Running Oak Capital LLC Has $13.91 Million Stake in Fiserv, Inc. $FISV

Running Oak Capital LLC lifted its holdings in Fiserv, Inc. (NASDAQ:FISV) by 15.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 107,862 shares of the business services provider’s stock after buying an additional 14,317 shares during the period. Running Oak Capital LLC’s holdings in Fiserv were worth $13,907,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Brighton Jones LLC grew its stake in Fiserv by 91.9% during the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock valued at $872,000 after acquiring an additional 2,033 shares in the last quarter. Bison Wealth LLC grew its position in Fiserv by 5.3% during the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock valued at $472,000 after purchasing an additional 116 shares in the last quarter. Wealthcare Advisory Partners LLC increased its stake in Fiserv by 13.9% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 1,972 shares of the business services provider’s stock valued at $340,000 after buying an additional 241 shares during the period. OLD National Bancorp IN lifted its position in Fiserv by 20.5% in the 2nd quarter. OLD National Bancorp IN now owns 2,607 shares of the business services provider’s stock worth $449,000 after buying an additional 444 shares in the last quarter. Finally, Grimes & Company Inc. boosted its stake in shares of Fiserv by 4.3% during the 2nd quarter. Grimes & Company Inc. now owns 8,108 shares of the business services provider’s stock valued at $1,398,000 after buying an additional 334 shares during the period. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Stock Down 1.2%

Shares of FISV stock opened at $62.94 on Tuesday. The stock’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 quick ratio of 1.08 and a current ratio of 1.08. Fiserv, Inc. has a twelve month low of $59.56 and a twelve month high of $238.59. The company has a market capitalization of $34.21 billion, a price-to-earnings ratio of 9.73, a PEG ratio of 3.65 and a beta of 0.80.

Analyst Ratings Changes

FISV has been the topic of a number of research reports. Susquehanna reaffirmed a “positive” rating and issued a $99.00 price target (down from $220.00) on shares of Fiserv in a research note on Wednesday, November 12th. Deutsche Bank Aktiengesellschaft set a $122.00 target price on Fiserv in a research report on Thursday, October 16th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $85.00 price target on shares of Fiserv in a research note on Thursday, December 4th. Sanford C. Bernstein cut Fiserv from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $205.00 to $80.00 in a research note on Thursday, October 30th. Finally, BTIG Research downgraded Fiserv from a “buy” rating to a “neutral” rating in a report on Wednesday, October 29th. Ten investment analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $113.34.

Insider Activity at Fiserv

In other news, CFO Paul M. Todd purchased 17,000 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were bought at an average price of $62.41 per share, with a total value of $1,060,970.00. Following the completion of the transaction, the chief financial officer directly owned 24,453 shares in the company, valued at $1,526,111.73. This trade represents a 228.10% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Adam L. Rosman acquired 7,900 shares of Fiserv stock in a transaction dated Tuesday, December 2nd. The stock was purchased at an average price of $63.19 per share, with a total value of $499,201.00. Following the completion of the purchase, the insider directly owned 61,285 shares of the company’s stock, valued at $3,872,599.15. The trade was a 14.80% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 1.00% of the company’s stock.

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.