Seaport Res Ptn Brokers Cut Earnings Estimates for Fiserv, Inc. (NYSE:FI)

Fiserv, Inc. (NYSE:FI) – Investment analysts at Seaport Res Ptn dropped their Q3 2024 earnings estimates for shares of Fiserv in a report released on Thursday, July 11th. Seaport Res Ptn analyst J. Cantwell now anticipates that the business services provider will earn $2.24 per share for the quarter, down from their prior forecast of $2.25. The consensus estimate for Fiserv’s current full-year earnings is $8.69 per share. Seaport Res Ptn also issued estimates for Fiserv’s Q1 2025 earnings at $2.23 EPS.

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

A number of other analysts have also commented on the company. BMO Capital Markets raised their price target on Fiserv from $163.00 to $168.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Citigroup boosted their price target on shares of Fiserv from $171.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Jefferies Financial Group raised their price objective on shares of Fiserv from $150.00 to $160.00 and gave the stock a “hold” rating in a report on Monday, March 25th. Royal Bank of Canada upped their target price on Fiserv from $158.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Finally, Mizuho raised their target price on Fiserv from $156.00 to $168.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Six research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $165.44.

Fiserv Trading Up 1.1 %

NYSE FI opened at $157.15 on Monday. The stock has a market cap of $91.95 billion, a P/E ratio of 29.37, a price-to-earnings-growth ratio of 1.24 and a beta of 0.92. Fiserv has a fifty-two week low of $109.11 and a fifty-two week high of $159.99. The stock has a 50 day simple moving average of $150.60 and a two-hundred day simple moving average of $148.67. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.06.

Insider Activity at Fiserv

In other news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $148.47, for a total value of $3,563,280.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $24,304,390.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $148.47, for a total value of $3,563,280.00. Following the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $24,304,390.53. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP John Gibbons sold 2,800 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $148.76, for a total value of $416,528.00. Following the completion of the transaction, the executive vice president now directly owns 28,323 shares in the company, valued at approximately $4,213,329.48. The disclosure for this sale can be found here. Insiders have sold 50,800 shares of company stock valued at $7,696,448 over the last ninety days. Insiders own 0.75% of the company’s stock.

Institutional Trading of Fiserv

Several large investors have recently added to or reduced their stakes in FI. Wellington Shields & Co. LLC bought a new stake in Fiserv during the 1st quarter worth approximately $25,000. West Oak Capital LLC bought a new stake in shares of Fiserv during the 4th quarter valued at $27,000. ZRC Wealth Management LLC purchased a new position in shares of Fiserv during the 1st quarter valued at $32,000. Halpern Financial Inc. bought a new position in Fiserv in the 4th quarter worth $27,000. Finally, RE Dickinson Investment Advisors LLC purchased a new stake in Fiserv in the 4th quarter worth $27,000. 90.98% of the stock is currently 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.