Fiserv, Inc. (NYSE:FI) to Post Q1 2024 Earnings of $1.84 Per Share, Seaport Res Ptn Forecasts

Fiserv, Inc. (NYSE:FI - Free Report) - Research analysts at Seaport Res Ptn cut their Q1 2024 earnings per share (EPS) estimates for shares of Fiserv in a report released on Monday, April 15th. Seaport Res Ptn analyst J. Cantwell now forecasts that the business services provider will earn $1.84 per share for the quarter, down from their previous estimate of $1.92. The consensus estimate for Fiserv's current full-year earnings is $8.62 per share. Seaport Res Ptn also issued estimates for Fiserv's Q2 2024 earnings at $2.02 EPS, Q1 2025 earnings at $2.13 EPS and Q2 2025 earnings at $2.27 EPS.

Several other equities analysts have also commented on FI. BMO Capital Markets increased their price objective on Fiserv from $152.00 to $157.00 and gave the company an "outperform" rating in a research report on Thursday, February 8th. KeyCorp upgraded Fiserv from a "sector weight" rating to an "overweight" rating and set a $180.00 price target on the stock in a research report on Monday, January 8th. Stephens raised their price target on Fiserv from $140.00 to $150.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 7th. StockNews.com assumed coverage on Fiserv in a research report on Saturday, February 3rd. They set a "buy" rating on the stock. Finally, Oppenheimer upgraded Fiserv from a "market perform" rating to an "outperform" rating and set a $168.00 price target on the stock in a research report on Thursday, January 11th. Six investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $158.21.

Fiserv Price Performance

Shares of Fiserv stock traded up $0.73 during trading on Wednesday, hitting $147.13. 2,948,917 shares of the stock traded hands, compared to its average volume of 2,519,970. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.73. The stock has a market cap of $86.62 billion, a price-to-earnings ratio of 29.43, a PEG ratio of 1.21 and a beta of 0.91. The firm's fifty day moving average is $151.65 and its 200-day moving average is $136.03. Fiserv has a 52 week low of $109.11 and a 52 week high of $159.99.

Fiserv (NYSE:FI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The business services provider reported $2.19 EPS for the quarter, beating the consensus estimate of $2.15 by $0.04. The firm had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.68 billion. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The company's revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.91 EPS.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FI. Hollencrest Capital Management raised its stake in Fiserv by 75.8% during 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 bought a new stake in shares of Fiserv in the 4th quarter worth $27,000. Halpern Financial Inc. bought a new stake in shares of Fiserv in the 4th quarter worth $27,000. GW&K Investment Management LLC bought a new stake in shares of Fiserv in the 4th quarter worth $27,000. Finally, RE Dickinson Investment Advisors LLC bought a new stake in shares of Fiserv in the 4th quarter worth $27,000. Hedge funds and other institutional investors own 90.98% of the company's stock.

Insider Activity

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of Fiserv 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 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 can be accessed through this link. Insiders sold a total of 111,575 shares of company stock worth $17,022,387 in the last quarter. 0.75% of the stock is owned by company 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.