Fiserv, Inc. (NYSE:FI) Shares Sold by CMH Wealth Management LLC

CMH Wealth Management LLC trimmed its position in Fiserv, Inc. (NYSE:FI) by 2.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 39,497 shares of the business services provider’s stock after selling 877 shares during the period. Fiserv accounts for approximately 1.9% of CMH Wealth Management LLC’s holdings, making the stock its 22nd largest position. CMH Wealth Management LLC’s holdings in Fiserv were worth $8,113,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kimelman & Baird LLC acquired a new position in Fiserv in the second quarter valued at approximately $60,000. AE Wealth Management LLC boosted its holdings in shares of Fiserv by 176.4% in the 2nd quarter. AE Wealth Management LLC now owns 16,136 shares of the business services provider’s stock valued at $2,405,000 after buying an additional 10,298 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of Fiserv by 38.8% in the 2nd quarter. Pacer Advisors Inc. now owns 62,455 shares of the business services provider’s stock valued at $9,308,000 after buying an additional 17,462 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in Fiserv by 2.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 191,892 shares of the business services provider’s stock worth $28,600,000 after acquiring an additional 4,208 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its stake in Fiserv by 267.7% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 15,190 shares of the business services provider’s stock worth $2,264,000 after acquiring an additional 11,059 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Activity at Fiserv

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total value of $4,468,394.81. Following the completion of the transaction, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. This trade represents a 34.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Doyle Simons sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $201.97, for a total value of $8,078,800.00. Following the sale, the director now directly owns 76,180 shares in the company, valued at $15,386,074.60. This trade represents a 34.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 90,821 shares of company stock worth $18,581,095 over the last 90 days. Company insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. The Goldman Sachs Group raised their price objective on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Barclays raised their price target on Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Wells Fargo & Company lifted their price target on Fiserv from $220.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Morgan Stanley increased their price objective on Fiserv from $220.00 to $258.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Finally, Seaport Res Ptn upgraded shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Fiserv currently has a consensus rating of “Moderate Buy” and an average target price of $224.00.

Fiserv Stock Up 1.2 %

Fiserv stock opened at $208.67 on Tuesday. The stock’s 50 day moving average price is $209.45 and its 200 day moving average price is $187.30. Fiserv, Inc. has a 1-year low of $136.93 and a 1-year high of $223.23. The company has a market cap of $118.71 billion, a PE ratio of 40.13, a price-to-earnings-growth ratio of 1.32 and a beta of 0.94. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, topping the consensus estimate of $2.26 by $0.04. The company had revenue of $5.22 billion for the quarter, compared to analyst estimates of $4.90 billion. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The business’s revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.96 EPS. On average, sell-side analysts predict that Fiserv, Inc. will post 8.77 EPS 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.