Fiserv, Inc. to Post Q1 2024 Earnings of $1.84 Per Share, Seaport Res Ptn Forecasts (NYSE:FI)

Fiserv, Inc. (NYSE:FI) – Investment analysts at Seaport Res Ptn lowered their Q1 2024 EPS estimates for Fiserv in a research note issued on Monday, April 15th. Seaport Res Ptn analyst J. Cantwell now expects that the business services provider will post earnings of $1.84 per share for the quarter, down from their previous forecast of $1.92. The consensus estimate for Fiserv’s current full-year earnings is $8.62 per share. Seaport Res Ptn also issued estimates for Fiserv’s Q2 2024 earnings at $2.02 EPS, Q1 2025 earnings at $2.13 EPS and Q2 2025 earnings at $2.27 EPS.

Fiserv (NYSE:FI) last released its quarterly earnings data on Tuesday, February 6th. The business services provider reported $2.19 earnings per share for the quarter, beating 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 firm had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.68 billion. During the same period in the previous year, the company earned $1.91 earnings per share. The firm’s quarterly revenue was up 6.2% on a year-over-year basis.

A number of other analysts have also recently commented on the stock. Truist Financial upped their target price on shares of Fiserv from $140.00 to $145.00 and gave the company a “hold” rating in a report on Wednesday, February 7th. Morgan Stanley upped their target price on shares of Fiserv from $133.00 to $142.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Robert W. Baird upped their target price on shares of Fiserv from $168.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, April 1st. BMO Capital Markets upped their target price on shares of Fiserv from $152.00 to $157.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Finally, Susquehanna upped their target price on shares of Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a report on Monday, March 25th. Six equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.21.

Fiserv Stock Up 0.5 %

FI opened at $147.13 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.73. The firm has a 50 day moving average price of $151.65 and a 200-day moving average price of $136.03. Fiserv has a twelve month low of $109.11 and a twelve month high of $159.99. The stock has a market capitalization of $86.62 billion, a price-to-earnings ratio of 29.43, a PEG ratio of 1.21 and a beta of 0.91.

Hedge Funds Weigh In On Fiserv

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Cooper Financial Group increased its holdings in shares of Fiserv by 3.1% in the first quarter. Cooper Financial Group now owns 2,243 shares of the business services provider’s stock valued at $358,000 after purchasing an additional 67 shares during the period. First Manhattan Co. increased its holdings in shares of Fiserv by 4.6% in the fourth quarter. First Manhattan Co. now owns 1,966 shares of the business services provider’s stock valued at $199,000 after purchasing an additional 86 shares during the period. Wedmont Private Capital increased its holdings in shares of Fiserv by 1.8% in the first quarter. Wedmont Private Capital now owns 4,898 shares of the business services provider’s stock valued at $761,000 after purchasing an additional 87 shares during the period. Holderness Investments Co. increased its holdings in shares of Fiserv by 4.1% in the second quarter. Holderness Investments Co. now owns 2,295 shares of the business services provider’s stock valued at $290,000 after purchasing an additional 90 shares during the period. Finally, Apeiron RIA LLC increased its holdings in shares of Fiserv by 2.9% in the third quarter. Apeiron RIA LLC now owns 3,217 shares of the business services provider’s stock valued at $363,000 after purchasing an additional 90 shares during the period. Institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling

In related news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $149.53, for a total transaction of $3,588,720.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares in the company, valued at $24,477,911.47. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last quarter, insiders sold 111,575 shares of company stock worth $17,022,387. 0.75% of the stock is owned by insiders.

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.