Woodley Farra Manion Portfolio Management Inc buys $32,141,139 stake in Fiserv Inc (FISV)

Fiserv Inc (FISV) : Woodley Farra Manion Portfolio Management Inc scooped up 6,185 additional shares in Fiserv Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 18, 2016. The investment management firm now holds a total of 327,837 shares of Fiserv Inc which is valued at $32,141,139.Fiserv Inc makes up approximately 5.33% of Woodley Farra Manion Portfolio Management Inc’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 , 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.Alpha Windward reduced its stake in FISV by selling 127 shares or 5.79% in the most recent quarter. The Hedge Fund company now holds 2,068 shares of FISV which is valued at $206,345. Fiserv Inc makes up approx 0.15% of Alpha Windward’s portfolio.Churchill Management Corp reduced its stake in FISV by selling 303 shares or 6.21% in the most recent quarter. The Hedge Fund company now holds 4,578 shares of FISV which is valued at $456,793. Fiserv Inc makes up approx 0.03% of Churchill Management 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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