Fiserv, Inc. (NYSE:FI) to Post Q2 2024 Earnings of $2.07 Per Share, B. Riley Forecasts

Fiserv, Inc. (NYSE:FI) – Equities research analysts at B. Riley decreased their Q2 2024 EPS estimates for Fiserv in a research note issued on Tuesday, April 23rd. B. Riley analyst H. Goetsch now anticipates that the business services provider will earn $2.07 per share for the quarter, down from their prior forecast of $2.08. B. Riley has a “Buy” rating and a $180.00 price objective on the stock. The consensus estimate for Fiserv’s current full-year earnings is $8.63 per share. B. Riley also issued estimates for Fiserv’s FY2025 earnings at $10.27 EPS.

Fiserv (NYSE:FI) last posted its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The company had revenue of $4.88 billion for the quarter, compared to analysts’ expectations of $4.57 billion. During the same quarter in the prior year, the company posted $1.58 earnings per share. Fiserv’s revenue for the quarter was up 7.4% compared to the same quarter last year.

FI has been the topic of a number of other reports. Evercore ISI reiterated an “outperform” rating and set a $185.00 price target on shares of Fiserv in a research note on Tuesday, March 26th. StockNews.com assumed coverage on shares of Fiserv in a research note on Saturday, February 3rd. They set a “buy” rating on the stock. UBS Group boosted their price target on shares of Fiserv from $170.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday. TD Cowen boosted their price target on shares of Fiserv from $167.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Truist Financial boosted their price target on shares of Fiserv from $140.00 to $145.00 and gave the stock a “hold” rating in a research note on Wednesday, February 7th. Six research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $164.33.

Fiserv Stock Up 0.7 %

Shares of NYSE:FI opened at $153.29 on Thursday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.04. The firm has a market capitalization of $90.25 billion, a PE ratio of 28.65, a price-to-earnings-growth ratio of 1.27 and a beta of 0.91. The firm’s 50-day moving average is $152.39 and its two-hundred day moving average is $137.45. Fiserv has a 1 year low of $109.11 and a 1 year high of $159.99.

Institutional Investors Weigh In On Fiserv

Large investors have recently modified their holdings of the company. Hollencrest Capital Management lifted its holdings in shares of Fiserv by 75.8% during the third quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock worth $26,000 after purchasing an additional 100 shares during the period. West Oak Capital LLC acquired a new stake in shares of Fiserv during the fourth quarter worth $27,000. Halpern Financial Inc. acquired a new stake in shares of Fiserv during the fourth quarter worth $27,000. GW&K Investment Management LLC acquired a new stake in shares of Fiserv during the fourth quarter worth $27,000. Finally, RE Dickinson Investment Advisors LLC acquired a new stake in shares of Fiserv during the fourth quarter worth $27,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Fiserv

In other news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $149.53, for a total value of $3,588,720.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $24,477,911.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 111,575 shares of company stock worth $17,022,387 over the last three months. Insiders own 0.75% of the company’s stock.

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.