Atlantic Union Bankshares Corp Increases Position in Fiserv, Inc. $FI

Atlantic Union Bankshares Corp lifted its holdings in Fiserv, Inc. (NYSE:FI) by 80.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,438 shares of the business services provider’s stock after acquiring an additional 1,088 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Fiserv were worth $420,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Activest Wealth Management boosted its stake in shares of Fiserv by 3,150.0% in the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock worth $29,000 after acquiring an additional 126 shares during the last quarter. Hager Investment Management Services LLC acquired a new position in Fiserv during the 2nd quarter worth approximately $34,000. Christopher J. Hasenberg Inc grew its position in shares of Fiserv by 218.5% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock valued at $36,000 after buying an additional 142 shares during the last quarter. Armstrong Advisory Group Inc. raised its position in Fiserv by 178.9% in the 2nd 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 during the last quarter. Finally, Solstein Capital LLC purchased a new position in Fiserv in the 2nd quarter valued at $43,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on FI. Mizuho set a $145.00 target price on Fiserv and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. BNP Paribas lowered shares of Fiserv from an “outperform” rating to a “neutral” rating and set a $62.00 price target for the company. in a research note on Wednesday. Deutsche Bank Aktiengesellschaft set a $122.00 price objective on Fiserv in a research report on Thursday, October 16th. Seaport Res Ptn cut Fiserv from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 29th. Finally, UBS Group set a $75.00 price objective on shares of Fiserv and gave the company a “neutral” rating in a research note on Thursday, October 30th. Eleven equities research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Fiserv presently has a consensus rating of “Hold” and an average price target of $127.28.

Insiders Place Their Bets

In other Fiserv news, Director Lance M. Fritz bought 10,000 shares of the business’s stock in a transaction on Thursday, October 30th. The shares were bought at an average cost of $65.18 per share, for a total transaction of $651,800.00. Following the transaction, the director owned 13,086 shares in the company, valued at approximately $852,945.48. This trade represents a 324.04% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.74% of the company’s stock.

Fiserv Stock Up 3.2%

Shares of FI opened at $63.60 on Friday. The firm has a market capitalization of $34.21 billion, a P/E ratio of 9.83, a P/E/G ratio of 0.56 and a beta of 0.90. The company has a 50-day simple moving average of $118.79 and a 200-day simple moving average of $146.23. 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.

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

Fiserv Company Profile

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.