Fiserv Inc (FISV) : Mountain Pacific Investment Advisers Incid reduced its stake in Fiserv Inc by 5.37% during the most recent quarter end. The investment management company now holds a total of 459,735 shares of Fiserv Inc which is valued at $45,872,358 after selling 26,086 shares in Fiserv Inc , the firm said in a disclosure report filed with the SEC on Apr 15, 2016.Fiserv Inc makes up approximately 5.22% of Mountain Pacific Investment Advisers Incid’s portfolio.
Fiserv Inc closed down -1.15 points or -1.16% at $98.41 with 12,11,851 shares getting traded on Wednesday. Post opening the session at $99.35, the shares hit an intraday low of $98.1 and an intraday high of $99.5325 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Other Hedge Funds, Including , Starfire Investment Advisers added FISV to its portfolio by purchasing 2,000 company shares during the most recent quarter which is valued at $199,560. Fiserv Inc makes up approx 0.13% of Starfire Investment Advisers’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 which is valued at $5,416,058. Fiserv Inc makes up approx 0.12% of Exxonmobil Investment Management Inc Tx’s portfolio.Partnerre Asset Management Corp reduced its stake in FISV by selling 100 shares or 6.37% in the most recent quarter. The Hedge Fund company now holds 1,471 shares of FISV which is valued at $146,732. Fiserv Inc makes up approx 0.08% of Partnerre Asset Management Corp’s portfolio.Foundry Partners reduced its stake in FISV by selling 50,455 shares or 61.96% in the most recent quarter. The Hedge Fund company now holds 30,975 shares of FISV which is valued at $3,089,756. Fiserv Inc makes up approx 0.31% of Foundry Partners’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 Companys 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 Companys 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.