Fiserv, Inc. $FI Stake Raised by Renasant Bank

Renasant Bank boosted its holdings in shares of Fiserv, Inc. (NYSE:FI) by 64.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,069 shares of the business services provider’s stock after acquiring an additional 2,764 shares during the quarter. Renasant Bank’s holdings in Fiserv were worth $1,219,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in FI. Activest Wealth Management grew its position in Fiserv by 3,150.0% during the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 126 shares in the last quarter. Hager Investment Management Services LLC purchased a new stake in shares of Fiserv during the second quarter worth $34,000. Christopher J. Hasenberg Inc boosted its position in Fiserv by 218.5% during the second quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 142 shares during the last quarter. Armstrong Advisory Group Inc. grew its stake in Fiserv by 178.9% in the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 136 shares in the last quarter. Finally, Golden State Wealth Management LLC increased its position in Fiserv by 960.9% in the 2nd quarter. Golden State Wealth Management LLC now owns 244 shares of the business services provider’s stock worth $42,000 after purchasing an additional 221 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Trading Down 0.1%

Fiserv stock opened at $63.66 on Wednesday. Fiserv, Inc. has a 52 week low of $60.95 and a 52 week high of $238.59. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.09 and a current ratio of 1.08. The firm has a market capitalization of $34.24 billion, a PE ratio of 9.84, a PEG ratio of 0.56 and a beta of 0.90. The business’s 50-day simple moving average is $115.84 and its 200-day simple moving average is $144.14.

Fiserv (NYSE:FI) last announced its earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share for the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The firm had revenue of $4.32 billion during the quarter. Equities research analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on FI shares. Royal Bank Of Canada set a $85.00 price target on Fiserv and gave the company an “outperform” rating in a report on Thursday, October 30th. JPMorgan Chase & Co. decreased their target price on shares of Fiserv from $155.00 to $85.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. TD Cowen downgraded shares of Fiserv from a “buy” rating to a “hold” rating and set a $80.00 price target on the stock. in a report on Thursday, October 30th. Susquehanna reiterated a “positive” rating on shares of Fiserv in a report on Wednesday. Finally, Barclays set a $175.00 target price on shares of Fiserv and gave the stock an “overweight” rating in a research report on Monday, July 28th. Eleven equities research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $127.28.

Insider Activity at Fiserv

In related news, Director Lance M. Fritz bought 10,000 shares of Fiserv stock in a transaction that occurred on Thursday, October 30th. The stock was acquired at an average price of $65.18 per share, for a total transaction of $651,800.00. Following the completion of the purchase, the director owned 13,086 shares in the company, valued at approximately $852,945.48. This represents a 324.04% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.74% 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.