Research Analysts Set Expectations for Fiserv Q4 Earnings

Fiserv, Inc. (NYSE:FI - Free Report) - Equities research analysts at B. Riley increased their Q4 2024 earnings estimates for Fiserv in a research report issued to clients and investors on Monday, October 21st. B. Riley analyst H. Goetsch now expects that the business services provider will earn $2.52 per share for the quarter, up from their prior forecast of $2.50. B. Riley has a "Buy" rating and a $185.00 price objective on the stock. The consensus estimate for Fiserv's current full-year earnings is $8.74 per share.

Fiserv (NYSE:FI - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, topping analysts' consensus estimates of $2.26 by $0.04. The firm had revenue of $5.22 billion during the quarter, compared to analyst estimates of $4.90 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The company's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.96 EPS.

Several other analysts have also issued reports on FI. Morgan Stanley increased their price target on shares of Fiserv from $177.00 to $220.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 15th. Oppenheimer assumed coverage on shares of Fiserv in a research note on Tuesday, October 1st. They issued an "outperform" rating and a $203.00 price target for the company. Royal Bank of Canada boosted their price target on shares of Fiserv from $183.00 to $224.00 and gave the stock an "outperform" rating in a report on Wednesday. Jefferies Financial Group lifted their price objective on shares of Fiserv from $195.00 to $200.00 and gave the stock a "hold" rating in a research report on Tuesday. Finally, Robert W. Baird upped their target price on shares of Fiserv from $186.00 to $200.00 and gave the stock an "outperform" rating in a report on Monday, September 23rd. Four research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Fiserv currently has an average rating of "Moderate Buy" and a consensus target price of $199.92.

Fiserv Stock Performance

Fiserv stock traded up $2.69 during trading hours on Wednesday, hitting $202.36. The company had a trading volume of 3,524,436 shares, compared to its average volume of 2,484,786. The firm has a 50-day moving average of $179.29 and a 200 day moving average of $162.09. Fiserv has a one year low of $111.53 and a one year high of $203.00. The firm has a market cap of $118.40 billion, a PE ratio of 37.82, a PEG ratio of 1.44 and a beta of 0.93. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Wellington Shields & Co. LLC acquired a new stake in Fiserv during the 1st quarter valued at $25,000. Family Firm Inc. bought a new stake in Fiserv in the 2nd quarter valued at about $31,000. Clean Yield Group increased its stake in Fiserv by 431.3% during 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 acquired a new position in Fiserv during the 1st quarter valued at about $32,000. Finally, Cedar Mountain Advisors LLC grew its stake in shares of Fiserv by 42.5% in 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 last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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 shares were sold at an average price of $168.21, for a total value of $3,177,486.90. Following the completion of the transaction, the executive vice president now owns 28,323 shares of the company's stock, valued at $4,764,211.83. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, EVP John Gibbons sold 18,890 shares of the firm's stock in a transaction dated Wednesday, August 21st. The shares were 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Guy Chiarello sold 24,000 shares of the firm's stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 187,890 shares of company stock valued at $32,855,417. Corporate 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.