Fiserv, Inc. Forecasted to Earn FY2024 Earnings of $8.61 Per Share (NYSE:FI)

Fiserv, Inc. (NYSE:FI) – Analysts at Zacks Research upped their FY2024 earnings per share estimates for shares of Fiserv in a note issued to investors on Tuesday, May 14th. Zacks Research analyst R. Department now anticipates that the business services provider will post earnings per share of $8.61 for the year, up from their prior estimate of $8.57. The consensus estimate for Fiserv’s current full-year earnings is $8.70 per share. Zacks Research also issued estimates for Fiserv’s Q2 2025 earnings at $2.27 EPS, FY2025 earnings at $9.76 EPS, Q1 2026 earnings at $2.51 EPS and FY2026 earnings at $11.52 EPS.

Several other analysts have also commented on the stock. TD Cowen raised their price target on shares of Fiserv from $167.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. BMO Capital Markets lifted their price target on Fiserv from $163.00 to $168.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Evercore ISI reiterated an “outperform” rating and set a $185.00 price target on shares of Fiserv in a research report on Tuesday, March 26th. Morgan Stanley raised their price objective on Fiserv from $133.00 to $142.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Finally, Susquehanna upped their target price on Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a research note on Monday, March 25th. Six research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and a consensus target price of $164.33.

Fiserv Price Performance

NYSE:FI opened at $155.01 on Wednesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.06. The company has a 50 day moving average price of $153.21 and a 200-day moving average price of $141.39. Fiserv has a 1-year low of $109.11 and a 1-year high of $159.99. The firm has a market cap of $90.70 billion, a price-to-earnings ratio of 29.06, a price-to-earnings-growth ratio of 1.23 and a beta of 0.92.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $4.57 billion. During the same period last year, the business earned $1.58 earnings per share. Fiserv’s quarterly revenue was up 7.4% on a year-over-year basis.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $25,209,646. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 111,575 shares of company stock valued at $17,022,387 in the last ninety days. 0.75% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Fiserv

A number of institutional investors have recently bought and sold shares of FI. Cooper Financial Group lifted its position in shares of Fiserv by 3.1% during the first quarter. Cooper Financial Group now owns 2,243 shares of the business services provider’s stock worth $358,000 after purchasing an additional 67 shares in the last quarter. Quent Capital LLC increased its stake in Fiserv by 5.9% during the 1st quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock worth $194,000 after buying an additional 68 shares during the period. Manchester Capital Management LLC increased its stake in Fiserv by 0.8% during the 1st quarter. Manchester Capital Management LLC now owns 9,782 shares of the business services provider’s stock worth $1,563,000 after buying an additional 73 shares during the period. BSW Wealth Partners lifted its holdings in Fiserv by 2.8% during the 1st 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 in the last quarter. Finally, Eagle Bay Advisors LLC boosted its position in Fiserv by 13.7% in the 1st quarter. Eagle Bay Advisors LLC now owns 656 shares of the business services provider’s stock valued at $105,000 after buying an additional 79 shares during the period. 90.98% of the stock is owned by hedge funds and other institutional investors.

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.