Q2 2024 EPS Estimates for Fiserv, Inc. Decreased by Analyst (NYSE:FI)

Fiserv, Inc. (NYSE:FI) – Analysts at B. Riley dropped their Q2 2024 EPS estimates for shares of Fiserv in a report released on Tuesday, April 23rd. B. Riley analyst H. Goetsch now expects that the business services provider will post earnings per share of $2.07 for the quarter, down from their prior estimate of $2.08. B. Riley currently has a “Buy” rating and a $180.00 target price 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 FY2025 earnings at $10.27 EPS.

Other equities research analysts have also issued reports about the stock. Barclays lifted their price target 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. Evercore ISI reiterated an “outperform” rating and set a $185.00 price target on shares of Fiserv in a research note on Tuesday, March 26th. Royal Bank of Canada lifted their price target on shares of Fiserv from $158.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday. TD Cowen lifted their price target on shares of Fiserv from $167.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Citigroup lifted their price target on shares of Fiserv from $171.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday. Six analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $164.33.

Fiserv Price Performance

Shares of FI opened at $155.89 on Thursday. Fiserv has a twelve month low of $109.11 and a twelve month high of $159.99. The firm’s fifty day simple moving average is $152.54 and its 200-day simple moving average is $137.74. The firm has a market capitalization of $91.78 billion, a price-to-earnings ratio of 29.14, a PEG ratio of 1.24 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.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share 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 business had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.57 billion. During the same period last year, the business earned $1.58 EPS. The company’s revenue was up 7.4% on a year-over-year basis.

Insider Activity

In other 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 value of $3,588,720.00. Following the sale, the chief operating officer now 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 SEC, which can be accessed through this hyperlink. Insiders have sold a total of 111,575 shares of company stock valued at $17,022,387 over the last quarter. Corporate insiders own 0.75% of the company’s stock.

Institutional Trading of Fiserv

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Hollencrest Capital Management boosted its holdings in Fiserv by 75.8% during the third quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock worth $26,000 after buying an additional 100 shares in the last quarter. West Oak Capital LLC purchased a new stake in Fiserv during the fourth quarter worth about $27,000. Halpern Financial Inc. purchased a new stake in Fiserv during the fourth quarter worth about $27,000. GW&K Investment Management LLC purchased a new stake in Fiserv during the fourth quarter worth about $27,000. Finally, RE Dickinson Investment Advisors LLC purchased a new stake in Fiserv during the fourth quarter worth about $27,000. Hedge funds and other institutional investors own 90.98% 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.