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

Running Oak Capital LLC trimmed its position in Fiserv, Inc. (NYSE:FI - Free Report) by 6.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 73,501 shares of the business services provider's stock after selling 4,897 shares during the quarter. Fiserv comprises about 2.0% of Running Oak Capital LLC's investment portfolio, making the stock its 10th biggest position. Running Oak Capital LLC's holdings in Fiserv were worth $16,231,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in FI. Norges Bank bought a new stake in shares of Fiserv in the fourth quarter worth about $1,406,452,000. GAMMA Investing LLC boosted its holdings in Fiserv by 21,681.0% during the 1st quarter. GAMMA Investing LLC now owns 3,821,905 shares of the business services provider's stock valued at $843,991,000 after acquiring an additional 3,804,358 shares during the period. Raymond James Financial Inc. purchased a new position in Fiserv during the 4th quarter valued at $614,982,000. Kovitz Investment Group Partners LLC grew its stake in Fiserv by 343.7% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,806,579 shares of the business services provider's stock worth $576,527,000 after purchasing an additional 2,174,025 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in Fiserv by 65.6% in the fourth quarter. Alliancebernstein L.P. now owns 5,437,246 shares of the business services provider's stock worth $1,116,919,000 after purchasing an additional 2,153,554 shares in the last quarter. 90.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FI. Morgan Stanley reaffirmed an "overweight" rating and set a $268.00 target price (up previously from $267.00) on shares of Fiserv in a research report on Friday, April 25th. Jefferies Financial Group reduced their price objective on Fiserv from $180.00 to $165.00 and set a "hold" rating for the company in a research note on Tuesday, May 27th. The Goldman Sachs Group reduced their price objective on Fiserv from $223.00 to $194.00 and set a "buy" rating for the company in a research note on Monday, May 19th. Wall Street Zen started coverage on Fiserv in a research report on Sunday, March 23rd. They set a "buy" rating on the stock. Finally, Piper Sandler set a $218.00 target price on Fiserv in a report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $221.23.

Fiserv Stock Up 4.4%

FI traded up $7.24 on Monday, hitting $170.62. 7,137,073 shares of the company were exchanged, compared to its average volume of 3,305,232. Fiserv, Inc. has a twelve month low of $146.46 and a twelve month high of $238.59. The company has a market cap of $94.60 billion, a price-to-earnings ratio of 30.14, a price-to-earnings-growth ratio of 1.01 and a beta of 0.91. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.02. The firm has a 50-day moving average price of $177.23 and a two-hundred day moving average price of $201.62.

Fiserv (NYSE:FI - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.08 by $0.06. The company had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.86 billion. Fiserv had a return on equity of 18.74% and a net margin of 15.68%. Fiserv's revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.88 EPS. On average, equities analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Insider Activity at Fiserv

In other Fiserv news, insider Adam L. Rosman sold 2,512 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total transaction of $403,628.16. Following the transaction, the insider now owns 53,385 shares in the company, valued at approximately $8,577,901.80. The trade was a 4.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Andrew Gelb sold 5,652 shares of the business's stock in a transaction that occurred on 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 owns 25,385 shares in the company, valued at $4,061,600. The trade was a 18.21% decrease in their position. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by insiders.

About Fiserv

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.