Q2 2024 EPS Estimates for Fiserv, Inc. (NYSE:FI) Lifted by Zacks Research

Fiserv, Inc. (NYSE:FI) – Analysts at Zacks Research boosted their Q2 2024 earnings per share estimates for shares of Fiserv in a research report issued to clients and investors on Wednesday, July 24th. Zacks Research analyst R. Department now expects that the business services provider will earn $2.08 per share for the quarter, up from their prior estimate of $2.07. The consensus estimate for Fiserv’s current full-year earnings is $8.71 per share. Zacks Research also issued estimates for Fiserv’s Q4 2024 earnings at $2.44 EPS.

Several other equities research analysts also recently commented on the company. JPMorgan Chase & Co. boosted their price objective on Fiserv from $169.00 to $176.00 and gave the company an “overweight” rating in a report on Thursday. Robert W. Baird raised their price objective on shares of Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. UBS Group lifted their price objective on shares of Fiserv from $170.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. William Blair upgraded shares of Fiserv to a “strong-buy” rating in a report on Wednesday. Finally, Citigroup lifted their price target on Fiserv from $171.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Fiserv presently has an average rating of “Moderate Buy” and an average target price of $172.29.

Fiserv Stock Performance

Shares of Fiserv stock opened at $159.94 on Friday. The business has a 50-day simple moving average of $151.29 and a 200 day simple moving average of $149.94. The firm has a market capitalization of $93.58 billion, a price-to-earnings ratio of 29.90, a PEG ratio of 1.27 and a beta of 0.92. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. Fiserv has a one year low of $109.11 and a one year high of $162.47.

Fiserv (NYSE:FI) last issued its earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.03. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The business had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.81 billion. During the same period in the prior year, the firm earned $1.81 earnings per share. Fiserv’s revenue was up 7.4% on a year-over-year basis.

Insider Activity at Fiserv

In related news, EVP John Gibbons sold 2,800 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $148.76, for a total value of $416,528.00. Following the transaction, the executive vice president now owns 28,323 shares in the company, valued at $4,213,329.48. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP John Gibbons sold 2,800 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $148.76, for a total value of $416,528.00. Following the transaction, the executive vice president now owns 28,323 shares in the company, valued at $4,213,329.48. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $148.47, for a total value of $3,563,280.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $24,304,390.53. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,800 shares of company stock worth $7,696,448. Insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On Fiserv

Several institutional investors have recently made changes to their positions in FI. Wellington Shields & Co. LLC purchased a new stake in shares of Fiserv in the first quarter worth $25,000. Halpern Financial Inc. bought a new position in Fiserv in the fourth quarter valued at $27,000. GW&K Investment Management LLC bought a new position in Fiserv in the fourth quarter valued at $27,000. RE Dickinson Investment Advisors LLC bought a new position in Fiserv in the fourth quarter valued at $27,000. Finally, Private Wealth Management Group LLC bought a new position in Fiserv in the fourth quarter valued at $30,000. Hedge funds and other institutional investors 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.