Dempze Nancy E buys $1.4 Million stake in Fiserv Inc (FISV)

Fiserv Inc (FISV) : Dempze Nancy E scooped up 755 additional shares in Fiserv Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 27, 2016. The investment management firm now holds a total of 13,555 shares of Fiserv Inc which is valued at $1.4 Million.Fiserv Inc makes up approximately 2.48% of Dempze Nancy E’s portfolio.

Other Hedge Funds, Including , Zurcher Kantonalbank (zurich Cantonalbank) boosted its stake in FISV in the latest quarter, The investment management firm added 2,073 additional shares and now holds a total of 45,048 shares of Fiserv Inc which is valued at $4.7 Million. Fiserv Inc makes up approx 0.06% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio.Parametric Portfolio Associates boosted its stake in FISV in the latest quarter, The investment management firm added 30,733 additional shares and now holds a total of 479,070 shares of Fiserv Inc which is valued at $49.8 Million. Fiserv Inc makes up approx 0.08% of Parametric Portfolio Associates’s portfolio.Bokf Na boosted its stake in FISV in the latest quarter, The investment management firm added 3,316 additional shares and now holds a total of 61,059 shares of Fiserv Inc which is valued at $6.3 Million. Fiserv Inc makes up approx 0.23% of Bokf Na’s portfolio.Fuller Thaler Asset Management reduced its stake in FISV by selling 1,800 shares or 56.25% in the most recent quarter. The Hedge Fund company now holds 1,400 shares of FISV which is valued at $145,390.

Fiserv Inc closed down -0.12 points or -0.11% at $106.51 with 6,20,769 shares getting traded on Tuesday. Post opening the session at $106.58, the shares hit an intraday low of $106.43 and an intraday high of $107.38 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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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