Q2 2024 EPS Estimates for Fiserv, Inc. Raised by Seaport Res Ptn (NYSE:FI)

Fiserv, Inc. (NYSE:FI) – Stock analysts at Seaport Res Ptn raised their Q2 2024 earnings estimates for shares of Fiserv in a research note issued on Tuesday, April 23rd. Seaport Res Ptn analyst J. Cantwell now expects that the business services provider will earn $2.08 per share for the quarter, up from their prior estimate of $2.02. The consensus estimate for Fiserv’s current full-year earnings is $8.69 per share. Seaport Res Ptn also issued estimates for Fiserv’s Q3 2024 earnings at $2.25 EPS, Q1 2025 earnings at $2.22 EPS, Q2 2025 earnings at $2.43 EPS and Q3 2025 earnings at $2.64 EPS.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $4.57 billion. During the same quarter in the prior year, the firm posted $1.58 earnings per share. The company’s quarterly revenue was up 7.4% compared to the same quarter last year.

Several other equities analysts have also commented on FI. UBS Group upped their target price on Fiserv from $170.00 to $185.00 and gave the company a “buy” rating in a research note on Wednesday. Citigroup upped their price objective on shares of Fiserv from $171.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday. Oppenheimer raised shares of Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 target price on the stock in a research report on Thursday, January 11th. BNP Paribas raised shares of Fiserv from a “neutral” rating to an “outperform” rating in a research report on Wednesday, January 10th. Finally, Morgan Stanley lifted their price target 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. Six analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $164.33.

Fiserv Trading Up 1.7 %

Shares of Fiserv stock opened at $155.89 on Friday. Fiserv has a fifty-two week low of $109.11 and a fifty-two week high of $159.99. The business’s fifty day moving average is $152.54 and its two-hundred day moving average is $137.90. The company has a quick ratio of 1.04, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. The firm has a market cap of $91.21 billion, a PE 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 related news, COO Guy Chiarello sold 23,929 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $151.79, for a total transaction of $3,632,182.91. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $24,847,871.21. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 111,575 shares of company stock valued at $17,022,387 over the last 90 days. 0.75% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

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