Q2 2024 Earnings Forecast for Fiserv, Inc. (NYSE:FI) Issued By B. Riley

Fiserv, Inc. (NYSE:FI) – Analysts at B. Riley decreased their Q2 2024 earnings per share (EPS) estimates for Fiserv in a research note issued on Tuesday, April 23rd. B. Riley analyst H. Goetsch now forecasts that the business services provider will earn $2.07 per share for the quarter, down from their prior estimate of $2.08. B. Riley currently has a “Buy” rating and a $180.00 target price on the stock. The consensus estimate for Fiserv’s current full-year earnings is $8.63 per share. B. Riley also issued estimates for Fiserv’s FY2025 earnings at $10.27 EPS.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.11. The business had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.58 earnings per share.

Other equities analysts also recently issued reports about the company. UBS Group upped their target price on Fiserv from $170.00 to $185.00 and gave the company a “buy” rating in a research report on Wednesday. Citigroup upped their target price on Fiserv from $171.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday. Jefferies Financial Group upped their target price on Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a research report on Monday, March 25th. Morgan Stanley upped their target price on Fiserv from $133.00 to $142.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Finally, Oppenheimer raised Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 target price on the stock in a research report on Thursday, January 11th. Six research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Fiserv currently has an average rating of “Moderate Buy” and an average price target of $164.33.

Fiserv Price Performance

NYSE FI opened at $152.25 on Thursday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.04. The stock’s fifty day moving average price is $152.28 and its 200 day moving average price is $137.34. Fiserv has a 1 year low of $109.11 and a 1 year high of $159.99. The company has a market cap of $89.64 billion, a price-to-earnings ratio of 28.46, a PEG ratio of 1.27 and a beta of 0.91.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 23,929 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $151.79, for a total transaction of $3,632,182.91. Following the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $24,847,871.21. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 111,575 shares of company stock valued at $17,022,387 in the last ninety days. 0.75% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FI. Hollencrest Capital Management lifted its stake in 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 purchased a new position in Fiserv in the 4th quarter valued at about $27,000. Halpern Financial Inc. purchased a new position in Fiserv in the 4th quarter valued at about $27,000. GW&K Investment Management LLC purchased a new position in Fiserv in the 4th quarter worth approximately $27,000. Finally, RE Dickinson Investment Advisors LLC purchased a new position in Fiserv in the 4th quarter worth approximately $27,000. 90.98% of the stock is owned by hedge funds and other 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.