What is B. Riley’s Forecast for Fiserv FY2024 Earnings?

Fiserv, Inc. (NYSE:FI) – Investment analysts at B. Riley upped their FY2024 earnings per share estimates for Fiserv in a research report issued on Tuesday, October 22nd. B. Riley analyst H. Goetsch now expects 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 objective 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 earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, topping the consensus estimate of $2.26 by $0.04. The firm had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.96 earnings per share.

FI has been the subject of several other research reports. Keefe, Bruyette & Woods upped their price objective on Fiserv from $178.00 to $184.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Stephens upped their price objective on Fiserv from $170.00 to $200.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Mizuho upped their price objective on Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a research note on Thursday. Barclays upped their price objective on Fiserv from $185.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Finally, BTIG Research started coverage on Fiserv in a research note on Wednesday, August 28th. They issued a “buy” rating and a $200.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $204.38.

Fiserv Stock Down 1.9 %

Shares of NYSE FI opened at $199.52 on Thursday. The stock has a 50-day moving average price of $180.04 and a two-hundred day moving average price of $162.37. Fiserv has a 12 month low of $111.53 and a 12 month high of $204.50. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85. The company 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.

Insiders Place Their Bets

In related news, Director Doyle Simons sold 40,000 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total value of $8,078,800.00. Following the transaction, the director now directly owns 76,180 shares in the company, valued at $15,386,074.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Doyle Simons sold 40,000 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total value of $8,078,800.00. Following the transaction, the director now directly owns 76,180 shares in the company, valued at $15,386,074.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John Gibbons sold 18,890 shares of the stock in a transaction on Wednesday, August 21st. The stock was 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 in the company, valued at approximately $4,764,211.83. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 227,890 shares of company stock worth $40,934,217. Corporate insiders own 0.75% of the company’s stock.

Hedge Funds Weigh In On Fiserv

Several large investors have recently bought and sold shares of FI. Wellington Shields & Co. LLC bought a new position in Fiserv during the 1st quarter valued at $25,000. Family Firm Inc. bought a new position in Fiserv during the 2nd quarter valued at $31,000. Clean Yield Group lifted 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 acquiring an additional 138 shares in the last quarter. ZRC Wealth Management LLC bought a new position in Fiserv during the 1st quarter valued at $32,000. Finally, Cedar Mountain Advisors LLC lifted 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 acquiring an additional 57 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors.

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.