Research Analysts Set Expectations for Fiserv, Inc.’s Q4 2024 Earnings (NYSE:FI)

Fiserv, Inc. (NYSE:FI) – Stock analysts at William Blair reduced their Q4 2024 earnings estimates for Fiserv in a research report issued on Tuesday, April 23rd. William Blair analyst C. Kennedy now forecasts that the business services provider will post earnings of $2.40 per share for the quarter, down from their prior forecast of $2.48. The consensus estimate for Fiserv’s current full-year earnings is $8.69 per share.

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

FI has been the subject of a number of other research reports. BNP Paribas raised shares of Fiserv from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 10th. Truist Financial boosted their target price on shares of Fiserv from $140.00 to $145.00 and gave the stock a “hold” rating in a research note on Wednesday, February 7th. Royal Bank of Canada boosted their target price on shares of Fiserv from $158.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday. Susquehanna boosted their target price on shares of Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a research note on Monday, March 25th. Finally, Barclays boosted their target price on shares of Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, Fiserv has an average rating of “Moderate Buy” and an average price target of $164.33.

Fiserv Stock Up 1.7 %

FI 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 company has a debt-to-equity ratio of 0.81, a quick ratio of 1.04 and a current ratio of 1.06. The company has a fifty day moving average of $152.54 and a two-hundred day moving average of $137.90. The stock has a market capitalization of $91.21 billion, a price-to-earnings ratio of 29.14, a PEG ratio of 1.24 and a beta of 0.91.

Institutional Investors Weigh In On Fiserv

A number of institutional investors have recently made changes to their positions in FI. Vanguard Group Inc. grew its holdings in shares of Fiserv by 1.6% in the third quarter. Vanguard Group Inc. now owns 50,506,740 shares of the business services provider’s stock valued at $5,705,241,000 after purchasing an additional 789,232 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new position in shares of Fiserv in the fourth quarter valued at approximately $5,885,279,000. Capital World Investors acquired a new position in shares of Fiserv in the fourth quarter valued at approximately $2,329,623,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Fiserv in the fourth quarter valued at approximately $960,592,000. Finally, Veritas Asset Management LLP acquired a new position in shares of Fiserv in the fourth quarter valued at approximately $927,298,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $149.53, for a total transaction of $3,588,720.00. Following the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $24,477,911.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 111,575 shares of company stock valued at $17,022,387 over the last ninety days. Company insiders own 0.75% 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.