Seaport Res Ptn Weighs in on Fiserv, Inc.’s Q2 2024 Earnings (NYSE:FI)

Fiserv, Inc. (NYSE:FI) – Stock analysts at Seaport Res Ptn raised their Q2 2024 EPS estimates for Fiserv in a research note issued on Tuesday, April 23rd. Seaport Res Ptn analyst J. Cantwell now forecasts that the business services provider will earn $2.08 per share for the quarter, up from their prior forecast of $2.02. The consensus estimate for Fiserv’s current full-year earnings is $8.67 per share. Seaport Res Ptn also issued estimates for Fiserv’s Q3 2024 earnings at $2.25 EPS, Q1 2025 earnings at $2.22 EPS, Q2 2025 earnings at $2.43 EPS and Q3 2025 earnings at $2.64 EPS.

A number of other analysts have also issued reports on FI. 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. Morgan Stanley boosted their price objective on Fiserv from $133.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Susquehanna boosted their price objective on Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a research report on Monday, March 25th. Stephens reissued an “equal weight” rating and set a $165.00 price objective on shares of Fiserv in a research report on Wednesday. Finally, BMO Capital Markets boosted their price objective on Fiserv from $163.00 to $168.00 and gave the stock an “outperform” rating in a research report on Wednesday. Six research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.33.

Fiserv Stock Up 1.7 %

Shares of NYSE:FI opened at $155.89 on Friday. 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 $91.78 billion, a PE ratio of 29.14, a price-to-earnings-growth ratio of 1.24 and a beta of 0.91. The firm’s 50-day moving average is $152.54 and its two-hundred day moving average is $137.74. Fiserv has a 1 year low of $109.11 and a 1 year high of $159.99.

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

Insider Activity at Fiserv

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the business’s 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 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 link. Insiders sold 111,575 shares of company stock valued at $17,022,387 over the last three months. 0.75% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Fiserv

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hollencrest Capital Management lifted its stake in Fiserv by 75.8% in the third quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock valued at $26,000 after buying an additional 100 shares during the last quarter. West Oak Capital LLC purchased a new stake in shares of Fiserv during the fourth quarter worth approximately $27,000. Halpern Financial Inc. purchased a new stake in shares of Fiserv during the fourth quarter worth approximately $27,000. GW&K Investment Management LLC purchased a new stake in shares of Fiserv during the fourth quarter worth approximately $27,000. Finally, RE Dickinson Investment Advisors LLC purchased a new stake in shares of Fiserv during the fourth quarter worth approximately $27,000. Hedge funds and other institutional investors 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.