Fiserv, Inc. to Post Q3 2024 Earnings of $2.30 Per Share, Seaport Res Ptn Forecasts (NYSE:FI)

Fiserv, Inc. (NYSE:FI - Free Report) - Analysts at Seaport Res Ptn boosted their Q3 2024 earnings estimates for Fiserv in a research report issued to clients and investors on Monday, April 15th. Seaport Res Ptn analyst J. Cantwell now expects that the business services provider will earn $2.30 per share for the quarter, up from their previous forecast 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 - Get Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.04. The company had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.68 billion. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The firm's revenue was up 6.2% compared to the same quarter last year. During the same period last year, the business posted $1.91 earnings per share.

A number of other equities research analysts also recently weighed in on FI. Tigress Financial lifted their target price on Fiserv from $160.00 to $175.00 and gave the stock a "buy" rating in a research report on Friday, December 22nd. Barclays lifted their target price on Fiserv from $165.00 to $185.00 and gave the stock an "overweight" rating in a research report on Monday, April 1st. Jefferies Financial Group lifted their target price on Fiserv from $150.00 to $160.00 and gave the stock a "hold" rating in a research report on Monday, March 25th. Morgan Stanley lifted their target price on Fiserv from $133.00 to $142.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 7th. Finally, Robert W. Baird lifted their target price on Fiserv from $168.00 to $185.00 and gave the stock an "outperform" rating in a research report on Monday, April 1st. Six equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $158.21.

Fiserv Stock Performance

Shares of NYSE:FI traded down $1.79 during midday trading on Tuesday, hitting $146.40. The company's stock had a trading volume of 3,294,096 shares, compared to its average volume of 2,513,386. The stock has a market capitalization of $86.19 billion, a price-to-earnings ratio of 29.64, a PEG ratio of 1.24 and a beta of 0.91. The stock's 50 day simple moving average is $151.46 and its 200 day simple moving average is $135.71. Fiserv has a fifty-two week low of $109.11 and a fifty-two week high of $159.99. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.04 and a current ratio of 1.04.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Piscataqua Savings Bank acquired a new stake in Fiserv during the 4th quarter worth $67,000. GHP Investment Advisors Inc. acquired a new stake in Fiserv during the 4th quarter worth $78,000. Liberty Capital Management Inc. acquired a new position in shares of Fiserv in the 4th quarter valued at $7,071,000. Birch Hill Investment Advisors LLC acquired a new position in shares of Fiserv in the 4th quarter valued at $84,583,000. Finally, Graypoint LLC acquired a new position in shares of Fiserv in the 4th quarter valued at $3,732,000. Institutional investors own 90.98% of the company's stock.

Insider Activity

In other news, COO Guy Chiarello sold 63,646 shares of Fiserv stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $154.00, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.75% of the stock is currently owned by corporate 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.