FY2024 Earnings Estimate for Fiserv Issued By William Blair

Fiserv, Inc. (NYSE:FI) – Equities research analysts at William Blair increased their FY2024 EPS estimates for Fiserv in a research report issued on Tuesday, October 22nd. William Blair analyst A. Jeffrey now expects that the business services provider will earn $8.80 per share for the year, up from their prior estimate of $8.77. William Blair currently has a “Strong-Buy” rating on the stock. The consensus estimate for Fiserv’s current full-year earnings is $8.74 per share. William Blair also issued estimates for Fiserv’s Q4 2024 earnings at $2.51 EPS, Q1 2025 earnings at $2.19 EPS, Q2 2025 earnings at $2.46 EPS, Q3 2025 earnings at $2.66 EPS, Q4 2025 earnings at $2.92 EPS, FY2025 earnings at $10.21 EPS and FY2026 earnings at $11.97 EPS.

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

FI has been the subject of a number of other reports. B. Riley boosted their price target on shares of Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. The Goldman Sachs Group upped their target price on shares of Fiserv from $188.00 to $208.00 and gave the company a “neutral” rating in a research note on Wednesday. Robert W. Baird upped their target price on shares of Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Wells Fargo & Company upped their target price on shares of Fiserv from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Citigroup upped their target price on shares of Fiserv from $187.00 to $226.00 in a research note on Tuesday. 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 MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $199.92.

Fiserv Price Performance

Shares of FI stock opened at $202.36 on Thursday. Fiserv has a 1 year low of $111.53 and a 1 year high of $203.00. The firm’s 50 day moving average is $179.29 and its 200-day moving average is $162.09. The firm has a market capitalization of $118.40 billion, a price-to-earnings ratio of 37.82, a PEG ratio of 1.44 and a beta of 0.93. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85.

Institutional Trading of Fiserv

Several hedge funds have recently modified their holdings of the stock. Waypoint Capital Advisors LLC increased its stake in Fiserv by 1.7% during the 3rd quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock valued at $560,000 after purchasing an additional 51 shares in the last quarter. Cedar Mountain Advisors LLC increased its stake in Fiserv by 42.5% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 57 shares in the last quarter. Atwood & Palmer Inc. increased its stake in Fiserv by 6.6% during the 3rd quarter. Atwood & Palmer Inc. now owns 1,066 shares of the business services provider’s stock valued at $192,000 after purchasing an additional 66 shares in the last quarter. Quent Capital LLC increased its stake in Fiserv by 5.9% during the 1st quarter. Quent Capital LLC now owns 1,211 shares of the business services provider’s stock valued at $194,000 after purchasing an additional 68 shares in the last quarter. Finally, Fielder Capital Group LLC increased its stake in Fiserv by 3.3% during the 2nd quarter. Fielder Capital Group LLC now owns 2,130 shares of the business services provider’s stock valued at $317,000 after purchasing an additional 68 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In other news, CEO Frank Bisignano sold 145,000 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $177.37, for a total value of $25,718,650.00. Following the sale, the chief executive officer now directly owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the sale, the chief executive officer now directly owns 2,965,084 shares in the company, valued at $525,916,949.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of Fiserv 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 in the company, valued at approximately $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 have sold a total of 187,890 shares of company stock valued at $32,855,417 in the last ninety days. 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.