Legacy Private Trust buys $11,319,012 stake in FISERV INC COM (FISV)

FISERV INC COM (FISV) : Legacy Private Trust scooped up 220 additional shares in FISERV INC COM during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 115,453 shares of FISERV INC COM which is valued at $11,319,012.FISERV INC COM makes up approximately 1.70% of Legacy Private Trust’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 , Strs Ohio sold out all of its stake in FISV during the most recent quarter. The investment firm sold 16,591 shares of FISV which is valued $1,626,582.Howland Capital Management reduced its stake in FISV by selling 500 shares or 5.96% in the most recent quarter. The Hedge Fund company now holds 7,891 shares of FISV which is valued at $787,364. FISERV INC COM makes up approx 0.08% of Howland Capital Management’s portfolio.Acadian Asset Management reduced its stake in FISV by selling 15,721 shares or 99.79% in the most recent quarter. The Hedge Fund company now holds 33 shares of FISV which is valued at $3,293.Indiana Trust Investment Management Co reduced its stake in FISV by selling 2,195 shares or 6.14% in the most recent quarter. The Hedge Fund company now holds 33,554 shares of FISV which is valued at $3,347,012. FISERV INC COM makes up approx 1.85% of Indiana Trust Investment Management Co’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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