Zacks Research Forecasts Fiserv’s FY2024 Earnings (NYSE:FI)

Fiserv, Inc. (NYSE:FI) – Stock analysts at Zacks Research upped their FY2024 earnings per share (EPS) estimates for Fiserv in a report released on Thursday, November 7th. Zacks Research analyst R. Department now expects that the business services provider will post earnings of $8.77 per share for the year, up from their prior forecast of $8.67. The consensus estimate for Fiserv’s current full-year earnings is $8.77 per share. Zacks Research also issued estimates for Fiserv’s Q4 2024 earnings at $2.46 EPS, Q1 2025 earnings at $2.16 EPS, Q2 2025 earnings at $2.45 EPS, Q4 2025 earnings at $2.88 EPS, FY2025 earnings at $10.15 EPS, Q2 2026 earnings at $2.74 EPS and FY2026 earnings at $11.57 EPS.

Several other brokerages also recently weighed in on FI. Tigress Financial boosted their price target on Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Citigroup upped their target price on Fiserv from $187.00 to $226.00 in a research note on Tuesday, October 22nd. Robert W. Baird raised their price target on Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. UBS Group upped their price objective on shares of Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, KeyCorp raised their target price on shares of Fiserv from $180.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $207.25.

Fiserv Stock Performance

NYSE:FI opened at $213.98 on Monday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $121.74 billion, a PE ratio of 41.28, a P/E/G ratio of 1.61 and a beta of 0.92. The firm has a 50 day simple moving average of $188.18 and a 200-day simple moving average of $167.00. Fiserv has a 1-year low of $121.07 and a 1-year high of $215.45.

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, beating the consensus estimate of $2.26 by $0.04. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The firm had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter in the previous year, the company posted $1.96 EPS. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis.

Institutional Investors Weigh In On Fiserv

Several institutional investors and hedge funds have recently made changes to their positions in FI. Bessemer Group Inc. boosted its stake in Fiserv by 67.2% in the first quarter. Bessemer Group Inc. now owns 3,251,722 shares of the business services provider’s stock valued at $519,690,000 after acquiring an additional 1,306,901 shares during the period. Capital World Investors grew its stake in Fiserv by 7.4% during the 1st quarter. Capital World Investors now owns 18,840,137 shares of the business services provider’s stock worth $3,011,031,000 after buying an additional 1,303,078 shares during the last quarter. Maj Invest Holding A S acquired a new stake in Fiserv in the third quarter worth $172,993,000. Manning & Napier Advisors LLC bought a new stake in Fiserv in the second quarter valued at $105,031,000. Finally, Mizuho Securities USA LLC boosted its holdings in shares of Fiserv by 1,238.6% during the third quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock valued at $108,488,000 after acquiring an additional 558,774 shares during the period. 90.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Fiserv

In other news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $164.97, for a total transaction 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 approximately $27,005,424.03. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Doyle Simons sold 40,000 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total value of $8,078,800.00. Following the completion of the sale, the director now directly owns 76,180 shares of the company’s stock, valued at $15,386,074.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Guy Chiarello sold 24,000 shares of the stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $27,005,424.03. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 257,890 shares of company stock valued at $46,968,117. Insiders own 0.75% 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.