target price on shares of Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. StockNews.com initiated coverage on shares of Fiserv in a research report on Saturday, February 3rd. They set a “buy” rating for the company. Truist Financial raised their price objective on shares of Fiserv from $140.00 to $145.00 and gave the stock a “hold” rating in a research report on Wednesday, February 7th. Royal Bank of Canada raised their price objective on shares of Fiserv from $144.00 to $158.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Finally, BMO Capital Markets raised their price objective on shares of Fiserv from $152.00 to $157.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Six analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.21.

Fiserv Trading Up 0.5 %

Shares of NYSE:FI opened at $147.13 on Wednesday. Fiserv has a 52-week low of $109.11 and a 52-week high of $159.99. The company has a market capitalization of $86.62 billion, a P/E ratio of 29.43, a price-to-earnings-growth ratio of 1.21 and a beta of 0.91. The company has a 50-day simple moving average of $151.65 and a 200 day simple moving average of $136.03. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.04 and a current ratio of 1.04.

Hedge Funds Weigh In On Fiserv

A number of institutional investors and hedge funds have recently made changes to their positions in FI. AMI Investment Management Inc. raised its holdings in shares of Fiserv by 33.6% in the 1st quarter. AMI Investment Management Inc. now owns 27,999 shares of the business services provider’s stock worth $2,839,000 after acquiring an additional 7,047 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Fiserv by 10.4% in the 1st quarter. American Century Companies Inc. now owns 9,227 shares of the business services provider’s stock worth $936,000 after acquiring an additional 870 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Fiserv by 158.2% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 963 shares of the business services provider’s stock worth $98,000 after acquiring an additional 590 shares during the last quarter. Prudential PLC acquired a new stake in shares of Fiserv in the 1st quarter worth about $1,095,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Fiserv in the 1st quarter worth about $357,000. Institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In other news, COO Guy Chiarello sold 63,646 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $25,209,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders have sold 111,575 shares of company stock valued at $17,022,387. 0.75% of the stock is currently owned by 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.