CMH Wealth Management LLC Acquires 13,160 Shares of Fiserv, Inc. (NASDAQ:FISV)

CMH Wealth Management LLC grew its holdings in Fiserv, Inc. (NASDAQ:FISVGet Rating) by 25.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 65,042 shares of the business services provider’s stock after acquiring an additional 13,160 shares during the quarter. Fiserv accounts for approximately 2.1% of CMH Wealth Management LLC’s investment portfolio, making the stock its 13th biggest position. CMH Wealth Management LLC’s holdings in Fiserv were worth $5,787,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of FISV. Dodge & Cox grew its stake in Fiserv by 38.8% during the fourth quarter. Dodge & Cox now owns 35,432,277 shares of the business services provider’s stock worth $3,677,516,000 after buying an additional 9,901,409 shares in the last quarter. Norges Bank acquired a new stake in Fiserv during the fourth quarter worth about $522,697,000. Veritas Asset Management LLP grew its stake in Fiserv by 27.2% during the first quarter. Veritas Asset Management LLP now owns 10,021,216 shares of the business services provider’s stock worth $1,016,151,000 after buying an additional 2,144,100 shares in the last quarter. ValueAct Holdings L.P. grew its stake in Fiserv by 19.2% during the fourth quarter. ValueAct Holdings L.P. now owns 13,035,201 shares of the business services provider’s stock worth $1,352,924,000 after buying an additional 2,100,000 shares in the last quarter. Finally, Glenview Capital Management LLC grew its stake in Fiserv by 329.2% during the first quarter. Glenview Capital Management LLC now owns 2,142,801 shares of the business services provider’s stock worth $217,280,000 after buying an additional 1,643,595 shares in the last quarter. Institutional investors own 94.01% of the company’s stock.

Fiserv Trading Down 1.4 %

Fiserv stock traded down $1.35 during mid-day trading on Friday, hitting $97.21. 167,525 shares of the stock were exchanged, compared to its average volume of 4,174,461. The firm’s fifty day simple moving average is $104.28 and its two-hundred day simple moving average is $99.45. The stock has a market capitalization of $62.17 billion, a price-to-earnings ratio of 31.59, a PEG 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. Fiserv, Inc. has a 12 month low of $87.03 and a 12 month high of $111.84.

Fiserv (NASDAQ:FISVGet Rating) last released its quarterly earnings data on Tuesday, July 26th. The business services provider reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.01. The company had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.06 billion. Fiserv had a net margin of 11.92% and a return on equity of 12.40%. Fiserv’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.37 EPS. Analysts forecast that Fiserv, Inc. will post 6.49 EPS for the current year.

Wall Street Analysts Forecast Growth

FISV has been the topic of a number of analyst reports. Truist Financial reduced their price objective on shares of Fiserv from $105.00 to $95.00 and set a “hold” rating on the stock in a research note on Thursday, June 30th. Keefe, Bruyette & Woods reduced their price target on shares of Fiserv from $135.00 to $115.00 in a research note on Monday, July 11th. Wells Fargo & Company raised their price target on shares of Fiserv from $100.00 to $107.00 and gave the company an “equal weight” rating in a research note on Thursday, September 8th. TheStreet downgraded shares of Fiserv from a “b-” rating to a “c+” rating in a research note on Friday, July 8th. Finally, Tigress Financial raised their price target on shares of Fiserv from $150.00 to $152.00 in a research note on Friday, May 27th. Ten research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.54.

Insider Activity

In related news, COO Guy Chiarello sold 30,000 shares of Fiserv stock in a transaction on Monday, August 1st. The shares were sold at an average price of $105.09, for a total value of $3,152,700.00. Following the completion of the sale, the chief operating officer now owns 237,053 shares of the company’s stock, valued at approximately $24,911,899.77. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Harry Disimone sold 2,706 shares of Fiserv stock in a transaction on Monday, September 12th. The shares were sold at an average price of $108.72, for a total value of $294,196.32. Following the completion of the sale, the director now owns 12,947 shares of the company’s stock, valued at approximately $1,407,597.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Guy Chiarello sold 30,000 shares of Fiserv stock in a transaction on Monday, August 1st. The stock was sold at an average price of $105.09, for a total transaction of $3,152,700.00. Following the transaction, the chief operating officer now directly owns 237,053 shares in the company, valued at $24,911,899.77. The disclosure for this sale can be found here. Insiders sold 51,706 shares of company stock worth $5,366,896 in the last quarter. 1.00% of the stock is owned by corporate insiders.

About Fiserv

(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

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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