Running Oak Capital LLC Has $16.13 Million Holdings in Fiserv, Inc. $FI

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

Other hedge funds also recently made changes to their positions in the company. Sowell Financial Services LLC lifted its stake in Fiserv by 9.7% during the second quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider's stock worth $610,000 after purchasing an additional 314 shares during the period. Kathmere Capital Management LLC raised its holdings in shares of Fiserv by 7.7% in the 2nd quarter. Kathmere Capital Management LLC now owns 1,488 shares of the business services provider's stock worth $257,000 after buying an additional 106 shares in the last quarter. Gotham Asset Management LLC raised its holdings in shares of Fiserv by 5.4% in the 1st quarter. Gotham Asset Management LLC now owns 74,674 shares of the business services provider's stock worth $16,490,000 after buying an additional 3,809 shares in the last quarter. Deltec Asset Management LLC bought a new position in shares of Fiserv during the 2nd quarter worth approximately $1,034,000. Finally, Jacobs & Co. CA boosted its stake in Fiserv by 26.5% in the 2nd quarter. Jacobs & Co. CA now owns 53,993 shares of the business services provider's stock valued at $9,308,000 after buying an additional 11,322 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. UBS Group cut their price objective on Fiserv from $225.00 to $170.00 and set a "buy" rating for the company in a report on Friday, July 25th. KeyCorp cut their price target on shares of Fiserv from $250.00 to $200.00 and set an "overweight" rating for the company in a report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft began coverage on shares of Fiserv in a research report on Thursday, July 17th. They issued a "buy" rating and a $200.00 price target on the stock. Wall Street Zen raised shares of Fiserv from a "hold" rating to a "buy" rating in a report on Saturday, September 20th. Finally, Morgan Stanley reduced their target price on Fiserv from $268.00 to $266.00 and set an "overweight" rating on the stock in a report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $205.96.

Fiserv Price Performance

FI opened at $127.56 on Monday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $69.34 billion, a P/E ratio of 21.30, a price-to-earnings-growth ratio of 0.83 and a beta of 0.95. The company's 50 day simple moving average is $134.59 and its 200-day simple moving average is $164.90. Fiserv, Inc. has a one year low of $124.89 and a one year high of $238.59.

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

Fiserv Company Profile

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.

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