Fiserv, Inc. to Post Q2 2024 Earnings of $2.15 Per Share, William Blair Forecasts (NYSE:FI)

Fiserv, Inc. (NYSE:FI) – Analysts at William Blair raised their Q2 2024 EPS estimates for Fiserv in a research report issued to clients and investors on Tuesday, April 23rd. William Blair analyst C. Kennedy now anticipates that the business services provider will post earnings of $2.15 per share for the quarter, up from their previous forecast of $2.14. The consensus estimate for Fiserv’s current full-year earnings is $8.67 per share. William Blair also issued estimates for Fiserv’s Q3 2024 earnings at $2.27 EPS, FY2024 earnings at $8.69 EPS, Q1 2025 earnings at $2.15 EPS, Q3 2025 earnings at $2.60 EPS and Q4 2025 earnings at $2.73 EPS.

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

Other equities research analysts also recently issued reports about the stock. Barclays increased their price objective on shares of Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. Truist Financial increased their price objective on shares of Fiserv from $140.00 to $145.00 and gave the stock a “hold” rating in a research note on Wednesday, February 7th. StockNews.com began coverage on shares of Fiserv in a research note on Saturday, February 3rd. They set a “buy” rating on the stock. Royal Bank of Canada increased their price objective on shares of Fiserv from $158.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, UBS Group increased their target price on shares of Fiserv from $170.00 to $185.00 and gave the stock a “buy” rating in a report on Wednesday. Six research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and an average price target of $164.33.

Fiserv Trading Up 1.7 %

FI stock opened at $155.89 on Thursday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.04 and a current ratio of 1.06. The company’s 50-day simple moving average is $152.54 and its 200 day simple moving average is $137.74. Fiserv has a 52 week low of $109.11 and a 52 week high of $159.99. The company has a market capitalization of $91.78 billion, a PE ratio of 29.14, a price-to-earnings-growth ratio of 1.24 and a beta of 0.91.

Institutional Trading of Fiserv

Several hedge funds have recently bought and sold shares of the business. Cooper Financial Group lifted its stake in Fiserv by 3.1% during the 1st quarter. Cooper Financial Group now owns 2,243 shares of the business services provider’s stock valued at $358,000 after acquiring an additional 67 shares in the last quarter. BSW Wealth Partners lifted its stake in Fiserv by 2.8% during the 1st quarter. BSW Wealth Partners now owns 2,821 shares of the business services provider’s stock valued at $451,000 after acquiring an additional 76 shares in the last quarter. Wedmont Private Capital lifted its stake in Fiserv by 1.8% during the 1st quarter. Wedmont Private Capital now owns 4,898 shares of the business services provider’s stock valued at $761,000 after acquiring an additional 87 shares in the last quarter. Apeiron RIA LLC lifted its stake in Fiserv by 2.9% during the 3rd quarter. Apeiron RIA LLC now owns 3,217 shares of the business services provider’s stock valued at $363,000 after acquiring an additional 90 shares in the last quarter. Finally, Brighton Jones LLC lifted its stake in Fiserv by 4.0% during the 3rd quarter. Brighton Jones LLC now owns 2,385 shares of the business services provider’s stock valued at $269,000 after acquiring an additional 92 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 23,929 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $24,847,871.21. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold a total of 111,575 shares of company stock valued at $17,022,387 in the last quarter. 0.75% of the stock is currently owned by company insiders.

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.