Research Analysts Set Expectations for Fiserv Q4 Earnings

Fiserv, Inc. (NYSE:FI) – Analysts at B. Riley lowered their Q4 2024 earnings per share (EPS) estimates for shares of Fiserv in a note issued to investors on Tuesday, October 22nd. B. Riley analyst H. Goetsch now expects that the business services provider will post earnings of $2.47 per share for the quarter, down from their prior estimate of $2.52. 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.

Several other research analysts also recently weighed in on the stock. Mizuho increased their price target on Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a research note on Thursday. KeyCorp upped their target price on shares of Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday. Oppenheimer initiated coverage on shares of Fiserv in a report on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 price target on the stock. Barclays increased their price objective on shares of Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Finally, Stephens lifted their target price on Fiserv from $170.00 to $200.00 and gave the stock an “equal weight” rating in a 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 company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $202.08.

Fiserv Trading Up 0.4 %

Shares of Fiserv stock opened at $203.26 on Friday. Fiserv has a 1-year low of $111.53 and a 1-year high of $204.50. The company’s fifty day simple moving average is $179.29 and its 200-day simple moving average is $162.09. 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 stock has a market capitalization of $118.93 billion, a PE ratio of 37.99, a P/E/G ratio of 1.44 and a beta of 0.93.

Fiserv (NYSE:FI) last issued its quarterly earnings data 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. The firm had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $4.90 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.96 EPS.

Institutional Trading of Fiserv

A number of institutional investors have recently bought and sold shares of FI. Wellington Management Group LLP purchased a new stake in Fiserv during the 4th quarter valued at about $3,292,000. Dynamic Advisor Solutions LLC increased its holdings in Fiserv by 5.1% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 8,518 shares of the business services provider’s stock worth $1,361,000 after buying an additional 413 shares during the period. Brookstone Capital Management raised its position in Fiserv by 313.1% during the 1st quarter. Brookstone Capital Management now owns 26,760 shares of the business services provider’s stock worth $4,277,000 after buying an additional 20,282 shares during the last quarter. Aspiriant LLC acquired a new stake in shares of Fiserv in the first quarter worth $238,000. Finally, Wealthcare Advisory Partners LLC purchased a new position in shares of Fiserv during the first quarter worth $254,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $164.97, for a total value of $3,959,280.00. Following the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $27,005,424.03. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Doyle Simons sold 40,000 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the transaction, the director now directly owns 76,180 shares of the company’s stock, valued at $15,386,074.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $164.97, for a total value of $3,959,280.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 227,890 shares of company stock worth $40,934,217. 0.75% of the stock is owned by corporate insiders.

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.