Running Oak Capital LLC Buys 20,044 Shares of Fiserv, Inc. $FI

Running Oak Capital LLC lifted its position in Fiserv, Inc. (NYSE:FI) by 27.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,545 shares of the business services provider’s stock after acquiring an additional 20,044 shares during the period. Running Oak Capital LLC’s holdings in Fiserv were worth $16,128,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Nuveen LLC acquired a new position in Fiserv in the first quarter valued at about $1,722,584,000. JPMorgan Chase & Co. grew its position in shares of Fiserv by 77.2% in the 1st quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider’s stock valued at $3,390,793,000 after purchasing an additional 6,691,703 shares during the period. Assenagon Asset Management S.A. increased its stake in Fiserv by 939.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,039,032 shares of the business services provider’s stock worth $351,550,000 after purchasing an additional 1,842,784 shares in the last quarter. Swedbank AB raised its holdings in Fiserv by 366.0% during the 2nd quarter. Swedbank AB now owns 1,588,747 shares of the business services provider’s stock worth $273,916,000 after buying an additional 1,247,801 shares during the period. Finally, GQG Partners LLC bought a new position in Fiserv in the first quarter valued at approximately $265,769,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on FI shares. JPMorgan Chase & Co. dropped their price objective on shares of Fiserv from $210.00 to $190.00 and set an “overweight” rating on the stock in a report on Thursday, July 24th. Truist Financial lifted their price target on Fiserv from $181.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, July 17th. KeyCorp reduced their price objective on Fiserv from $250.00 to $200.00 and set an “overweight” rating for the company in a research report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft initiated coverage on Fiserv in a research report on Thursday, July 17th. They issued a “buy” rating and a $200.00 target price on the stock. Finally, Wall Street Zen upgraded Fiserv from a “hold” rating to a “buy” rating in a research note on Saturday, September 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and an average price target of $205.96.

Fiserv Stock Up 1.4%

FI stock opened at $127.56 on Monday. The company has a market cap of $69.34 billion, a price-to-earnings ratio of 21.30, a P/E/G ratio of 0.83 and a beta of 0.95. Fiserv, Inc. has a twelve month low of $124.89 and a twelve month high of $238.59. The business has a 50 day moving average price of $134.59 and a two-hundred day moving average price of $164.90. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.09.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.04. Fiserv had a return on equity of 19.69% and a net margin of 16.00%.The company had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.20 billion. During the same quarter in the prior year, the business posted $2.13 EPS. The business’s revenue was up 8.0% compared to the same quarter last year. Fiserv has set its FY 2025 guidance at 10.150-10.30 EPS. Analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal 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.