Fiserv

FISERV Posts Q4 Revenue $4.92B, vs. Street Est of $4.68B.

Fiserv (NYSE:FI) reported quarterly Adj earnings of $2.19 per share which beat the analyst consensus estimate of $2.15 by 1.86 percent. This is a 14.66 percent increase over earnings of $1.91 per share from the same period last year.

Fiserv (FI) reported Q4 adjusted earnings Tuesday of $2.19 per diluted share, up from $1.91 a year earlier. Analysts polled by Capital IQ expected $2.15. Revenue for the quarter ended Dec. 31 was $4.92 billion, up from $4.63 billion a year earlier. Analysts surveyed by Capital IQ expected $4.68 billion. For 2024, the payments company said it expects full-year adjusted earnings of $8.55 to $8.70 per share. Analysts surveyed by Capital IQ expect $8.60. Fiserv shares were up more than 3% in Tuesday’s pre-market trading.

By Rob Curran Fiserv Inc. said fourth-quarter net income rose 11% and the provider of services to banks and financial companies projected an acceleration in 2024 organic revenue growth. The Brookfield, Wisc., financial-technology concern logged fourth-quarter earnings of $870 million, or $1.45 a share, up from $782 million, or $1.23 a share, a year earlier. On an adjusted basis, Fiserv posted fourth-quarter earnings of $2.19 a share, topping the average analyst estimate of $2.15 a share, as tallied by FactSet. Fourth-quarter revenue rose 6.2% to $4.92 billion, topping the average Wall Street target of $4.68 billion, as per FactSet. The company forecast 2024 adjusted earnings in a range between $8.55 and $8.70 a share. For 2023, the company posted earnings of $4.98 a share. Fiserv projected organic revenue growth, which excludes the impact of foreign exchange, in a range between 15% and 17% from 2023 levels. For 2023, the fintech

Fiserv, Inc. (NYSE: FI) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/18/2024 13.48% Mizuho $150 → $156 Maintains Buy 01/08/2024 16.39% Keybanc → $160 Upgrades Sector Weight → Overweight 12/22/2023 27.3% Tigress Financial $160 → $175 Maintains Buy 12/05/2023 10.57% BMO Capital → $152 Initiates Coverage On → Outperform 11/16/2023 9.11% UBS $140 → $150 Maintains Buy 11/16/2023 9.11% Mizuho $140 → $150 Maintains Buy 11/16/2023 4.75% RBC Capital → $144 Reiterates Outperform → Outperform 11/16/2023 9.11% Wedbush → $150 Reiterates Outperform → Outperform 11/16/2023 -3.25% Morgan Stanley $129 → $133 Maintains Equal-Weight 10/25/2023 27.3% Susquehanna $170 → $175 Maintains Positive 10/25/2023 6.93% Raymond James $145 → $147 Maintains Outperform 10/20/2023 1.84% UBS → $140 Assumes Buy → Buy 10/17/2023 -12.71% Truist Securities $130 → $120 Maintains Hold 08/22/2023 6.2% JP Morgan $136 → $146 Maintains Overweight 08/01/2023 4.75% RBC Capital

Keybanc analyst Alex Markgraff upgrades Fiserv (NYSE:FI) from Sector Weight to Overweight and announces $160 price target.

Fiserv, Inc. (NYSE: FI) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/08/2024 20.3% Keybanc → $160 Upgrades Sector Weight → Overweight 12/22/2023 31.58% Tigress Financial $160 → $175 Maintains Buy 12/05/2023 14.29% BMO Capital → $152 Initiates Coverage On → Outperform 11/16/2023 12.78% UBS $140 → $150 Maintains Buy 11/16/2023 12.78% Mizuho $140 → $150 Maintains Buy 11/16/2023 8.27% RBC Capital → $144 Reiterates Outperform → Outperform 11/16/2023 12.78% Wedbush → $150 Reiterates Outperform → Outperform 11/16/2023 0% Morgan Stanley $129 → $133 Maintains Equal-Weight 10/25/2023 31.58% Susquehanna $170 → $175 Maintains Positive 10/25/2023 10.53% Raymond James $145 → $147 Maintains Outperform 10/20/2023 5.26% UBS → $140 Assumes Buy → Buy 10/17/2023 -9.77% Truist Securities $130 → $120 Maintains Hold 08/22/2023 9.77% JP Morgan $136 → $146 Maintains Overweight 08/01/2023 8.27% RBC Capital → $144 Reiterates Outperform → Outperform 07/27/2023 -3.01%

Fiserv, Inc. (NYSE: FI) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/22/2023 31.37% Tigress Financial $160 → $175 Maintains Buy 12/05/2023 14.11% BMO Capital → $152 Initiates Coverage On → Outperform 11/16/2023 12.6% UBS $140 → $150 Maintains Buy 11/16/2023 12.6% Mizuho $140 → $150 Maintains Buy 11/16/2023 8.1% RBC Capital → $144 Reiterates Outperform → Outperform 11/16/2023 12.6% Wedbush → $150 Reiterates Outperform → Outperform 11/16/2023 -0.16% Morgan Stanley $129 → $133 Maintains Equal-Weight 10/25/2023 31.37% Susquehanna $170 → $175 Maintains Positive 10/25/2023 10.35% Raymond James $145 → $147 Maintains Outperform 10/20/2023 5.1% UBS → $140 Assumes Buy → Buy 10/17/2023 -9.92% Truist Securities $130 → $120 Maintains Hold 08/22/2023 9.6% JP Morgan $136 → $146 Maintains Overweight 08/01/2023 8.1% RBC Capital → $144 Reiterates Outperform → Outperform 07/27/2023 -3.16% Morgan Stanley $126 → $129 Maintains Equal-Weight 07/27/2023 1.34% Stephens

Morgan Stanley analyst Ole Slorer maintains Fiserv (NYSE:FI) with a Equal-Weight and raises the price target from $129 to $133.

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: Our 12-month target of $140 (down $7), 16.6x our 2024 EPS estimate, is a slight discount to FI’s three-year forward average of 18.1x. We raise our 2023 EPS view by $0.04 to $7.49 and leave 2024’s unchanged at $8.45. FI posted Q3 adjusted revenues of $4.62B (+12% organically), edging consensus by $200M, driven by strong organic growth in Merchant Acceptance (+20%), specifically through Clover. Clover recorded 26% revenue growth and $272B annualized gross payment volume, which is up 15%. Payments and Networks and Financial Technology both saw 6% organic revenue growth. All three segments contributed to higher operating margin (+290 bps to 38.1%) delivering a Q3 adjusted EPS of $1.96 (+20% Y/Y), beating consensus by $0.03. Despite high macroeconomic uncertainty, we remain confident in FI’s ability to

Fiserv Raises 2023 Organic Rev Growth Outlook to 11%.

Fiserv Raises 2023 View To Adj EPS $7.47-Adj EPS $7.52.