Fiserv, Inc. Forecasted to Post Q3 2024 Earnings of $2.30 Per Share (NYSE:FI)

Fiserv, Inc. (NYSE:FI) – Analysts at Seaport Res Ptn increased their Q3 2024 earnings per share (EPS) estimates for shares of Fiserv in a research note issued to investors on Monday, April 15th. Seaport Res Ptn analyst J. Cantwell now expects that the business services provider will earn $2.30 per share for the quarter, up from their previous forecast of $2.25. The consensus estimate for Fiserv’s current full-year earnings is $8.62 per share. Seaport Res Ptn also issued estimates for Fiserv’s Q4 2024 earnings at $2.50 EPS, FY2024 earnings at $8.64 EPS, Q3 2025 earnings at $2.77 EPS, Q4 2025 earnings at $2.94 EPS and FY2025 earnings at $10.09 EPS.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.04. The business had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.68 billion. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.91 EPS.

Other research analysts also recently issued reports about the company. Truist Financial increased their target price on Fiserv from $140.00 to $145.00 and gave the company a “hold” rating in a research report on Wednesday, February 7th. Evercore ISI reiterated an “outperform” rating and set a $185.00 target price on shares of Fiserv in a research report on Tuesday, March 26th. B. Riley increased their target price on Fiserv from $152.00 to $176.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. StockNews.com assumed coverage on Fiserv in a research report on Saturday, February 3rd. They set a “buy” rating for the company. Finally, Jefferies Financial Group raised their price target on Fiserv from $150.00 to $160.00 and gave the stock a “hold” rating in a research report on Monday, March 25th. Six investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $158.21.

Fiserv Stock Down 1.2 %

NYSE FI opened at $146.40 on Tuesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market capitalization of $86.19 billion, a P/E ratio of 29.28, a P/E/G ratio of 1.24 and a beta of 0.91. Fiserv has a one year low of $109.11 and a one year high of $159.99. The stock has a 50 day moving average price of $151.56 and a 200-day moving average price of $135.95.

Hedge Funds Weigh In On Fiserv

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. bought a new stake in Fiserv during the third quarter valued at about $5,705,241,000. Price T Rowe Associates Inc. MD bought a new stake in Fiserv during the fourth quarter valued at about $5,885,279,000. Dodge & Cox bought a new stake in Fiserv during the fourth quarter valued at about $4,631,675,000. Capital World Investors bought a new stake in Fiserv during the fourth quarter valued at about $2,329,623,000. Finally, Massachusetts Financial Services Co. MA bought a new stake in Fiserv during the fourth quarter valued at about $960,592,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insiders Place Their Bets

In other news, COO Guy Chiarello sold 63,646 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was 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 in the company, valued at $25,209,646. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.75% 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.