Equities Analysts Offer Predictions for Fiserv Q4 Earnings

Fiserv, Inc. (NYSE:FI) – Equities researchers at B. Riley upped their Q4 2024 EPS estimates for Fiserv in a research report issued on Monday, October 21st. B. Riley analyst H. Goetsch now anticipates that the business services provider will post earnings per share of $2.52 for the quarter, up from their previous forecast of $2.50. B. Riley has a “Buy” rating and a $185.00 price objective on the stock. The consensus estimate for Fiserv’s current full-year earnings is $8.74 per share.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. The firm had revenue of $5.22 billion during the quarter, compared to analyst estimates of $4.90 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. Fiserv’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company earned $1.96 EPS.

Other equities research analysts have also recently issued reports about the stock. BMO Capital Markets boosted their price objective on shares of Fiserv from $175.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. TD Cowen boosted their price target on Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday. Jefferies Financial Group increased their price objective on Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday. William Blair raised Fiserv to a “strong-buy” rating in a research report on Wednesday, July 24th. Finally, KeyCorp increased their price target on Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday. Four research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $202.08.

Fiserv Stock Up 0.4 %

Shares of FI opened at $203.26 on Wednesday. The firm has a fifty day moving average price of $179.29 and a 200-day moving average price of $162.09. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $118.93 billion, a P/E ratio of 38.00, a P/E/G ratio of 1.44 and a beta of 0.93. Fiserv has a 12-month low of $111.53 and a 12-month high of $204.50.

Insider Buying and Selling

In other news, Director Doyle Simons sold 40,000 shares of the business’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the sale, the director now directly owns 76,180 shares of the company’s stock, valued at $15,386,074.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Doyle Simons sold 40,000 shares of the stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total value of $8,078,800.00. Following the transaction, the director now directly owns 76,180 shares of the company’s stock, valued at approximately $15,386,074.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $177.37, for a total value of $25,718,650.00. Following the sale, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 227,890 shares of company stock worth $40,934,217 in the last three months. Corporate insiders own 0.75% of the company’s stock.

Institutional Trading of Fiserv

Several large investors have recently made changes to their positions in FI. Wellington Management Group LLP purchased a new stake in shares of Fiserv in the fourth quarter worth about $3,292,000. Fisher Asset Management LLC purchased a new stake in Fiserv in the 4th quarter worth approximately $296,000. Dynamic Advisor Solutions LLC grew its stake in shares of Fiserv by 5.1% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 8,518 shares of the business services provider’s stock worth $1,361,000 after purchasing an additional 413 shares during the period. RMR Wealth Builders purchased a new position in shares of Fiserv during the 1st quarter valued at approximately $363,000. Finally, Brookstone Capital Management lifted its stake in shares of Fiserv by 313.1% in the 1st quarter. Brookstone Capital Management now owns 26,760 shares of the business services provider’s stock valued at $4,277,000 after purchasing an additional 20,282 shares during the period. 90.98% of the stock is owned by hedge funds and other institutional investors.

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.