Fiserv (NYSE:FI – Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 10.100-10.300 for the period, compared to the consensus earnings per share estimate of 10.220. The company issued revenue guidance of -.
Wall Street Analyst Weigh In
Several equities analysts have commented on FI shares. Stephens increased their price target on shares of Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Barclays lifted their price target on shares of Fiserv from $235.00 to $265.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Seaport Res Ptn upgraded shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods cut their target price on Fiserv from $260.00 to $240.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, BMO Capital Markets decreased their target price on Fiserv from $254.00 to $232.00 and set an “outperform” rating for the company in a research report on Friday. Two analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Fiserv currently has a consensus rating of “Moderate Buy” and a consensus target price of $233.33.
View Our Latest Stock Report on Fiserv
Fiserv Price Performance
Fiserv (NYSE:FI – Get Free Report) last issued its earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.06. The company had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $4.86 billion. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. Research analysts anticipate that Fiserv will post 10.23 earnings per share for the current year.
Fiserv declared that its Board of Directors has authorized a share buyback program on Thursday, February 20th that allows the company to buyback 60,000,000 shares. This buyback authorization allows the business services provider to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.
Insider Buying and Selling
In related news, COO Guy Chiarello sold 45,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $235.55, for a total value of $10,599,750.00. Following the completion of the transaction, the chief operating officer now owns 227,711 shares of the company’s stock, valued at approximately $53,637,326.05. The trade was a 16.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.75% of the company’s stock.
Hedge Funds Weigh In On Fiserv
An institutional investor recently raised its position in Fiserv stock. Brighton Jones LLC grew its holdings in shares of Fiserv, Inc. (NYSE:FI – Free Report) by 91.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,245 shares of the business services provider’s stock after purchasing an additional 2,033 shares during the quarter. Brighton Jones LLC’s holdings in Fiserv were worth $872,000 at the end of the most recent quarter. 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.
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