CMH Wealth Management LLC Boosts Stock Holdings in Fiserv, Inc. $FISV

CMH Wealth Management LLC increased its position in Fiserv, Inc. (NASDAQ:FISV) by 49.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 86,676 shares of the business services provider’s stock after acquiring an additional 28,729 shares during the period. Fiserv comprises approximately 2.4% of CMH Wealth Management LLC’s holdings, making the stock its 14th largest position. CMH Wealth Management LLC’s holdings in Fiserv were worth $11,175,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Fiserv in the 2nd quarter worth $1,252,260,000. Goldman Sachs Group Inc. boosted its position in shares of Fiserv by 4.2% during the first quarter. Goldman Sachs Group Inc. now owns 4,778,795 shares of the business services provider’s stock valued at $1,055,301,000 after buying an additional 190,527 shares during the last quarter. Amundi increased its holdings in Fiserv by 27.2% in the 2nd quarter. Amundi now owns 3,781,665 shares of the business services provider’s stock worth $652,148,000 after buying an additional 807,916 shares in the last quarter. Legal & General Group Plc raised its position in Fiserv by 1.1% in the 2nd quarter. Legal & General Group Plc now owns 3,506,096 shares of the business services provider’s stock worth $604,486,000 after buying an additional 39,036 shares during the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in Fiserv by 1.3% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,811,906 shares of the business services provider’s stock valued at $484,801,000 after acquiring an additional 35,524 shares during the period. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Trading Down 0.5%

Shares of FISV stock opened at $67.17 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market cap of $36.51 billion, a price-to-earnings ratio of 10.38, a PEG ratio of 2.59 and a beta of 0.80. Fiserv, Inc. has a 1 year low of $59.56 and a 1 year high of $238.59. The firm has a fifty day moving average price of $68.77 and a 200-day moving average price of $117.21.

Fiserv (NASDAQ:FISV) last announced its earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. The company had revenue of $4.32 billion for the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%. As a group, equities analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Insider Transactions at Fiserv

In related news, insider Adam L. Rosman acquired 7,900 shares of the stock in a transaction dated Tuesday, December 2nd. The shares were purchased at an average cost of $63.19 per share, with a total value of $499,201.00. Following the transaction, the insider directly owned 61,285 shares in the company, valued at approximately $3,872,599.15. This represents a 14.80% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lance M. Fritz acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The shares were bought at an average price of $65.18 per share, with a total value of $651,800.00. Following the completion of the purchase, the director owned 13,086 shares in the company, valued at $852,945.48. This trade represents a 324.04% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 34,900 shares of company stock valued at $2,211,971 over the last quarter. 1.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Zacks Research lowered shares of Fiserv from a “hold” rating to a “strong sell” rating in a research note on Friday, October 31st. The Goldman Sachs Group cut shares of Fiserv from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $149.00 to $79.00 in a report on Thursday, October 30th. BNP Paribas Exane reiterated a “neutral” rating and set a $62.00 target price on shares of Fiserv in a research note on Wednesday, November 5th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $85.00 price target on shares of Fiserv in a report on Thursday, December 4th. Finally, Argus reaffirmed a “hold” rating on shares of Fiserv in a report on Thursday, October 30th. Ten analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $114.42.

Fiserv Profile

Fiserv, Inc, founded in 1984 and headquartered in Brookfield, Wisconsin, is a global provider of financial services technology. The company develops and delivers integrated solutions for payments, processing, risk and compliance, customer and channel management, and business insights and optimization. Serving thousands of clients, Fiserv supports banks, credit unions, securities broker-dealers, leasing and finance companies, and retailers.

Fiserv’s core offerings include account processing systems that automate deposit, lending and transaction processing for financial institutions, as well as digital banking platforms that enable mobile and online banking services.