FY2024 EPS Estimates for Fiserv, Inc. Lifted by B. Riley (NYSE:FI)

Fiserv, Inc. (NYSE:FI) – Equities researchers at B. Riley upped their FY2024 earnings per share estimates for shares of Fiserv in a research report issued to clients and investors on Thursday, July 25th. B. Riley analyst H. Goetsch now anticipates that the business services provider will post earnings per share of $8.75 for the year, up from their previous estimate of $8.74. 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 $8.69 per share. B. Riley also issued estimates for Fiserv’s Q4 2024 earnings at $2.50 EPS and FY2025 earnings at $10.30 EPS.

Several other research analysts have also issued reports on the company. Mizuho raised their price target on Fiserv from $156.00 to $168.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. StockNews.com upgraded Fiserv from a “hold” rating to a “buy” rating in a research report on Wednesday, June 26th. William Blair upgraded Fiserv to a “strong-buy” rating in a research report on Wednesday. TD Cowen lifted their target price on Fiserv from $175.00 to $182.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Citigroup lifted their target price on Fiserv from $171.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Five investment 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’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $170.19.

Fiserv Stock Down 3.2 %

NYSE:FI opened at $156.01 on Friday. Fiserv has a 12-month low of $109.11 and a 12-month high of $162.47. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $91.28 billion, a P/E ratio of 29.16, a P/E/G ratio of 1.30 and a beta of 0.92. The stock’s fifty day simple moving average is $151.15 and its 200-day simple moving average is $149.67.

Fiserv (NYSE:FI) last posted its quarterly 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 return on equity of 16.41% and a net margin of 17.45%. The business had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.81 billion. During the same period last year, the company earned $1.81 EPS. The firm’s revenue was up 7.4% on a year-over-year basis.

Hedge Funds Weigh In On Fiserv

Institutional investors have recently bought and sold shares of the business. Wellington Shields & Co. LLC acquired a new position in Fiserv during the first quarter worth approximately $25,000. ZRC Wealth Management LLC acquired a new position in Fiserv during the first quarter worth approximately $32,000. Halpern Financial Inc. bought a new stake in shares of Fiserv during the fourth quarter worth approximately $27,000. RE Dickinson Investment Advisors LLC bought a new stake in shares of Fiserv during the fourth quarter worth approximately $27,000. Finally, GW&K Investment Management LLC bought a new stake in shares of Fiserv during the fourth quarter worth approximately $27,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $154.86, for a total value of $3,716,640.00. Following the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $25,350,427.14. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $25,350,427.14. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP John Gibbons sold 2,800 shares of the business’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 directly owns 28,323 shares in the company, valued at approximately $4,213,329.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,800 shares of company stock valued at $7,696,448. 0.75% of the stock is owned by 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.