Axel Capital Management Exits Position in Fiserv Inc (FISV)

Fiserv Inc (FISV) : Axel Capital Management has sold out all of its stake in Fiserv Inc during the most recent quarter, according to the disclosure filed by the company on May 11, 2016 with the SEC. The investment management company has sold out 30,000 shares of Fiserv Inc which is valued at $3.1 Million.

Other Hedge Funds, Including , Jefferies Group reduced its stake in FISV by selling 7,304 shares or 55.02% in the most recent quarter. The Hedge Fund company now holds 5,971 shares of FISV which is valued at $620,088. Fiserv Inc makes up approx 0.02% of Jefferies Group’s portfolio.Liberty Mutual Group Asset Management boosted its stake in FISV in the latest quarter, The investment management firm added 956 additional shares and now holds a total of 14,727 shares of Fiserv Inc which is valued at $1.5 Million. Fiserv Inc makes up approx 0.06% of Liberty Mutual Group Asset Management’s portfolio.Rhumbline Advisers reduced its stake in FISV by selling 576 shares or 0.15% in the most recent quarter. The Hedge Fund company now holds 385,990 shares of FISV which is valued at $39.6 Million. Fiserv Inc makes up approx 0.12% of Rhumbline Advisers’s portfolio.Gamble Jones Investment Counsel reduced its stake in FISV by selling 22,270 shares or 31.16% in the most recent quarter. The Hedge Fund company now holds 49,203 shares of FISV which is valued at $5.1 Million. Fiserv Inc makes up approx 0.56% of Gamble Jones Investment Counsel’s portfolio.

Fiserv Inc opened for trading at $103.7 and hit $104.67 on the upside on Monday, eventually ending the session at $104.25, with a gain of 0.39% or 0.4 points. The heightened volatility saw the trading volume jump to 7,52,399 shares. Company has a market cap of $23,178 M.

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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