Q2 2024 EPS Estimates for Fiserv, Inc. Decreased by Analyst (NYSE:FI)

Fiserv, Inc. (NYSE:FI) – Stock analysts at B. Riley decreased their Q2 2024 EPS estimates for Fiserv in a research report issued to clients and investors on Tuesday, April 23rd. B. Riley analyst H. Goetsch now expects that the business services provider will post earnings of $2.07 per share for the quarter, down from their prior forecast of $2.08. B. Riley has a “Buy” rating and a $180.00 price target on the stock. The consensus estimate for Fiserv’s current full-year earnings is $8.67 per share. B. Riley also issued estimates for Fiserv’s FY2025 earnings at $10.27 EPS.

Fiserv (NYSE:FI) last released its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.11. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The business had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.57 billion. During the same period in the previous year, the company earned $1.58 earnings per share. The business’s revenue for the quarter was up 7.4% on a year-over-year basis.

Several other equities analysts have also issued reports on the stock. KeyCorp lifted their price target on shares of Fiserv from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Stephens reaffirmed an “equal weight” rating and issued a $165.00 price target on shares of Fiserv in a report on Wednesday. Robert W. Baird lifted their price target on shares of Fiserv from $185.00 to $186.00 and gave the stock an “outperform” rating in a report on Wednesday. Morgan Stanley boosted their price objective on shares of Fiserv from $133.00 to $142.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Finally, Royal Bank of Canada boosted their price objective on shares of Fiserv from $158.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday. Six equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $164.33.

Fiserv Price Performance

NYSE FI opened at $155.89 on Thursday. The firm’s fifty day simple moving average is $152.54 and its two-hundred day simple moving average is $137.74. 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 has a 12-month low of $109.11 and a 12-month high of $159.99. The firm has a market capitalization of $91.78 billion, a P/E ratio of 29.14, a P/E/G ratio of 1.24 and a beta of 0.91.

Insider Buying and Selling at Fiserv

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Meritage Portfolio Management acquired a new position in shares of Fiserv in the fourth quarter worth about $995,000. Piscataqua Savings Bank acquired a new position in shares of Fiserv during the 4th quarter worth about $67,000. GHP Investment Advisors Inc. acquired a new position in shares of Fiserv during the 4th quarter worth about $78,000. Liberty Capital Management Inc. acquired a new position in shares of Fiserv during the 4th quarter worth about $7,071,000. Finally, Birch Hill Investment Advisors LLC acquired a new position in shares of Fiserv during the 4th quarter worth about $84,583,000. Institutional investors and hedge funds own 90.98% 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.