Golub Group Lowers stake in Fiserv Inc (FISV)

Fiserv Inc (FISV) : Golub Group reduced its stake in Fiserv Inc by 1.58% during the most recent quarter end. The investment management company now holds a total of 230,667 shares of Fiserv Inc which is valued at $24 Million after selling 3,694 shares in Fiserv Inc , the firm said in a disclosure report filed with the SEC on May 12, 2016.Fiserv Inc makes up approximately 2.56% of Golub Group’s portfolio.

Other Hedge Funds, Including , Thrivent Financial For Lutherans boosted its stake in FISV in the latest quarter, The investment management firm added 190 additional shares and now holds a total of 6,610 shares of Fiserv Inc which is valued at $686,449.Blackrock Group Ltd reduced its stake in FISV by selling 75,293 shares or 3.99% in the most recent quarter. The Hedge Fund company now holds 1,811,525 shares of FISV which is valued at $188.1 Million. Fiserv Inc makes up approx 0.10% of Blackrock Group Ltd’s portfolio. Oxford Asset Management added FISV to its portfolio by purchasing 19,276 company shares during the most recent quarter which is valued at $2 Million. Fiserv Inc makes up approx 0.07% of Oxford Asset Management’s portfolio.Whittier Trust Co boosted its stake in FISV in the latest quarter, The investment management firm added 1,859 additional shares and now holds a total of 3,204 shares of Fiserv Inc which is valued at $313,095. Fiserv Inc makes up approx 0.01% of Whittier Trust Co’s portfolio.Riverbridge Partners reduced its stake in FISV by selling 13,761 shares or 2.45% in the most recent quarter. The Hedge Fund company now holds 548,438 shares of FISV which is valued at $53.6 Million. Fiserv Inc makes up approx 1.12% of Riverbridge Partners’s portfolio.

Fiserv Inc opened for trading at $102.17 and hit $103.1 on the upside on Friday, eventually ending the session at $102.44, with a gain of 0.65% or 0.66 points. The heightened volatility saw the trading volume jump to 10,84,351 shares. Company has a market cap of $22,775,485 M.

On the company’s financial health, Fiserv Inc reported $1.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on May 5, 2016. Analyst had a consensus of $1.02. The company had revenue of $1331.00 million for the quarter, compared to analysts expectations of $1338.22 million. The company’s revenue was up 4.4% 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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