Ami Investment Management Inc Lowers stake in Fiserv Inc (FISV)

Fiserv Inc (FISV) : Ami Investment Management Inc reduced its stake in Fiserv Inc by 10.38% during the most recent quarter end. The investment management company now holds a total of 40,892 shares of Fiserv Inc which is valued at $4.2 Million after selling 4,735 shares in Fiserv Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Fiserv Inc makes up approximately 3.26% of Ami Investment Management Inc’s portfolio.

Other Hedge Funds, Including , Hartford Investment Management Co boosted its stake in FISV in the latest quarter, The investment management firm added 3,866 additional shares and now holds a total of 60,641 shares of Fiserv Inc which is valued at $6.3 Million. Fiserv Inc makes up approx 0.13% of Hartford Investment Management Co’s portfolio.Credit Agricole S A boosted its stake in FISV in the latest quarter, The investment management firm added 733,391 additional shares and now holds a total of 896,321 shares of Fiserv Inc which is valued at $93.1 Million. Fiserv Inc makes up approx 0.45% of Credit Agricole S A’s portfolio.New South Capital Management Inc boosted its stake in FISV in the latest quarter, The investment management firm added 7,132 additional shares and now holds a total of 1,660,466 shares of Fiserv Inc which is valued at $172.4 Million. Fiserv Inc makes up approx 4.18% of New South Capital Management Inc’s portfolio.Massmutual Trust Co Fsbadv boosted its stake in FISV in the latest quarter, The investment management firm added 1,610 additional shares and now holds a total of 23,355 shares of Fiserv Inc which is valued at $2.4 Million. Fiserv Inc makes up approx 0.33% of Massmutual Trust Co Fsbadv’s portfolio.Annex Advisory Services boosted its stake in FISV in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 8,985 shares of Fiserv Inc which is valued at $922,220. Fiserv Inc makes up approx 0.26% of Annex Advisory Services’s portfolio.

Fiserv Inc closed down -0.38 points or -0.36% at $103.99 with 7,86,332 shares getting traded on Wednesday. Post opening the session at $104.5, the shares hit an intraday low of $103.84 and an intraday high of $104.748 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Fiserv Inc reported $1.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on May 5, 2016. Analyst had a consensus of $1.02. The company had revenue of $1331.00 million for the quarter, compared to analysts expectations of $1338.22 million. The company’s revenue was up 4.4% 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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