FY2024 Earnings Forecast for Fiserv Issued By KeyCorp

Fiserv, Inc. (NYSE:FI) – Research analysts at KeyCorp issued their FY2024 earnings estimates for shares of Fiserv in a research report issued on Wednesday, December 18th. KeyCorp analyst A. Markgraff anticipates that the business services provider will earn $8.78 per share for the year. KeyCorp has a “Overweight” rating and a $225.00 price objective on the stock. The consensus estimate for Fiserv’s current full-year earnings is $8.77 per share. KeyCorp also issued estimates for Fiserv’s Q4 2024 earnings at $2.48 EPS.

A number of other analysts also recently issued reports on FI. StockNews.com raised shares of Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 26th. Compass Point began coverage on Fiserv in a research note on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price target for the company. Tigress Financial raised their price objective on Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Robert W. Baird upped their target price on Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. Finally, Jefferies Financial Group raised their price target on Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Three analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $222.88.

Fiserv Trading Up 1.9 %

Shares of Fiserv stock opened at $206.05 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a 50-day moving average of $207.37 and a 200-day moving average of $179.09. Fiserv has a 52-week low of $131.41 and a 52-week high of $223.23. The stock has a market cap of $117.23 billion, a PE ratio of 39.63, a PEG ratio of 1.56 and a beta of 0.93.

Fiserv (NYSE:FI) last released its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.04. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The business had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same period last year, the firm posted $1.96 EPS. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year.

Insider Activity at Fiserv

In related news, CAO Kenneth Best sold 20,821 shares of Fiserv stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total value of $4,468,394.81. Following the transaction, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Heidi Miller sold 30,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the sale, the director now directly owns 33,235 shares of the company’s stock, valued at $6,684,555.55. This represents a 47.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 90,821 shares of company stock worth $18,581,095 in the last quarter. 0.75% of the stock is owned by insiders.

Hedge Funds Weigh In On Fiserv

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Waypoint Capital Advisors LLC lifted its stake in shares of Fiserv by 1.7% in the 3rd quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock valued at $560,000 after purchasing an additional 51 shares during the period. Optas LLC increased its holdings in Fiserv by 1.7% in the third quarter. Optas LLC now owns 3,216 shares of the business services provider’s stock worth $578,000 after purchasing an additional 54 shares in the last quarter. Cedar Mountain Advisors LLC lifted its stake in Fiserv by 42.5% in the third quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after buying an additional 57 shares during the period. Covestor Ltd boosted its holdings in shares of Fiserv by 7.6% during the 3rd quarter. Covestor Ltd now owns 832 shares of the business services provider’s stock worth $150,000 after buying an additional 59 shares in the last quarter. Finally, West Bancorporation Inc. grew its position in shares of Fiserv by 3.8% during the 3rd quarter. West Bancorporation Inc. now owns 1,648 shares of the business services provider’s stock worth $296,000 after buying an additional 61 shares during the period. 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.