Oarsman Capital Inc. Has $7.89 Million Stake in Fiserv, Inc. $FI

Oarsman Capital Inc. decreased its stake in Fiserv, Inc. (NYSE:FI) by 2.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,744 shares of the business services provider’s stock after selling 1,276 shares during the quarter. Fiserv makes up about 1.2% of Oarsman Capital Inc.’s investment portfolio, making the stock its 18th largest position. Oarsman Capital Inc.’s holdings in Fiserv were worth $7,887,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. Activest Wealth Management boosted its stake in Fiserv by 3,150.0% in the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock worth $29,000 after purchasing an additional 126 shares in the last quarter. Hager Investment Management Services LLC acquired a new position in Fiserv in the second quarter worth $34,000. Christopher J. Hasenberg Inc boosted its stake in Fiserv by 218.5% in the second quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock worth $36,000 after purchasing an additional 142 shares in the last quarter. Armstrong Advisory Group Inc. boosted its stake in Fiserv by 178.9% in the second quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock worth $37,000 after purchasing an additional 136 shares in the last quarter. Finally, Abound Financial LLC acquired a new position in Fiserv in the first quarter worth $38,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Wells Fargo & Company raised Fiserv to a “hold” rating in a research note on Wednesday, October 22nd. TD Cowen reduced their price objective on Fiserv from $188.00 to $177.00 and set a “buy” rating on the stock in a research note on Friday, October 17th. Robert W. Baird reduced their price objective on Fiserv from $225.00 to $185.00 and set an “outperform” rating on the stock in a research note on Thursday, July 24th. UBS Group dropped their target price on Fiserv from $225.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, July 25th. Finally, The Goldman Sachs Group dropped their target price on Fiserv from $192.00 to $149.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Fiserv has an average rating of “Moderate Buy” and a consensus target price of $181.15.

Fiserv Trading Down 0.1%

FI stock opened at $126.46 on Wednesday. The company has a market cap of $68.74 billion, a P/E ratio of 21.11, a PEG ratio of 0.84 and a beta of 0.95. Fiserv, Inc. has a twelve month low of $117.84 and a twelve month high of $238.59. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. The business has a fifty day moving average of $130.55 and a 200-day moving average of $154.36.

Fiserv (NYSE:FI) last released its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. The business had revenue of $4.32 billion during the quarter. Fiserv had a return on equity of 19.69% and a net margin of 16.00%. As a group, equities research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current year.

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.