Wendell David Associates Inc Lowers stake in Fiserv Inc (FISV)

Fiserv Inc (FISV) : Wendell David Associates Inc reduced its stake in Fiserv Inc by 4.11% during the most recent quarter end. The investment management company now holds a total of 99,235 shares of Fiserv Inc which is valued at $11,006,154 after selling 4,255 shares in Fiserv Inc , the firm said in a disclosure report filed with the SEC on Jul 18, 2016.Fiserv Inc makes up approximately 2.11% of Wendell David Associates Inc’s portfolio.

Other Hedge Funds, Including , Hengehold Capital Management reduced its stake in FISV by selling 32 shares or 1.52% in the most recent quarter. The Hedge Fund company now holds 2,073 shares of FISV which is valued at $229,916. Fiserv Inc makes up approx 0.07% of Hengehold Capital Management’s portfolio.Livforsakringsbolaget Skandia Omsesidigt boosted its stake in FISV in the latest quarter, The investment management firm added 5,200 additional shares and now holds a total of 23,104 shares of Fiserv Inc which is valued at $2,547,447. Fiserv Inc makes up approx 0.11% of Livforsakringsbolaget Skandia Omsesidigt’s portfolio. Atria Investments added FISV to its portfolio by purchasing 2,342 company shares during the most recent quarter which is valued at $258,955. Fiserv Inc makes up approx 0.03% of Atria Investments’s portfolio.Gateway Investment Advisers reduced its stake in FISV by selling 284 shares or 1.76% in the most recent quarter. The Hedge Fund company now holds 15,849 shares of FISV which is valued at $1,752,424. Fiserv Inc makes up approx 0.01% of Gateway Investment Advisers’s portfolio.

Fiserv Inc opened for trading at $110.48 and hit $110.97 on the upside on Wednesday, eventually ending the session at $110.91, with a gain of 0.47% or 0.52 points. The heightened volatility saw the trading volume jump to 5,34,329 shares. Company has a market cap of $24,659 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. Company shares were Reiterated by Barclays on Jul 7, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 100 from a previous price target of $93 .

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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