FY2024 EPS Estimates for Fiserv, Inc. (NYSE:FI) Increased by Seaport Res Ptn

Fiserv, Inc. (NYSE:FI) – Analysts at Seaport Res Ptn boosted their FY2024 earnings estimates for shares of Fiserv in a report 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 previous 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) last issued its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.11. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The business had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.57 billion. During the same quarter in the prior year, the business posted $1.58 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis.

FI has been the subject of several other research reports. Barclays upped their target price on shares of Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, April 1st. B. Riley increased 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. Evercore ISI reiterated an “outperform” rating and set a $185.00 price target on shares of Fiserv in a research note on Tuesday, March 26th. KeyCorp increased their price target on shares of Fiserv from $160.00 to $170.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Royal Bank of Canada increased their price target on shares of Fiserv from $158.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday. Six analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.33.

Fiserv Trading Down 2.0 %

Shares of Fiserv stock opened at $152.25 on Thursday. The company has a fifty day simple moving average of $152.28 and a 200-day simple moving average of $137.34. Fiserv has a 12-month low of $109.11 and a 12-month high of $159.99. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.81. The stock has a market cap of $89.64 billion, a price-to-earnings ratio of 28.46, a PEG ratio of 1.27 and a beta of 0.91.

Insider Activity

In other news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $149.53, for a total value of $3,588,720.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $24,477,911.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 111,575 shares of company stock worth $17,022,387 in the last 90 days. 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. Piscataqua Savings Bank purchased a new position in Fiserv during the 4th quarter valued at about $67,000. GHP Investment Advisors Inc. purchased a new position in Fiserv during the 4th quarter valued at about $78,000. Liberty Capital Management Inc. purchased a new stake in shares of Fiserv during the fourth quarter worth about $7,071,000. Birch Hill Investment Advisors LLC purchased a new stake in shares of Fiserv during the fourth quarter worth about $84,583,000. Finally, Graypoint LLC purchased a new stake in shares of Fiserv during the fourth quarter worth about $3,732,000. 90.98% of the stock is currently 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.