Running Oak Capital LLC Acquires 14,317 Shares of Fiserv, Inc. $FISV

Running Oak Capital LLC raised its holdings in Fiserv, Inc. (NASDAQ:FISV) by 15.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 107,862 shares of the business services provider’s stock after buying an additional 14,317 shares during the quarter. Running Oak Capital LLC’s holdings in Fiserv were worth $13,907,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of FISV. Norges Bank bought a new stake in Fiserv in the 2nd quarter valued at $1,252,260,000. Marshall Wace LLP bought a new position in Fiserv in the second quarter worth $356,643,000. Worldquant Millennium Advisors LLC boosted its stake in Fiserv by 2,134.9% during the second quarter. Worldquant Millennium Advisors LLC now owns 993,068 shares of the business services provider’s stock worth $171,215,000 after buying an additional 948,634 shares in the last quarter. Baupost Group LLC MA bought a new stake in Fiserv in the 2nd quarter valued at $154,307,000. Finally, Amundi raised its stake in shares of Fiserv by 27.2% in the 2nd quarter. Amundi now owns 3,781,665 shares of the business services provider’s stock valued at $652,148,000 after buying an additional 807,916 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Fiserv

In related news, insider Adam L. Rosman acquired 7,900 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The shares were purchased at an average price of $63.19 per share, with a total value of $499,201.00. Following the acquisition, the insider directly owned 61,285 shares in the company, valued at $3,872,599.15. The trade was a 14.80% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CFO Paul M. Todd bought 17,000 shares of the company’s stock in a transaction on Monday, December 1st. The stock was bought at an average cost of $62.41 per share, with a total value of $1,060,970.00. Following the completion of the purchase, the chief financial officer owned 24,453 shares of the company’s stock, valued at approximately $1,526,111.73. The trade was a 228.10% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.00% of the stock is currently owned by corporate insiders.

Fiserv Stock Down 1.2%

Shares of FISV opened at $62.94 on Tuesday. The company has a market capitalization of $34.21 billion, a P/E ratio of 9.73, a PEG ratio of 3.65 and a beta of 0.80. Fiserv, Inc. has a one year low of $59.56 and a one year high of $238.59. The business’s 50 day simple moving average is $66.38 and its 200-day simple moving average is $100.63. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.08.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Keefe, Bruyette & Woods decreased their target price on shares of Fiserv from $170.00 to $92.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. JPMorgan Chase & Co. restated a “neutral” rating and set a $85.00 price target on shares of Fiserv in a research note on Thursday, December 4th. William Blair downgraded Fiserv from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 29th. Oppenheimer reissued an “outperform” rating and issued a $91.00 target price on shares of Fiserv in a report on Thursday, October 30th. Finally, Seaport Research Partners downgraded Fiserv from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Ten equities research analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Fiserv presently has an average rating of “Hold” and a consensus price target of $113.34.

Fiserv Profile

Fiserv, Inc, founded in 1984 and headquartered in Brookfield, Wisconsin, is a global provider of financial services technology. The company develops and delivers integrated solutions for payments, processing, risk and compliance, customer and channel management, and business insights and optimization. Serving thousands of clients, Fiserv supports banks, credit unions, securities broker-dealers, leasing and finance companies, and retailers.

Fiserv’s core offerings include account processing systems that automate deposit, lending and transaction processing for financial institutions, as well as digital banking platforms that enable mobile and online banking services.