Q2 2024 Earnings Forecast for Fiserv, Inc. (NYSE:FI) Issued By William Blair

Fiserv, Inc. (NYSE:FI) – Stock analysts at William Blair increased their Q2 2024 earnings per share estimates for shares of Fiserv in a report released on Tuesday, April 23rd. William Blair analyst C. Kennedy now anticipates that the business services provider will earn $2.15 per share for the quarter, up from their previous forecast of $2.14. The consensus estimate for Fiserv’s current full-year earnings is $8.63 per share. William Blair also issued estimates for Fiserv’s Q3 2024 earnings at $2.27 EPS, FY2024 earnings at $8.69 EPS, Q1 2025 earnings at $2.15 EPS, Q3 2025 earnings at $2.60 EPS and Q4 2025 earnings at $2.73 EPS.

Several other research analysts have also weighed in on the company. Robert W. Baird upped their target price on Fiserv from $185.00 to $186.00 and gave the stock an “outperform” rating in a research report on Wednesday. Stephens reissued an “equal weight” rating and set a $165.00 price objective on shares of Fiserv in a report on Wednesday. BNP Paribas raised Fiserv from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 10th. Truist Financial increased their price objective on Fiserv from $140.00 to $145.00 and gave the company a “hold” rating in a report on Wednesday, February 7th. Finally, B. Riley increased their price objective on Fiserv from $176.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday. Six research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $164.33.

Fiserv Stock Performance

Shares of FI stock 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. Fiserv has a fifty-two week low of $109.11 and a fifty-two week high of $159.99. The stock’s 50-day moving average is $152.39 and its two-hundred day moving average is $137.45. The firm has a market cap of $90.25 billion, a P/E ratio of 28.65, a PEG ratio of 1.27 and a beta of 0.91.

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

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 23,929 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $151.79, for a total value of $3,632,182.91. Following the completion of the sale, the chief operating officer now owns 163,699 shares in the company, valued at approximately $24,847,871.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders sold 111,575 shares of company stock worth $17,022,387. 0.75% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. DAVENPORT & Co LLC raised its stake in Fiserv by 18.0% during the 3rd quarter. DAVENPORT & Co LLC now owns 13,128 shares of the business services provider’s stock worth $1,483,000 after buying an additional 2,002 shares during the period. Meridian Wealth Management LLC increased its holdings in Fiserv by 76.4% during the 3rd quarter. Meridian Wealth Management LLC now owns 11,612 shares of the business services provider’s stock worth $1,312,000 after purchasing an additional 5,031 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in Fiserv by 22.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 10,189 shares of the business services provider’s stock worth $1,151,000 after purchasing an additional 1,859 shares in the last quarter. Private Trust Co. NA increased its holdings in Fiserv by 60.4% during the 3rd quarter. Private Trust Co. NA now owns 2,180 shares of the business services provider’s stock worth $246,000 after purchasing an additional 821 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in Fiserv by 1.0% during the 3rd quarter. UMB Bank n.a. now owns 15,425 shares of the business services provider’s stock worth $1,742,000 after purchasing an additional 147 shares in the last quarter. Institutional investors and hedge funds own 90.98% 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.