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

Fiserv, Inc. (NYSE:FI) – Stock analysts at Seaport Res Ptn increased their FY2024 EPS estimates for Fiserv in a research note issued to investors on Tuesday, April 23rd. Seaport Res Ptn analyst J. Cantwell now anticipates that the business services provider will post earnings of $8.73 per share for the year, up from their prior estimate of $8.64. The consensus estimate for Fiserv’s current full-year earnings is $8.63 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.

Fiserv (NYSE:FI) last announced its 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. 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 quarter in the previous year, the firm posted $1.58 earnings per share. Fiserv’s revenue was up 7.4% compared to the same quarter last year.

Several other equities research analysts have also issued reports on FI. Evercore ISI reissued an “outperform” rating and issued a $185.00 price target on shares of Fiserv in a report on Tuesday, March 26th. StockNews.com started coverage on shares of Fiserv in a report on Saturday, February 3rd. They issued a “buy” rating on the stock. Morgan Stanley boosted 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. Oppenheimer raised shares of Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 price target on the stock in a report on Thursday, January 11th. Finally, Robert W. Baird boosted their price target on shares of Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a report on Wednesday. Six research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $164.33.

Fiserv Trading Down 2.0 %

Shares of FI stock opened at $152.25 on Thursday. The firm has a market capitalization of $89.64 billion, a P/E ratio of 28.46, a price-to-earnings-growth ratio of 1.27 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. The firm’s fifty day simple moving average is $152.28 and its 200 day simple moving average is $137.34. Fiserv has a 1 year low of $109.11 and a 1 year high of $159.99.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 23,929 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders sold 111,575 shares of company stock valued at $17,022,387. 0.75% of the stock is currently owned by insiders.

Institutional Trading of Fiserv

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Piscataqua Savings Bank bought a new stake in Fiserv during the 4th quarter worth about $67,000. GHP Investment Advisors Inc. bought a new stake in shares of Fiserv in the 4th quarter valued at about $78,000. Liberty Capital Management Inc. bought a new stake in shares of Fiserv in the 4th quarter valued at about $7,071,000. Birch Hill Investment Advisors LLC bought a new stake in shares of Fiserv in the 4th quarter valued at about $84,583,000. Finally, Graypoint LLC bought a new stake in shares of Fiserv in the 4th quarter valued at about $3,732,000. 90.98% of the stock is 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.