Fiserv (FI) to Release Quarterly Earnings on Tuesday

Fiserv (NYSE:FI) is scheduled to post its quarterly earnings results before the market opens on Tuesday, April 23rd. Analysts expect Fiserv to post earnings of $1.79 per share for the quarter. Fiserv has set its FY 2024 guidance at 8.550-8.700 EPS and its FY24 guidance at $8.55-8.70 EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

Fiserv (NYSE:FI) last released its quarterly earnings data on Tuesday, February 6th. The business services provider reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.04. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The company had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.68 billion. During the same period in the previous year, the firm earned $1.91 earnings per share. Fiserv’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, analysts expect Fiserv to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Fiserv Price Performance

FI opened at $148.19 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.73. Fiserv has a 52-week low of $109.11 and a 52-week high of $159.99. The company has a 50 day moving average of $151.46 and a two-hundred day moving average of $135.71. The company has a market cap of $87.25 billion, a P/E ratio of 29.64, a P/E/G ratio of 1.24 and a beta of 0.91.

Insider Transactions at Fiserv

In related news, COO Guy Chiarello sold 63,646 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $25,209,646. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.75% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Advisors Asset Management Inc. bought a new position in shares of Fiserv in the fourth quarter valued at about $76,000. Covestor Ltd raised its holdings in shares of Fiserv by 94.0% in the first quarter. Covestor Ltd now owns 745 shares of the business services provider’s stock valued at $76,000 after buying an additional 361 shares during the last quarter. Resurgent Financial Advisors LLC bought a new position in shares of Fiserv in the fourth quarter valued at about $74,000. Castleview Partners LLC raised its holdings in shares of Fiserv by 71.7% in the second quarter. Castleview Partners LLC now owns 539 shares of the business services provider’s stock valued at $68,000 after buying an additional 225 shares during the last quarter. Finally, Ancora Advisors LLC bought a new position in shares of Fiserv in the first quarter valued at about $48,000. 90.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FI. Robert W. Baird upped their price target on shares of Fiserv from $168.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, April 1st. Oppenheimer raised shares of Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 target price on the stock in a report on Thursday, January 11th. BNP Paribas raised shares of Fiserv from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 10th. Truist Financial increased their target price on shares of Fiserv from $140.00 to $145.00 and gave the stock a “hold” rating in a report on Wednesday, February 7th. Finally, KeyCorp raised shares of Fiserv from a “sector weight” rating to an “overweight” rating and set a $180.00 target price on the stock in a report on Monday, January 8th. Six equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.21.

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.