Q4 2024 EPS Estimates for Fiserv, Inc. (NYSE:FI) Reduced by Analyst

Fiserv, Inc. (NYSE:FI) – William Blair cut their Q4 2024 earnings per share estimates for shares of Fiserv in a research note issued to investors on Tuesday, April 23rd. William Blair analyst C. Kennedy now expects that the business services provider will post earnings of $2.40 per share for the quarter, down from their previous forecast of $2.48. The consensus estimate for Fiserv’s current full-year earnings is $8.67 per share.

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 analysts’ consensus estimates of $1.77 by $0.11. The business had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.57 billion. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.58 earnings per share.

A number of other equities analysts have also recently commented on FI. Truist Financial boosted their price target on Fiserv from $140.00 to $145.00 and gave the stock a “hold” rating in a report on Wednesday, February 7th. TD Cowen lifted their price target on Fiserv from $167.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday. Stephens restated an “equal weight” rating and set a $165.00 price target on shares of Fiserv in a report on Wednesday. Mizuho reiterated a “buy” rating and set a $156.00 price target on shares of Fiserv in a report on Wednesday, March 27th. Finally, Barclays increased their target price on shares of Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. Six research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $164.33.

Fiserv Stock Performance

NYSE:FI opened at $155.89 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.81. The stock has a 50 day simple moving average of $152.54 and a 200 day simple moving average of $137.74. Fiserv has a 1-year low of $109.11 and a 1-year high of $159.99. The stock has a market cap of $91.78 billion, a P/E ratio of 29.14, a PEG ratio of 1.24 and a beta of 0.91.

Institutional Trading of Fiserv

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cooper Financial Group raised its stake in Fiserv by 3.1% during the 1st quarter. Cooper Financial Group now owns 2,243 shares of the business services provider’s stock valued at $358,000 after buying an additional 67 shares during the last quarter. BSW Wealth Partners raised its stake in shares of Fiserv by 2.8% in the first quarter. BSW Wealth Partners now owns 2,821 shares of the business services provider’s stock worth $451,000 after buying an additional 76 shares during the period. Wedmont Private Capital increased its stake 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 worth $761,000 after purchasing an additional 87 shares in the last quarter. Apeiron RIA LLC boosted its stake 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 worth $363,000 after acquiring an additional 90 shares during the period. Finally, Brighton Jones LLC lifted its holdings in shares of Fiserv by 4.0% in the third quarter. Brighton Jones LLC now owns 2,385 shares of the business services provider’s stock worth $269,000 after buying an additional 92 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Activity at Fiserv

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of the stock in a transaction dated 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 completion of 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders sold 111,575 shares of company stock valued at $17,022,387. 0.75% of the stock is owned by insiders.

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.