FY2024 Earnings Forecast for Fiserv Issued By KeyCorp

Fiserv, Inc. (NYSE:FI) – Equities research analysts at KeyCorp issued their FY2024 earnings per share estimates for shares of Fiserv in a report released on Wednesday, December 18th. KeyCorp analyst A. Markgraff anticipates that the business services provider will earn $8.78 per share for the year. KeyCorp has a “Overweight” rating and a $225.00 price target on the stock. The consensus estimate for Fiserv’s current full-year earnings is $8.77 per share. KeyCorp also issued estimates for Fiserv’s Q4 2024 earnings at $2.48 EPS.

Several other analysts also recently weighed in on the company. Tigress Financial lifted their target price on Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. UBS Group lifted their price objective on shares of Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. TD Cowen increased their target price on shares of Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. StockNews.com upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research report on Thursday, September 26th. Finally, Royal Bank of Canada increased their price objective on shares of Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $222.88.

Fiserv Stock Performance

FI opened at $202.26 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. The business’s 50 day moving average is $207.06 and its 200-day moving average is $178.47. The stock has a market cap of $115.07 billion, a PE ratio of 38.90, a price-to-earnings-growth ratio of 1.56 and a beta of 0.93. Fiserv has a twelve month low of $131.41 and a twelve month high of $223.23.

Fiserv (NYSE:FI) last released its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, topping the consensus estimate of $2.26 by $0.04. The business had revenue of $5.22 billion during the quarter, compared to analyst estimates of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.96 earnings per share.

Insider Activity

In related news, Director Doyle Simons sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total value of $8,078,800.00. Following the completion of the sale, the director now owns 76,180 shares of the company’s stock, valued at approximately $15,386,074.60. The trade was a 34.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Heidi Miller sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the transaction, the director now directly owns 33,235 shares in the company, valued at approximately $6,684,555.55. The trade was a 47.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 90,821 shares of company stock worth $18,581,095 in the last 90 days. Company 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 the business. Soros Capital Management LLC lifted its holdings in Fiserv by 71.7% in the 3rd quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock worth $9,844,000 after purchasing an additional 22,884 shares during the last quarter. Chiron Investment Management LLC acquired a new stake in shares of Fiserv in the third quarter worth $4,709,000. Maxwell Wealth Strategies Inc. boosted its holdings in shares of Fiserv by 23.6% during the 3rd quarter. Maxwell Wealth Strategies Inc. now owns 15,009 shares of the business services provider’s stock worth $2,696,000 after buying an additional 2,869 shares during the period. Park Place Capital Corp raised its holdings in Fiserv by 66.3% in the 3rd quarter. Park Place Capital Corp now owns 7,008 shares of the business services provider’s stock worth $1,259,000 after acquiring an additional 2,794 shares during the period. Finally, Radnor Capital Management LLC acquired a new position in Fiserv during the 3rd quarter worth $1,543,000. 90.98% of the stock is owned by institutional investors.

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.