Q3 2024 EPS Estimates for Fiserv, Inc. (NYSE:FI) Boosted by Analyst

Fiserv, Inc. (NYSE:FI) – Stock analysts at B. Riley boosted their Q3 2024 earnings estimates for shares of Fiserv in a report issued on Tuesday, April 23rd. B. Riley analyst H. Goetsch now anticipates that the business services provider will post earnings per share of $2.25 for the quarter, up from their prior forecast of $2.24. B. Riley currently 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 FY2024 earnings at $8.74 EPS.

Several other research analysts have also weighed in on the stock. Evercore ISI reissued an “outperform” rating and set a $185.00 price objective on shares of Fiserv in a research note on Tuesday, March 26th. Morgan Stanley upped 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. BMO Capital Markets upped their price objective on shares of Fiserv from $163.00 to $168.00 and gave the company an “outperform” rating in a report on Wednesday. Robert W. Baird upped their price objective on shares of Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, TD Cowen upped their price objective on shares of Fiserv from $167.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday. Six analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.33.

Fiserv Stock Up 0.7 %

Fiserv stock opened at $153.29 on Friday. The company’s 50 day simple moving average is $152.39 and its 200 day simple moving average is $137.45. Fiserv has a fifty-two week low of $109.11 and a fifty-two week high of $159.99. The firm has a market capitalization of $90.25 billion, a price-to-earnings ratio of 28.65, a PEG ratio of 1.24 and a beta of 0.91. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.04.

Fiserv (NYSE:FI) last issued its earnings results 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. The company had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.57 billion. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.58 EPS.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 23,929 shares of the stock in a transaction that occurred 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 owns 163,699 shares of the company’s stock, valued at approximately $24,847,871.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders sold 111,575 shares of company stock valued at $17,022,387. 0.75% of the stock is currently owned by company insiders.

Institutional Trading of Fiserv

Large investors have recently modified their holdings of the stock. Cooper Financial Group grew its holdings in Fiserv by 3.1% during the 1st quarter. Cooper Financial Group now owns 2,243 shares of the business services provider’s stock valued at $358,000 after buying an additional 67 shares in the last quarter. BSW Wealth Partners grew its holdings in Fiserv by 2.8% during the 1st quarter. BSW Wealth Partners now owns 2,821 shares of the business services provider’s stock valued at $451,000 after buying an additional 76 shares in the last quarter. Wedmont Private Capital grew its holdings in Fiserv by 1.8% during the 1st quarter. Wedmont Private Capital now owns 4,898 shares of the business services provider’s stock valued at $761,000 after buying an additional 87 shares in the last quarter. Apeiron RIA LLC grew its holdings in Fiserv by 2.9% during the 3rd quarter. Apeiron RIA LLC now owns 3,217 shares of the business services provider’s stock valued at $363,000 after buying an additional 90 shares in the last quarter. Finally, Brighton Jones LLC grew its holdings in Fiserv by 4.0% during the 3rd quarter. Brighton Jones LLC now owns 2,385 shares of the business services provider’s stock valued at $269,000 after buying an additional 92 shares in the last quarter. 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.