Fiserv, Inc. Forecasted to Earn FY2024 Earnings of $8.73 Per Share (NYSE:FI)

Fiserv, Inc. (NYSE:FI - Free Report) - Equities research analysts at Seaport Res Ptn upped their FY2024 earnings estimates for shares of Fiserv in a research note issued on Tuesday, April 23rd. Seaport Res Ptn analyst J. Cantwell now expects that the business services provider will earn $8.73 per share for the year, up from their prior estimate of $8.64. The consensus estimate for Fiserv's current full-year earnings is $8.63 per share. Seaport Res Ptn also issued estimates for Fiserv's Q4 2024 earnings at $2.54 EPS and FY2025 earnings at $10.21 EPS.

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

Several other equities research analysts have also recently issued reports on the stock. B. Riley raised their price target on shares of Fiserv from $176.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday. KeyCorp increased their price objective on shares of Fiserv from $160.00 to $170.00 and gave the stock an "overweight" rating in a report on Monday. StockNews.com initiated coverage on shares of Fiserv in a report on Saturday, February 3rd. They set a "buy" rating on the stock. Stephens reiterated an "equal weight" rating and set a $165.00 price objective on shares of Fiserv in a report on Wednesday. Finally, Evercore ISI reiterated an "outperform" rating and set a $185.00 price objective on shares of Fiserv in a report on Tuesday, March 26th. Six analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $164.33.

Fiserv Trading Up 0.7 %

Shares of Fiserv stock traded up $1.04 during mid-day trading on Thursday, hitting $153.29. 3,049,942 shares of the stock were exchanged, compared to its average volume of 2,557,857. Fiserv has a twelve month low of $109.11 and a twelve month high of $159.99. The stock has a market capitalization of $90.25 billion, a price-to-earnings ratio of 28.46, a price-to-earnings-growth ratio of 1.27 and a beta of 0.91. The company has a 50-day simple moving average of $152.28 and a 200 day simple moving average of $137.34. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.81.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 63,646 shares of the firm's stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the completion of the sale, 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 can be accessed through this link. Over the last quarter, insiders sold 111,575 shares of company stock valued at $17,022,387. 0.75% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Fiserv

Hedge funds have recently added to or reduced their stakes in the business. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of Fiserv by 0.9% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 111,283 shares of the business services provider's stock valued at $17,785,000 after acquiring an additional 1,000 shares during the period. Aaron Wealth Advisors LLC bought a new stake in shares of Fiserv during the first quarter valued at about $280,000. Albert D Mason Inc. raised its stake in shares of Fiserv by 0.7% during the first quarter. Albert D Mason Inc. now owns 20,263 shares of the business services provider's stock valued at $3,238,000 after purchasing an additional 144 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Fiserv by 8.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 63,738 shares of the business services provider's stock valued at $10,187,000 after purchasing an additional 4,703 shares in the last quarter. Finally, Patton Albertson Miller Group LLC raised its position in Fiserv by 6.6% in the first quarter. Patton Albertson Miller Group LLC now owns 45,859 shares of the business services provider's stock worth $7,329,000 after acquiring an additional 2,826 shares in the last quarter. 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.