B. Riley Has Bullish Outlook for Fiserv FY2024 Earnings

Fiserv, Inc. (NYSE:FI) – Investment analysts at B. Riley lifted their FY2024 EPS estimates for shares of Fiserv in a report issued on Tuesday, October 22nd. B. Riley analyst H. Goetsch now anticipates that the business services provider will post earnings of $8.77 per share for the year, up from their previous estimate of $8.75. B. Riley has a “Buy” rating and a $185.00 price target on the stock. The consensus estimate for Fiserv’s current full-year earnings is $8.74 per share. B. Riley also issued estimates for Fiserv’s Q1 2025 earnings at $2.26 EPS, Q2 2025 earnings at $2.50 EPS, Q3 2025 earnings at $2.65 EPS, Q4 2025 earnings at $2.95 EPS and FY2025 earnings at $10.36 EPS.

Fiserv (NYSE:FI) 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. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The firm had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same period in the previous year, the business earned $1.96 EPS. The company’s revenue was up 7.0% compared to the same quarter last year.

Several other research firms have also weighed in on FI. Susquehanna boosted their price objective on shares of Fiserv from $190.00 to $230.00 and gave the stock a “positive” rating in a research note on Friday, October 18th. TD Cowen boosted their price objective on shares of Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. upped their price target on shares of Fiserv from $199.00 to $227.00 and gave the company an “overweight” rating in a research note on Wednesday. Keefe, Bruyette & Woods upped their price target on shares of Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Finally, Royal Bank of Canada upped their price target on shares of Fiserv from $183.00 to $224.00 and gave the company an “outperform” rating in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $199.92.

Fiserv Stock Up 1.3 %

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

Insider Buying and Selling

In other news, CEO Frank Bisignano sold 145,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. This represents a 0.00 % decrease in their position. The sale 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 Fiserv stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the completion of the transaction, the executive vice president now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 187,890 shares of company stock valued at $32,855,417. Company insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On Fiserv

Hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP acquired a new stake in shares of Fiserv in the 4th quarter worth $3,292,000. Dynamic Advisor Solutions LLC increased its holdings in shares of Fiserv by 5.1% in the first quarter. Dynamic Advisor Solutions LLC now owns 8,518 shares of the business services provider’s stock valued at $1,361,000 after purchasing an additional 413 shares during the period. Brookstone Capital Management boosted its stake in shares of Fiserv by 313.1% in the first quarter. Brookstone Capital Management now owns 26,760 shares of the business services provider’s stock valued at $4,277,000 after buying an additional 20,282 shares in the last quarter. Aspiriant LLC purchased a new stake in Fiserv during the first quarter worth $238,000. Finally, Wealthcare Advisory Partners LLC acquired a new position in shares of Fiserv during the 1st quarter worth approximately $254,000. Hedge funds and other institutional investors own 90.98% 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.