Here’s Why Fiserv Inc. (FISV) was Purchased by Oakmark Equity and Income Fund
Oakmark Funds, an investment management firm, published its “Oakmark Equity and Income Fund” first quarter 2021 investor letter – a copy of which can be seen here. A return of 10.3% was reported by the fund for the Q1 of 2021, outperforming its Lipper Balanced Fund benchmark that delivered a 5.4% return for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Oakmark Equity and Income Fund, in their Q1 2021 investor letter, mentioned Fiserv, Inc. (NASDAQ: FISV) and shared their insights on the company. Fiserv, Inc. is a Brookfield, Wisconsin-based financial services provider that currently has an $82.7 billion market capitalization. Since the beginning of the year, FISV delivered a 9.02% return, extending its 12-month gains to 28.17%. As of April 12, 2021, the stock closed at $124.13 per share.