Fiserv, Inc. (NYSE:FI) Holdings Cut by Running Oak Capital LLC

Running Oak Capital LLC reduced its holdings in Fiserv, Inc. (NYSE:FI) by 6.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,501 shares of the business services provider’s stock after selling 4,897 shares during the period. Fiserv makes up 2.0% of Running Oak Capital LLC’s holdings, making the stock its 10th biggest position. Running Oak Capital LLC’s holdings in Fiserv were worth $16,231,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Geode Capital Management LLC lifted its stake in shares of Fiserv by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 11,891,207 shares of the business services provider’s stock worth $2,435,280,000 after buying an additional 218,833 shares in the last quarter. FMR LLC lifted its stake in shares of Fiserv by 22.5% in the fourth quarter. FMR LLC now owns 11,568,895 shares of the business services provider’s stock worth $2,376,482,000 after buying an additional 2,126,419 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Fiserv by 16.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 8,030,889 shares of the business services provider’s stock worth $1,649,705,000 after buying an additional 1,121,597 shares in the last quarter. Nuveen Asset Management LLC lifted its stake in shares of Fiserv by 5.2% in the fourth quarter. Nuveen Asset Management LLC now owns 6,936,554 shares of the business services provider’s stock worth $1,424,907,000 after buying an additional 340,938 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Fiserv in the fourth quarter worth about $1,406,452,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FI has been the topic of a number of analyst reports. Truist Financial initiated coverage on shares of Fiserv in a research note on Monday, June 2nd. They set a “buy” rating and a $181.00 target price on the stock. Barclays reduced their target price on shares of Fiserv from $265.00 to $230.00 and set an “overweight” rating on the stock in a research note on Monday, April 28th. Tigress Financial lifted their target price on shares of Fiserv from $244.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, May 29th. JPMorgan Chase & Co. reduced their target price on shares of Fiserv from $211.00 to $210.00 and set an “overweight” rating on the stock in a research note on Monday, May 19th. Finally, Monness Crespi & Hardt downgraded shares of Fiserv from a “neutral” rating to a “sell” rating and set a $145.00 target price on the stock. in a research note on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $221.23.

Insider Buying and Selling

In other news, insider Adam L. Rosman sold 2,512 shares of the company’s stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total transaction of $403,628.16. Following the completion of the transaction, the insider now directly owns 53,385 shares of the company’s stock, valued at approximately $8,577,901.80. This represents a 4.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Andrew Gelb sold 5,652 shares of the company’s stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total value of $904,320.00. Following the transaction, the executive vice president now directly owns 25,385 shares of the company’s stock, valued at approximately $4,061,600. This represents a 18.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.74% of the stock is currently owned by insiders.

Fiserv Trading Up 1.0%

FI opened at $162.97 on Friday. Fiserv, Inc. has a 12 month low of $146.46 and a 12 month high of $238.59. The stock has a market capitalization of $90.36 billion, a price-to-earnings ratio of 28.79, a PEG ratio of 1.01 and a beta of 0.90. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.10 and a quick ratio of 1.10. The business has a fifty day moving average price of $177.23 and a 200 day moving average price of $201.64.

Fiserv (NYSE:FI) last released its earnings results on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, topping the consensus estimate of $2.08 by $0.06. Fiserv had a return on equity of 18.74% and a net margin of 15.68%. The firm had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $4.86 billion. During the same period in the previous year, the firm posted $1.88 EPS. Fiserv’s revenue for the quarter was up 5.1% on a year-over-year basis. Sell-side analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv 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.