Analysts Offer Predictions for Fiserv, Inc.’s Q1 2023 Earnings (NASDAQ:FISV)

Fiserv, Inc. (NASDAQ:FISVGet Rating) – Jefferies Financial Group issued their Q1 2023 EPS estimates for Fiserv in a report released on Wednesday, January 18th. Jefferies Financial Group analyst T. Williams forecasts that the business services provider will earn $1.56 per share for the quarter. The consensus estimate for Fiserv’s current full-year earnings is $6.49 per share. Jefferies Financial Group also issued estimates for Fiserv’s Q2 2023 earnings at $1.73 EPS, Q3 2023 earnings at $1.86 EPS, Q4 2023 earnings at $2.04 EPS and FY2023 earnings at $7.18 EPS.

FISV has been the subject of a number of other reports. Wells Fargo & Company lowered shares of Fiserv from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $106.00 to $101.00 in a report on Monday, January 9th. Atlantic Securities downgraded shares of Fiserv from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $130.00 to $105.00 in a report on Wednesday, October 12th. The Goldman Sachs Group dropped their price objective on shares of Fiserv from $123.00 to $105.00 and set a “neutral” rating for the company in a report on Monday, January 9th. Moffett Nathanson reduced their target price on Fiserv to $140.00 in a report on Tuesday, November 1st. Finally, William Blair reissued an “outperform” rating on shares of Fiserv in a research note on Thursday, October 27th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $120.47.

Fiserv Stock Up 1.8 %

Shares of FISV opened at $104.05 on Friday. Fiserv has a 12-month low of $87.03 and a 12-month high of $110.94. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $66.07 billion, a PE ratio of 32.62, a price-to-earnings-growth ratio of 1.10 and a beta of 0.87. The business’s 50 day moving average is $101.34 and its 200 day moving average is $100.97.

Fiserv (NASDAQ:FISVGet Rating) last issued its quarterly earnings results on Thursday, October 27th. The business services provider reported $1.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.07). Fiserv had a return on equity of 12.74% and a net margin of 11.98%. The business had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $4.27 billion.

Institutional Trading of Fiserv

A number of hedge funds have recently added to or reduced their stakes in the business. Secure Asset Management LLC lifted its stake in Fiserv by 290.8% in the fourth quarter. Secure Asset Management LLC now owns 8,425 shares of the business services provider’s stock worth $852,000 after acquiring an additional 6,269 shares during the period. Mill Capital Management LLC lifted its stake in Fiserv by 1.7% in the fourth quarter. Mill Capital Management LLC now owns 134,019 shares of the business services provider’s stock worth $13,545,000 after acquiring an additional 2,275 shares during the period. Carderock Capital Management Inc. lifted its stake in Fiserv by 27.5% in the fourth quarter. Carderock Capital Management Inc. now owns 31,563 shares of the business services provider’s stock worth $3,190,000 after acquiring an additional 6,805 shares during the period. Bowman & Co S.C. purchased a new stake in Fiserv in the fourth quarter worth about $335,000. Finally, Keudell Morrison Wealth Management purchased a new stake in Fiserv in the fourth quarter worth about $201,000. 88.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Fiserv news, CRO Christopher M. Foskett sold 4,000 shares of the company’s stock in a transaction on Friday, December 9th. The stock was sold at an average price of $101.31, for a total value of $405,240.00. Following the transaction, the executive now owns 99,094 shares of the company’s stock, valued at approximately $10,039,213.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Holdings L.P. Valueact sold 1,060,030 shares of the business’s stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $102.23, for a total transaction of $108,366,866.90. Following the completion of the sale, the director now directly owns 13,587,746 shares of the company’s stock, valued at $1,389,075,273.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Christopher M. Foskett sold 4,000 shares of the business’s stock in a transaction on Friday, December 9th. The shares were sold at an average price of $101.31, for a total transaction of $405,240.00. Following the sale, the executive now directly owns 99,094 shares of the company’s stock, valued at $10,039,213.14. The disclosure for this sale can be found here. In the last three months, insiders sold 1,746,531 shares of company stock valued at $178,071,266. Insiders own 1.00% of the company’s stock.

Fiserv Company Profile

(Get Rating)

Fiserv, Inc, together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; Clover, a cloud-based point-of-sale and business management platform; and Clover Connect, an independent software vendors platform.

Further Reading

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