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

Fiserv, Inc. (NYSE:FI - Free Report) - Analysts at B. Riley decreased their Q4 2024 earnings per share (EPS) estimates for Fiserv in a research report issued on Tuesday, October 22nd. B. Riley analyst H. Goetsch now anticipates that the business services provider will post earnings per share of $2.47 for the quarter, down from their prior estimate of $2.52. 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 equities research analysts also recently weighed in on FI. Stephens raised their target price on Fiserv from $170.00 to $200.00 and gave the company an "equal weight" rating in a report on Friday, October 18th. Keefe, Bruyette & Woods boosted their target price on Fiserv from $178.00 to $184.00 and gave the stock an "outperform" rating in a research note on Thursday, July 25th. Mizuho raised their price target on shares of Fiserv from $183.00 to $222.00 and gave the company an "outperform" rating in a research note on Thursday. TD Cowen upped their price objective on shares of Fiserv from $200.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, BTIG Research assumed coverage on shares of Fiserv in a research report on Wednesday, August 28th. They issued a "buy" rating and a $200.00 target price on the stock. Four research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $202.08.

Fiserv Price Performance

Shares of NYSE FI traded down $3.77 during mid-day trading on Friday, reaching $199.52. The company had a trading volume of 2,436,380 shares, compared to its average volume of 2,482,369. The firm has a market cap of $116.74 billion, a price-to-earnings ratio of 37.29, a PEG ratio of 1.44 and a beta of 0.93. The business's 50-day simple moving average is $180.04 and its 200 day simple moving average is $162.37. Fiserv has a one year low of $111.53 and a one year high of $204.50. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06.

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

Insider Activity

In other news, Director Doyle Simons sold 40,000 shares of Fiserv stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total transaction of $8,078,800.00. Following the sale, the director now directly owns 76,180 shares in the company, valued at $15,386,074.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Frank Bisignano sold 145,000 shares of the company's stock in a transaction on 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 $525,916,949.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Doyle Simons sold 40,000 shares of the business's stock in a transaction dated Wednesday, October 23rd. The shares were 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 owns 76,180 shares in the company, valued at $15,386,074.60. 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 227,890 shares of company stock valued at $40,934,217 over the last three months. Corporate insiders own 0.75% of the company's stock.

Institutional Investors Weigh In On Fiserv

Several institutional investors have recently made changes to their positions in FI. Trajan Wealth LLC grew its stake in Fiserv by 7.0% during the third quarter. Trajan Wealth LLC now owns 152,547 shares of the business services provider's stock valued at $27,405,000 after acquiring an additional 9,951 shares in the last quarter. Fidelis Capital Partners LLC boosted its stake in Fiserv by 2.1% during the third quarter. Fidelis Capital Partners LLC now owns 3,583 shares of the business services provider's stock valued at $644,000 after buying an additional 75 shares during the period. Valmark Advisers Inc. grew its position in Fiserv by 37.7% during the third quarter. Valmark Advisers Inc. now owns 2,995 shares of the business services provider's stock worth $538,000 after buying an additional 820 shares in the last quarter. Andina Capital Management LLC increased its stake in Fiserv by 4.4% in the 3rd quarter. Andina Capital Management LLC now owns 2,446 shares of the business services provider's stock worth $439,000 after acquiring an additional 104 shares during the last quarter. Finally, MONECO Advisors LLC raised its holdings in shares of Fiserv by 2.3% in the 3rd quarter. MONECO Advisors LLC now owns 3,592 shares of the business services provider's stock valued at $645,000 after acquiring an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 90.98% 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.