B. Riley Issues Negative Outlook for Fiserv Earnings

Fiserv, Inc. (NYSE:FI) – Stock analysts at B. Riley cut their Q3 2024 earnings per share (EPS) estimates for Fiserv in a report released on Monday, October 21st. B. Riley analyst H. Goetsch now expects that the business services provider will post earnings of $2.23 per share for the quarter, down from their prior forecast of $2.25. 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.

A number of other analysts have also recently weighed in on FI. Stephens increased their price target on Fiserv from $170.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Friday. Royal Bank of Canada restated an “outperform” rating and issued a $183.00 target price on shares of Fiserv in a research report on Wednesday, October 2nd. TD Cowen raised their target price on Fiserv from $182.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Oppenheimer assumed coverage on Fiserv in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $203.00 target price on the stock. Finally, BMO Capital Markets raised their target price on Fiserv from $175.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Fiserv presently has an average rating of “Moderate Buy” and an average target price of $187.92.

Fiserv Trading Down 0.1 %

NYSE:FI opened at $197.15 on Tuesday. 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 business’s 50 day moving average is $177.77 and its two-hundred day moving average is $161.51. Fiserv has a 52 week low of $109.11 and a 52 week high of $198.86. The company has a market cap of $115.35 billion, a PE ratio of 36.85, a P/E/G ratio of 1.44 and a beta of 0.93.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 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 company had revenue of $5.11 billion during the quarter, compared to analyst estimates of $4.81 billion. During the same period in the prior year, the firm posted $1.81 earnings per share. The firm’s revenue was up 7.4% on a year-over-year basis.

Institutional Investors Weigh In On Fiserv

Several institutional investors have recently added to or reduced their stakes in FI. Wellington Shields & Co. LLC purchased a new stake in shares of Fiserv in the first quarter valued at approximately $25,000. Family Firm Inc. acquired a new position in shares of Fiserv in the 2nd quarter valued at $31,000. Clean Yield Group raised its holdings in shares of Fiserv by 431.3% in the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock valued at $31,000 after buying an additional 138 shares during the period. ZRC Wealth Management LLC purchased a new stake in shares of Fiserv in the 1st quarter valued at $32,000. Finally, Cedar Mountain Advisors LLC increased its holdings in Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after purchasing an additional 57 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In related news, EVP John Gibbons sold 18,890 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the transaction, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Fiserv news, EVP John Gibbons sold 18,890 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the transaction, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,764,211.83. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $164.97, for a total value of $3,959,280.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $27,005,424.03. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 187,890 shares of company stock worth $32,855,417 in the last three months. 0.75% of the stock is currently owned by company insiders.

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.