Formulafolio Investments adds Fiserv Inc (FISV) to its portfolio

Fiserv Inc (FISV) : Formulafolio Investments added new position in Fiserv Inc during the most recent quarter end. The investment management firm now holds 9,231 shares of Fiserv Inc which is valued at $954,393 , the company said in a statement filed on Aug 8, 2016 with the SEC.Fiserv Inc makes up approximately 0.16% of Formulafolio Investments’s portfolio.

Other Hedge Funds, Including , Page Arthur B boosted its stake in FISV in the latest quarter, The investment management firm added 180 additional shares and now holds a total of 30,580 shares of Fiserv Inc which is valued at $3,161,666. Fiserv Inc makes up approx 3.08% of Page Arthur B’s portfolio.North Point Portfolio Managers Corpoh reduced its stake in FISV by selling 2,251 shares or 1.56% in the most recent quarter. The Hedge Fund company now holds 142,175 shares of FISV which is valued at $15,639,250. Fiserv Inc makes up approx 2.99% of North Point Portfolio Managers Corpoh’s portfolio.Atalanta Sosnoff Capital reduced its stake in FISV by selling 3,565 shares or 58.2% in the most recent quarter. The Hedge Fund company now holds 2,560 shares of FISV which is valued at $281,600. Fiserv Inc makes up approx 0.01% of Atalanta Sosnoff Capital’s portfolio.Callahan Advisors reduced its stake in FISV by selling 3,315 shares or 5.31% in the most recent quarter. The Hedge Fund company now holds 59,135 shares of FISV which is valued at $6,504,850. Fiserv Inc makes up approx 1.68% of Callahan Advisors’s portfolio.Capstone Asset Management Co boosted its stake in FISV in the latest quarter, The investment management firm added 4,789 additional shares and now holds a total of 43,455 shares of Fiserv Inc which is valued at $4,804,819. Fiserv Inc makes up approx 0.14% of Capstone Asset Management Co’s portfolio.

Fiserv Inc closed down -0.39 points or -0.38% at $102.97 with 7,58,645 shares getting traded on Monday. Post opening the session at $103.69, the shares hit an intraday low of $102.94 and an intraday high of $103.69 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Fiserv Inc reported $1.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $1.07. The company had revenue of $1363.00 million for the quarter, compared to analysts expectations of $1379.29 million. The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 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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