Running Oak Capital LLC Invests $9.86 Million in Fiserv, Inc. (NYSE:FI)

Running Oak Capital LLC purchased a new stake in shares of Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 74,201 shares of the business services provider’s stock, valued at approximately $9,857,000. Fiserv comprises about 1.9% of Running Oak Capital LLC’s holdings, making the stock its 9th largest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in FI. Brighton Jones LLC lifted its position in shares of Fiserv by 4.0% in the 3rd quarter. Brighton Jones LLC now owns 2,385 shares of the business services provider’s stock worth $269,000 after purchasing an additional 92 shares during the period. Jacobi Capital Management LLC increased its holdings in shares of Fiserv by 0.9% during the third quarter. Jacobi Capital Management LLC now owns 10,099 shares of the business services provider’s stock valued at $1,141,000 after acquiring an additional 94 shares in the last quarter. UniSuper Management Pty Ltd raised its position in shares of Fiserv by 2.3% in the 3rd quarter. UniSuper Management Pty Ltd now owns 4,500 shares of the business services provider’s stock worth $508,000 after purchasing an additional 100 shares during the last quarter. Hollencrest Capital Management boosted its stake in Fiserv by 75.8% in the 3rd quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock worth $26,000 after purchasing an additional 100 shares in the last quarter. Finally, Argonautica Private Wealth Management Inc. grew its position in Fiserv by 2.5% during the 3rd quarter. Argonautica Private Wealth Management Inc. now owns 4,128 shares of the business services provider’s stock valued at $466,000 after purchasing an additional 101 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on FI shares. Morgan Stanley raised their price target on shares of Fiserv from $133.00 to $142.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Barclays boosted their price objective on Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. StockNews.com started coverage on Fiserv in a report on Saturday, February 3rd. They set a “buy” rating on the stock. BMO Capital Markets boosted their price target on shares of Fiserv from $163.00 to $168.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $165.00 price target on shares of Fiserv in a report on Wednesday, April 24th. Six investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $164.33.

Fiserv Stock Performance

NYSE:FI traded up $0.31 during trading hours on Thursday, reaching $149.17. The company had a trading volume of 2,571,894 shares, compared to its average volume of 2,568,418. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.06. Fiserv, Inc. has a 1-year low of $109.11 and a 1-year high of $159.99. The business’s 50 day moving average price is $152.79 and its 200-day moving average price is $138.72. The firm has a market cap of $87.28 billion, a PE ratio of 27.82, a price-to-earnings-growth ratio of 1.23 and a beta of 0.92.

Fiserv (NYSE:FI) last announced its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. The firm had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The business’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.58 EPS. Research analysts forecast that Fiserv, Inc. will post 8.69 EPS for the current year.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 23,929 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $151.79, for a total transaction of $3,632,182.91. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $24,847,871.21. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold 111,575 shares of company stock valued at $17,022,387 over the last 90 days. 0.75% of the stock is currently owned by corporate insiders.

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.