Fiserv, Inc. $FISV Position Reduced by Running Oak Capital LLC

Running Oak Capital LLC lessened its position in Fiserv, Inc. (NASDAQ:FISV) by 6.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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.

Several other hedge funds have also bought and sold shares of the company. William Mack & Associates Inc. bought a new position in Fiserv during the third quarter worth about $26,000. Keating Financial Advisory Services Inc. bought a new stake in Fiserv in the second quarter valued at approximately $30,000. Next Level Wealth Planning LLC bought a new stake in Fiserv in the third quarter valued at approximately $29,000. Osterweis Capital Management Inc. bought a new stake in Fiserv in the second quarter valued at approximately $32,000. Finally, Pinnacle Wealth Planning Services Inc. lifted its position in shares of Fiserv by 49.3% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 854 shares of the business services provider’s stock valued at $39,000 after buying an additional 282 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Price Performance

Fiserv stock opened at $63.52 on Tuesday. The company has a market capitalization of $33.78 billion, a price-to-earnings ratio of -8.56, a PEG ratio of 5.53 and a beta of 0.85. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.22. Fiserv, Inc. has a 12 month low of $43.87 and a 12 month high of $70.41. The stock’s 50 day moving average is $49.55 and its 200-day moving average is $54.58.

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Susquehanna decreased their target price on Fiserv from $91.00 to $85.00 and set a “positive” rating on the stock in a report on Friday, August 7th. Oppenheimer cut Fiserv from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 8th. UBS Group raised their price target on Fiserv from $60.00 to $68.00 and gave the company a “neutral” rating in a report on Wednesday, November 4th. JPMorgan Chase & Co. lifted their price objective on shares of Fiserv from $60.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 4th. Finally, Barclays upped their price objective on shares of Fiserv from $50.00 to $59.00 and gave the company an “equal weight” rating in a report on Wednesday, November 4th. Six analysts have rated the stock with a Buy rating, twenty have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $63.74.

Fiserv Company 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.