William Blair Weighs in on Fiserv, Inc.’s Q2 2024 Earnings (NYSE:FI)

Fiserv, Inc. (NYSE:FI) – Analysts at William Blair upped their Q2 2024 earnings estimates for Fiserv in a research report issued on Tuesday, April 23rd. William Blair analyst C. Kennedy now anticipates that the business services provider will post earnings of $2.15 per share for the quarter, up from their prior estimate of $2.14. The consensus estimate for Fiserv’s current full-year earnings is $8.63 per share. William Blair also issued estimates for Fiserv’s Q3 2024 earnings at $2.27 EPS, FY2024 earnings at $8.69 EPS, Q1 2025 earnings at $2.15 EPS, Q3 2025 earnings at $2.60 EPS and Q4 2025 earnings at $2.73 EPS.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.11. The firm had revenue of $4.88 billion for the quarter, compared to analysts’ expectations of $4.57 billion. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.58 earnings per share.

FI has been the topic of several other reports. Citigroup upped their price target on shares of Fiserv from $171.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday. Royal Bank of Canada boosted their target price on shares of Fiserv from $158.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday. Susquehanna boosted their target price on shares of Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a research note on Monday, March 25th. Truist Financial boosted their target price on shares of Fiserv from $140.00 to $145.00 and gave the company a “hold” rating in a research note on Wednesday, February 7th. Finally, BMO Capital Markets boosted their target price on shares of Fiserv from $163.00 to $168.00 and gave the company an “outperform” rating in a research note on Wednesday. Six research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $164.33.

Fiserv Trading Down 2.0 %

FI opened at $152.25 on Thursday. The stock has a market capitalization of $89.64 billion, a PE ratio of 28.46, a P/E/G ratio of 1.27 and a beta of 0.91. The firm’s fifty day moving average price is $152.28 and its 200 day moving average price is $137.34. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.04. Fiserv has a 12-month low of $109.11 and a 12-month high of $159.99.

Hedge Funds Weigh In On Fiserv

A number of institutional investors and hedge funds have recently bought and sold shares of FI. Hollencrest Capital Management lifted its holdings in Fiserv by 75.8% in the 3rd quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 100 shares during the last quarter. West Oak Capital LLC acquired a new stake in Fiserv in the 4th quarter valued at about $27,000. Halpern Financial Inc. acquired a new stake in Fiserv in the 4th quarter valued at about $27,000. GW&K Investment Management LLC acquired a new stake in Fiserv in the 4th quarter valued at about $27,000. Finally, RE Dickinson Investment Advisors LLC acquired a new stake in Fiserv in the 4th quarter valued at about $27,000. Institutional investors own 90.98% of the company’s stock.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $149.53, for a total value of $3,588,720.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $24,477,911.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 111,575 shares of company stock worth $17,022,387 in the last 90 days. 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.