Longview Partners (guernsey) Ltd Lowers stake in Fiserv Inc (FISV)

Fiserv Inc (FISV) : Longview Partners (guernsey) Ltd reduced its stake in Fiserv Inc by 1.29% during the most recent quarter end. The investment management company now holds a total of 7,130,632 shares of Fiserv Inc which is valued at $699,087,161 after selling 93,125 shares in Fiserv Inc , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.Fiserv Inc makes up approximately 4.55% of Longview Partners (guernsey) Ltd’s portfolio.

Fiserv Inc closed down -0.37 points or -0.38% at $98.04 with 11,41,486 shares getting traded on Friday. Post opening the session at $98, the shares hit an intraday low of $97.3 and an intraday high of $98.635 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Winslow Evans Crocker boosted its stake in FISV in the latest quarter, The investment management firm added 75 additional shares and now holds a total of 5,925 shares of Fiserv Inc which is valued at $580,887. Fiserv Inc makes up approx 0.17% of Winslow Evans Crocker’s portfolio.First Citizens Bank Trust Co reduced its stake in FISV by selling 2,295 shares or 22.67% in the most recent quarter. The Hedge Fund company now holds 7,830 shares of FISV which is valued at $767,653. Fiserv Inc makes up approx 0.06% of First Citizens Bank Trust Co’s portfolio.New York State Teachers Retirement System reduced its stake in FISV by selling 8,327 shares or 1.87% in the most recent quarter. The Hedge Fund company now holds 437,760 shares of FISV which is valued at $42,917,990. Fiserv Inc makes up approx 0.11% of New York State Teachers Retirement System’s portfolio.1st Global Advisors boosted its stake in FISV in the latest quarter, The investment management firm added 8,667 additional shares and now holds a total of 22,412 shares of Fiserv Inc which is valued at $2,236,269. Fiserv Inc makes up approx 0.31% of 1st Global Advisors’s portfolio.Toth Financial Advisory Corp reduced its stake in FISV by selling 2,914 shares or 3.09% in the most recent quarter. The Hedge Fund company now holds 91,334 shares of FISV which is valued at $9,110,567. Fiserv Inc makes up approx 3.00% of Toth Financial Advisory Corp’s portfolio.

On the company’s financial health, Fiserv Inc 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. 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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