Westwood Management Corp Il Lowers stake in Fiserv Inc (FISV)

Fiserv Inc (FISV) : Westwood Management Corp Il reduced its stake in Fiserv Inc by 0.48% during the most recent quarter end. The investment management company now holds a total of 167,440 shares of Fiserv Inc which is valued at $16,362,237 after selling 800 shares in Fiserv Inc , the firm said in a disclosure report filed with the SEC on Apr 25, 2016.Fiserv Inc makes up approximately 3.13% of Westwood Management Corp Il’s portfolio.

Fiserv Inc opened for trading at $97.6 and hit $99.27 on the upside on Monday, eventually ending the session at $99.1, with a gain of 1.41% or 1.38 points. The heightened volatility saw the trading volume jump to 7,95,645 shares. Company has a market cap of $22,093 M.

Other Hedge Funds, Including , Umb Bank N Amo reduced its stake in FISV by selling 2,450 shares or 5.32% in the most recent quarter. The Hedge Fund company now holds 43,645 shares of FISV which is valued at $4,278,956. Fiserv Inc makes up approx 0.18% of Umb Bank N Amo’s portfolio. Quantres Asset Management Ltd sold out all of its stake in FISV during the most recent quarter. The investment firm sold 2,400 shares of FISV which is valued $235,296.Benjamin F. Edwards Company reduced its stake in FISV by selling 1,479 shares or 60.0% in the most recent quarter. The Hedge Fund company now holds 986 shares of FISV which is valued at $98,383. Fiserv Inc makes up approx 0.02% of Benjamin F. Edwards Company’s portfolio.Central Bank Trust Co reduced its stake in FISV by selling 3,447 shares or 4.69% in the most recent quarter. The Hedge Fund company now holds 70,126 shares of FISV which is valued at $6,997,172. Fiserv Inc makes up approx 1.94% of Central Bank Trust Co’s portfolio.

On the company’s financial health, Fiserv Inc reported $1.00 EPS for the quarter, based on the information available during the earnings call on Feb 2, 2016. Analyst had a consensus estimate of $1.00. The company had revenue of $1368.00 million for the quarter, compared to analysts expectations of $1395.80 million. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 EPS.

Many Wall Street Analysts have commented on Fiserv Inc. Compass Point Initiated Fiserv Inc on Apr 15, 2016 to “Sell”, Price Target of the shares are set at $85.

Fiserv Inc. (Fiserv) is a global provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services and related services including document and payment card production and distribution check processing and imaging source capture systems and lending and risk management products and services. The Company’s Payments and Industry Products segment primarily provides debit credit and prepaid card processing and services electronic bill payment and presentment services Internet and mobile banking software and services person-to-person payment services and other electronic payments software and services. The Company’s Financial Institution Services business segment provides account processing services item processing and source capture services loan origination and servicing products cash management and consulting services.

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