CMH Wealth Management LLC Has $9.99 Million Position in Fiserv, Inc. $FI

Key Points

• CMH Wealth Management LLC increased its stake in Fiserv, Inc. by 45.5% in Q2, now holding 57,947 shares valued at approximately $9.99 million.
• Fiserv reported an EPS of $2.47 for Q2, surpassing expectations, with a year-over-year revenue growth of 8.0%.
• Analysts currently have a consensus rating of "Moderate Buy" for Fiserv, with an average price target of $207.36.

CMH Wealth Management LLC grew its position in Fiserv, Inc. (NYSE:FI - Free Report) by 45.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,947 shares of the business services provider's stock after acquiring an additional 18,130 shares during the period. Fiserv comprises about 2.3% of CMH Wealth Management LLC's portfolio, making the stock its 12th largest holding. CMH Wealth Management LLC's holdings in Fiserv were worth $9,991,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Nuveen LLC acquired a new stake in shares of Fiserv during the 1st quarter worth about $1,722,584,000. JPMorgan Chase & Co. lifted its stake in shares of Fiserv by 77.2% during the 1st quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider's stock worth $3,390,793,000 after buying an additional 6,691,703 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Fiserv by 21,681.0% during the 1st quarter. GAMMA Investing LLC now owns 3,821,905 shares of the business services provider's stock worth $843,991,000 after buying an additional 3,804,358 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Fiserv by 939.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,039,032 shares of the business services provider's stock worth $351,550,000 after buying an additional 1,842,784 shares during the last quarter. Finally, Swedbank AB lifted its stake in shares of Fiserv by 366.0% during the 2nd quarter. Swedbank AB now owns 1,588,747 shares of the business services provider's stock worth $273,916,000 after buying an additional 1,247,801 shares during the last quarter. Institutional investors own 90.98% of the company's stock.

Fiserv Trading Down 1.0%

FI traded down $1.33 during trading on Tuesday, reaching $129.15. 1,995,533 shares of the company's stock were exchanged, compared to its average volume of 4,433,280. Fiserv, Inc. has a one year low of $128.22 and a one year high of $238.59. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $70.20 billion, a PE ratio of 21.54, a price-to-earnings-growth ratio of 0.86 and a beta of 0.94. The firm has a fifty day moving average price of $139.86 and a two-hundred day moving average price of $170.39.

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on FI. UBS Group cut their target price on shares of Fiserv from $225.00 to $170.00 and set a "buy" rating for the company in a research note on Friday, July 25th. Robert W. Baird dropped their price objective on shares of Fiserv from $225.00 to $185.00 and set an "outperform" rating for the company in a research note on Thursday, July 24th. Wall Street Zen upgraded shares of Fiserv from a "hold" rating to a "buy" rating in a research note on Saturday. Tigress Financial lifted their price objective on shares of Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. Finally, Barclays set a $175.00 price objective on shares of Fiserv and gave the stock an "overweight" rating in a research note on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $207.36.

About Fiserv

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.