CMH Wealth Management LLC Raises Stake in Fiserv, Inc. (NASDAQ:FISV)

CMH Wealth Management LLC increased its stake in Fiserv, Inc. (NASDAQ:FISVGet Rating) by 25.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 65,042 shares of the business services provider’s stock after buying an additional 13,160 shares during the quarter. Fiserv accounts for approximately 2.1% of CMH Wealth Management LLC’s portfolio, making the stock its 13th largest holding. CMH Wealth Management LLC’s holdings in Fiserv were worth $5,787,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FISV. Riverview Trust Co bought a new stake in Fiserv in the 1st quarter valued at about $29,000. Advocacy Wealth Management Services LLC increased its position in shares of Fiserv by 100.0% during the first quarter. Advocacy Wealth Management Services LLC now owns 294 shares of the business services provider’s stock valued at $30,000 after buying an additional 147 shares during the period. Parkside Investments LLC bought a new stake in shares of Fiserv during the first quarter valued at about $30,000. Herold Advisors Inc. bought a new stake in shares of Fiserv during the first quarter valued at about $35,000. Finally, IMA Wealth Inc. increased its position in shares of Fiserv by 242.7% during the fourth quarter. IMA Wealth Inc. now owns 377 shares of the business services provider’s stock valued at $39,000 after buying an additional 267 shares during the period. 94.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FISV. Mizuho upped their price target on Fiserv from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, August 1st. Truist Financial decreased their price target on Fiserv from $105.00 to $95.00 and set a “hold” rating on the stock in a research report on Thursday, June 30th. TheStreet cut Fiserv from a “b-” rating to a “c+” rating in a research report on Friday, July 8th. Robert W. Baird decreased their price target on Fiserv from $144.00 to $132.00 in a research report on Wednesday, July 13th. Finally, Keefe, Bruyette & Woods cut their price objective on Fiserv from $135.00 to $115.00 in a report on Monday, July 11th. Ten equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $124.54.

Insider Transactions at Fiserv

In other news, Director Harry Disimone sold 2,706 shares of the firm’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $108.72, for a total value of $294,196.32. Following the transaction, the director now owns 12,947 shares of the company’s stock, valued at $1,407,597.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Harry Disimone sold 2,706 shares of the firm’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $108.72, for a total value of $294,196.32. Following the transaction, the director now owns 12,947 shares of the company’s stock, valued at $1,407,597.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Guy Chiarello sold 15,000 shares of the firm’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $100.00, for a total value of $1,500,000.00. Following the completion of the transaction, the chief operating officer now directly owns 216,864 shares in the company, valued at approximately $21,686,400. The disclosure for this sale can be found here. Insiders have sold 51,706 shares of company stock valued at $5,366,896 over the last quarter. 1.00% of the stock is currently owned by company insiders.

Fiserv Stock Performance

NASDAQ:FISV traded down $1.35 on Friday, hitting $97.21. The stock had a trading volume of 167,525 shares, compared to its average volume of 4,174,461. The stock has a market cap of $62.17 billion, a price-to-earnings ratio of 31.59, a price-to-earnings-growth ratio of 1.14 and a beta of 0.88. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.66. The business’s 50-day simple moving average is $104.28 and its two-hundred day simple moving average is $99.45. Fiserv, Inc. has a 52-week low of $87.03 and a 52-week high of $111.84.

Fiserv (NASDAQ:FISVGet Rating) last announced its earnings results on Tuesday, July 26th. The business services provider reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.01. The business had revenue of $4.45 billion for the quarter, compared to analysts’ expectations of $4.06 billion. Fiserv had a return on equity of 12.40% and a net margin of 11.92%. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period last year, the firm posted $1.37 earnings per share. As a group, research analysts predict that Fiserv, Inc. will post 6.49 earnings per share for the current year.

Fiserv Profile

(Get Rating)

Fiserv, Inc, together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; Clover, a cloud-based point-of-sale and business management platform; and Clover Connect, an independent software vendors platform.

See Also

Want to see what other hedge funds are holding FISV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fiserv, Inc. (NASDAQ:FISVGet Rating).

Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter.