Equities Analysts Offer Predictions for Fiserv Q3 Earnings

Fiserv, Inc. (NYSE:FI) – B. Riley dropped their Q3 2024 earnings per share estimates for shares of Fiserv in a research report issued to clients and investors on Monday, October 21st. B. Riley analyst H. Goetsch now forecasts that the business services provider will post earnings of $2.23 per share for the quarter, down from their prior estimate of $2.25. B. Riley currently has a “Buy” rating and a $185.00 target price 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 EPS for the quarter, topping the consensus estimate of $2.26 by $0.04. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The firm had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $4.90 billion. During the same period in the previous year, the business earned $1.96 earnings per share. Fiserv’s revenue for the quarter was up 7.0% compared to the same quarter last year.

Other equities research analysts have also issued reports about the company. BTIG Research initiated coverage on Fiserv in a research note on Wednesday, August 28th. They set a “buy” rating and a $200.00 price objective for the company. William Blair upgraded Fiserv to a “strong-buy” rating in a research report on Wednesday, July 24th. The Goldman Sachs Group boosted their price objective on Fiserv from $188.00 to $208.00 and gave the stock a “neutral” rating in a report on Wednesday. Royal Bank of Canada lifted their target price on shares of Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Stephens upped their price target on shares of Fiserv from $170.00 to $200.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. Four investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $199.92.

Fiserv Stock Up 1.3 %

FI stock opened at $202.36 on Tuesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market cap of $118.40 billion, a PE ratio of 37.82, 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 $203.00. The firm has a 50 day simple moving average of $179.29 and a 200 day simple moving average of $162.09.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $27,005,424.03. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Fiserv news, EVP John Gibbons sold 18,890 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total value of $3,177,486.90. Following the sale, the executive vice president now directly owns 28,323 shares in the company, valued at $4,764,211.83. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Guy Chiarello sold 24,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 187,890 shares of company stock worth $32,855,417 over the last 90 days. Insiders own 0.75% of the company’s stock.

Institutional Trading of Fiserv

A number of institutional investors and hedge funds have recently modified their holdings of the company. Waypoint Capital Advisors LLC lifted its position in shares of Fiserv by 1.7% during the 3rd quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock worth $560,000 after buying an additional 51 shares during the period. Cedar Mountain Advisors LLC lifted its holdings in shares of Fiserv by 42.5% during the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 57 shares during the period. Atwood & Palmer Inc. grew its holdings in shares of Fiserv by 6.6% in the 3rd quarter. Atwood & Palmer Inc. now owns 1,066 shares of the business services provider’s stock worth $192,000 after purchasing an additional 66 shares during the last quarter. Quent Capital LLC increased its position in shares of Fiserv by 5.9% during the 1st quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock worth $194,000 after purchasing an additional 68 shares in the last quarter. Finally, Fielder Capital Group LLC lifted its holdings in Fiserv by 3.3% during the 2nd quarter. Fielder Capital Group LLC now owns 2,130 shares of the business services provider’s stock valued at $317,000 after purchasing an additional 68 shares during the last quarter. 90.98% of the stock is currently owned by 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.