Fiserv (NYSE:FI), a multinational provider of financial services technology is displaying impressive progress with its strong Q1 2024 results surpassing consensus, leading to a raised earnings guide. Its favorable long-term track record and successful business model are being recognized by analysts who confer a 'Moderate Buy' rating and set a $164.33 consensus target price. Notably, Fiserv's net profits increased by over 30% in early 2024. High demand for Clover's Point-of-Sale solutions, financial acquisitions like M&G Investment Management Ltd. and Principal Financial Group Inc. marking new positions, furnish Fiserv with favorable prospects for further growth. The firm's consensus rating was lifted by Zacks Research following strong FY2024 Earnings estimates of $8.61 per share, drawing significant investor attention. Additionally, Fiserv's association with Melio is set to streamline accounts payable and receivable for small businesses. Simultaneously, Fiserv's significant commitment towards providing role-specific learning through Fiserv University, alongside technology optimization training, is fostering a better ecosystem for financial institutions. Meanwhile, potential downside is indicated with insider selling and lower returns predicted ahead.
Fiserv FI News Analytics from Mon, 07 Aug 2023 07:00:00 GMT to Thu, 16 May 2024 18:00:42 GMT -
Rating 8
- Innovation 4
- Information 7
- Rumor 3
