Seaport Res Ptn Weighs in on Fiserv, Inc.’s Q1 2024 Earnings (NYSE:FI)

Fiserv, Inc. (NYSE:FI) – Investment analysts at Seaport Res Ptn cut their Q1 2024 earnings per share (EPS) estimates for Fiserv in a report issued on Monday, April 15th. Seaport Res Ptn analyst J. Cantwell now forecasts that the business services provider will post earnings per share of $1.84 for the quarter, down from their prior forecast of $1.92. The consensus estimate for Fiserv’s current full-year earnings is $8.62 per share. Seaport Res Ptn also issued estimates for Fiserv’s Q2 2024 earnings at $2.02 EPS, Q1 2025 earnings at $2.13 EPS and Q2 2025 earnings at $2.27 EPS.

A number of other equities research analysts also recently weighed in on the company. Mizuho reaffirmed a “buy” rating and set a $156.00 price objective on shares of Fiserv in a report on Wednesday, March 27th. Susquehanna lifted their price objective on Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a report on Monday, March 25th. Royal Bank of Canada increased their price target on Fiserv from $144.00 to $158.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Evercore ISI restated an “outperform” rating and set a $185.00 price target on shares of Fiserv in a research report on Tuesday, March 26th. Finally, Morgan Stanley increased their price target on Fiserv from $133.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Six analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and an average price target of $158.21.

Fiserv Stock Down 0.1 %

NYSE FI opened at $146.91 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73. The stock’s 50 day moving average is $151.72 and its two-hundred day moving average is $136.10. The company has a market capitalization of $86.49 billion, a price-to-earnings ratio of 29.38, a PEG ratio of 1.20 and a beta of 0.91. Fiserv has a 1-year low of $109.11 and a 1-year high of $159.99.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.04. The business had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.68 billion. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the business earned $1.91 earnings per share.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Hollencrest Capital Management increased its position in shares of Fiserv by 75.8% in the 3rd quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock valued at $26,000 after buying an additional 100 shares in the last quarter. West Oak Capital LLC bought a new position in Fiserv during the 4th quarter worth about $27,000. Halpern Financial Inc. bought a new position in Fiserv during the 4th quarter worth about $27,000. GW&K Investment Management LLC bought a new position in Fiserv during the 4th quarter worth about $27,000. Finally, RE Dickinson Investment Advisors LLC bought a new position in Fiserv during the 4th quarter worth about $27,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Activity

In other news, COO Guy Chiarello sold 23,929 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $151.79, for a total value of $3,632,182.91. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $24,847,871.21. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold a total of 111,575 shares of company stock valued at $17,022,387 in the last 90 days. 0.75% of the stock is owned by company 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.