Q3 2024 EPS Estimates for Fiserv, Inc. Raised by Analyst (NYSE:FI)

Fiserv, Inc. (NYSE:FI) – Investment analysts at Seaport Res Ptn raised their Q3 2024 earnings per share (EPS) estimates for shares of Fiserv in a research note issued to investors on Monday, April 15th. Seaport Res Ptn analyst J. Cantwell now expects that the business services provider will post earnings per share of $2.30 for the quarter, up from their prior estimate of $2.25. The consensus estimate for Fiserv’s current full-year earnings is $8.62 per share. Seaport Res Ptn also issued estimates for Fiserv’s Q4 2024 earnings at $2.50 EPS, FY2024 earnings at $8.64 EPS, Q3 2025 earnings at $2.77 EPS, Q4 2025 earnings at $2.94 EPS and FY2025 earnings at $10.09 EPS.

Fiserv (NYSE:FI) last announced its earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.04. The company had revenue of $4.92 billion during the quarter, compared to analyst estimates of $4.68 billion. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. Fiserv’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.91 earnings per share.

FI has been the subject of a number of other reports. Robert W. Baird lifted their price objective on Fiserv from $168.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. StockNews.com assumed coverage on shares of Fiserv in a research report on Saturday, February 3rd. They issued a “buy” rating for the company. B. Riley increased their price objective on Fiserv from $152.00 to $176.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Royal Bank of Canada boosted their target price on Fiserv from $144.00 to $158.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Finally, Barclays increased their price target on Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. Six analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.21.

Fiserv Stock Up 0.5 %

Fiserv stock opened at $147.13 on Tuesday. The company has a market capitalization of $86.62 billion, a PE ratio of 29.43, a price-to-earnings-growth ratio of 1.21 and a beta of 0.91. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.04 and a current ratio of 1.04. Fiserv has a fifty-two week low of $109.11 and a fifty-two week high of $159.99. The firm has a 50 day moving average price of $151.65 and a 200 day moving average price of $136.03.

Insider Activity

In related news, COO Guy Chiarello sold 23,929 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $151.79, for a total transaction 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 document filed with the SEC, which can be accessed through the SEC website. In the last three months, insiders sold 111,575 shares of company stock valued at $17,022,387. Insiders own 0.75% of the company’s stock.

Hedge Funds Weigh In On Fiserv

Several institutional investors have recently added to or reduced their stakes in FI. Vanguard Group Inc. raised its holdings in Fiserv by 1.6% during the third quarter. Vanguard Group Inc. now owns 50,506,740 shares of the business services provider’s stock worth $5,705,241,000 after purchasing an additional 789,232 shares in the last quarter. Price T Rowe Associates Inc. MD purchased a new stake in shares of Fiserv during the 4th quarter worth $5,885,279,000. Dodge & Cox purchased a new position in shares of Fiserv in the 4th quarter valued at about $4,631,675,000. State Street Corp lifted its stake in shares of Fiserv by 4.1% in the first quarter. State Street Corp now owns 25,700,156 shares of the business services provider’s stock valued at $2,904,889,000 after purchasing an additional 1,022,653 shares during the period. Finally, Capital World Investors purchased a new stake in Fiserv during the fourth quarter worth about $2,329,623,000. 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.