Fiserv, Inc. $FISV Stake Trimmed by Running Oak Capital LLC

Running Oak Capital LLC lowered its holdings in Fiserv, Inc. (NASDAQ:FISV) by 6.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 166,400 shares of the business services provider’s stock after selling 12,397 shares during the period. Running Oak Capital LLC’s holdings in Fiserv were worth $7,518,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in FISV. Handelsbanken Fonder AB increased its stake in Fiserv by 16.9% during the 2nd quarter. Handelsbanken Fonder AB now owns 176,106 shares of the business services provider’s stock worth $8,638,000 after acquiring an additional 25,477 shares during the period. Stanley Capital Management LLC acquired a new position in Fiserv in the 2nd quarter valued at $6,159,000. Renaissance Technologies LLC lifted its position in shares of Fiserv by 437.5% during the 1st quarter. Renaissance Technologies LLC now owns 668,227 shares of the business services provider’s stock valued at $37,287,000 after acquiring an additional 543,900 shares during the period. Woodstock Corp lifted its position in shares of Fiserv by 20.3% during the 3rd quarter. Woodstock Corp now owns 131,739 shares of the business services provider’s stock valued at $5,952,000 after acquiring an additional 22,256 shares during the period. Finally, Paralel Advisors LLC acquired a new stake in shares of Fiserv during the 2nd quarter worth $2,031,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analyst Ratings Changes

FISV has been the topic of a number of recent analyst reports. Zacks Research upgraded Fiserv from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 5th. UBS Group upped their price objective on shares of Fiserv from $60.00 to $68.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 4th. Bank of America assumed coverage on shares of Fiserv in a research note on Thursday, October 15th. They set an “underperform” rating and a $48.00 price objective on the stock. Royal Bank Of Canada raised their target price on shares of Fiserv from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, November 4th. Finally, JPMorgan Chase & Co. raised their target price on shares of Fiserv from $60.00 to $65.00 and gave the company a “neutral” rating in a report on Wednesday, November 4th. Six investment analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $63.74.

Fiserv Price Performance

Shares of FISV stock opened at $63.52 on Tuesday. The business has a fifty day simple moving average of $49.55 and a 200 day simple moving average of $54.58. The company has a market cap of $33.78 billion, a P/E ratio of -8.56, a P/E/G ratio of 5.53 and a beta of 0.85. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.22. Fiserv, Inc. has a twelve month low of $43.87 and a twelve month high of $70.41.

Fiserv (NASDAQ:FISV) last issued its earnings results on Tuesday, November 3rd. The business services provider reported $1.75 EPS for the quarter, topping the consensus estimate of $1.72 by $0.03. The firm had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.85 billion. Fiserv had a positive return on equity of 15.76% and a negative net margin of 18.91%. The business’s revenue was down 1.3% on a year-over-year basis. On average, sell-side analysts forecast that Fiserv, Inc. will post 7.27 EPS for the current fiscal year.

Fiserv Profile

Fiserv is a financial technology company that provides payment and financial services technology to banks, credit unions, businesses and merchants. Its offerings include payment processing, digital banking, account processing, debit and credit card services, and tools that help financial institutions manage customer accounts and transactions.

For merchants, Fiserv offers Clover, a platform that combines point-of-sale hardware and software with payment acceptance and business management tools.