What is B. Riley’s Estimate for Fiserv Q4 Earnings?

Fiserv, Inc. (NYSE:FI) – Stock analysts at B. Riley boosted their Q4 2024 earnings per share (EPS) estimates for shares of Fiserv in a note issued to investors on Monday, October 21st. B. Riley analyst H. Goetsch now forecasts that the business services provider will earn $2.52 per share for the quarter, up from their previous forecast of $2.50. B. Riley currently has a “Buy” rating and a $185.00 target price on the stock. The consensus estimate for Fiserv’s current full-year earnings is $8.74 per share.

Other equities research analysts have also recently issued reports about the company. Wells Fargo & Company lifted their price objective on Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. BMO Capital Markets increased their price target on shares of Fiserv from $175.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Barclays lifted 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. Keefe, Bruyette & Woods increased their target price on shares of Fiserv from $178.00 to $184.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Finally, Robert W. Baird boosted their price target on shares of Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. Three research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.04.

Fiserv Stock Up 1.3 %

Fiserv stock opened at $199.72 on Wednesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a 50 day moving average price of $178.52 and a 200 day moving average price of $161.81. Fiserv has a fifty-two week low of $109.11 and a fifty-two week high of $199.87. The company has a market capitalization of $116.86 billion, a PE ratio of 37.33, a price-to-earnings-growth ratio of 1.44 and a beta of 0.93.

Fiserv (NYSE:FI) last announced its earnings results 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. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The company had revenue of $5.22 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same quarter last year, the firm posted $1.96 earnings per share. Fiserv’s revenue was up 7.0% compared to the same quarter last year.

Institutional Trading of Fiserv

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Norden Group LLC acquired a new stake in Fiserv in the first quarter valued at $2,359,000. ORG Partners LLC boosted its holdings in shares of Fiserv by 3,016.0% in the 2nd quarter. ORG Partners LLC now owns 3,303 shares of the business services provider’s stock valued at $486,000 after purchasing an additional 3,197 shares during the last quarter. ZRC Wealth Management LLC acquired a new stake in Fiserv during the 1st quarter worth approximately $32,000. Park Place Capital Corp raised its position in Fiserv by 66.3% in the third quarter. Park Place Capital Corp now owns 7,008 shares of the business services provider’s stock valued at $1,259,000 after purchasing an additional 2,794 shares during the period. Finally, Acadian Asset Management LLC lifted its position in shares of Fiserv by 377.3% during the first quarter. Acadian Asset Management LLC now owns 56,645 shares of the business services provider’s stock worth $9,047,000 after purchasing an additional 44,776 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Activity at Fiserv

In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the transaction, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the transaction, the chief executive officer now directly owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John Gibbons sold 18,890 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 187,890 shares of company stock valued at $32,855,417 over the last ninety days. Insiders own 0.75% of the company’s stock.

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.