Headinvest Lowers stake in FISERV INC COM (FISV)

FISERV INC COM (FISV) : Headinvest reduced its stake in FISERV INC COM by 1.45% during the most recent quarter end. The investment management company now holds a total of 69,201 shares of FISERV INC COM which is valued at $6,784,466 after selling 1,019 shares in FISERV INC COM , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.FISERV INC COM makes up approximately 2.63% of Headinvest’s portfolio.

FISERV INC COM opened for trading at $98.81 and hit $99.7 on the upside on Wednesday, eventually ending the session at $99.2, with a gain of 0.30% or 0.3 points. The heightened volatility saw the trading volume jump to 8,06,673 shares. Company has a market cap of $22,115 M.

Other Hedge Funds, Including , Legacy Private Trust boosted its stake in FISV in the latest quarter, The investment management firm added 220 additional shares and now holds a total of 115,453 shares of FISERV INC COM which is valued at $11,319,012. FISERV INC COM makes up approx 1.70% of Legacy Private Trust’s portfolio. Yhb Investment Advisors sold out all of its stake in FISV during the most recent quarter. The investment firm sold 2,428 shares of FISV which is valued $238,041. Simplex Trading added FISV to its portfolio by purchasing 4,784 company shares during the most recent quarter which is valued at $477,348. FISERV INC COM makes up approx 0.07% of Simplex Trading’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in FISV in the latest quarter, The investment management firm added 3,055 additional shares and now holds a total of 54,280 shares of FISERV INC COM which is valued at $5,416,058. FISERV INC COM makes up approx 0.12% of Exxonmobil Investment Management Inc Tx’s portfolio.

On the company’s financial health, FISERV INC COM 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 COM. Compass Point Initiated FISERV INC COM 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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