Fiserv Inc (FISV) : Birch Hill Investment Advisors reduced its stake in Fiserv Inc by 5.64% during the most recent quarter end. The investment management company now holds a total of 421,507 shares of Fiserv Inc which is valued at $43,773,502 after selling 25,191 shares in Fiserv Inc , the firm said in a disclosure report filed with the SEC on May 9, 2016.Fiserv Inc makes up approximately 4.57% of Birch Hill Investment Advisors’s portfolio.
Other Hedge Funds, Including , Commonwealth Of Pennsylvania Public School Empls Retrmt Sys boosted its stake in FISV in the latest quarter, The investment management firm added 1,612 additional shares and now holds a total of 16,544 shares of Fiserv Inc which is valued at $1,718,094. Fiserv Inc makes up approx 0.04% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio.Spinnaker Trust boosted its stake in FISV in the latest quarter, The investment management firm added 230 additional shares and now holds a total of 3,586 shares of Fiserv Inc which is valued at $368,067. Fiserv Inc makes up approx 0.05% of Spinnaker Trust’s portfolio.Scout Investments reduced its stake in FISV by selling 21,721 shares or 13.88% in the most recent quarter. The Hedge Fund company now holds 134,782 shares of FISV which is valued at $13,834,024. Fiserv Inc makes up approx 0.38% of Scout Investments’s portfolio. Quantitative Investment Management added FISV to its portfolio by purchasing 29,000 company shares during the most recent quarter which is valued at $2,976,560. Fiserv Inc makes up approx 0.14% of Quantitative Investment Management’s portfolio.Smithbridge Asset Management Incde reduced its stake in FISV by selling 300 shares or 1.89% in the most recent quarter. The Hedge Fund company now holds 15,600 shares of FISV which is valued at $1,524,432. Fiserv Inc makes up approx 1.42% of Smithbridge Asset Management Incde’s portfolio.
Fiserv Inc closed down -1.39 points or -1.32% at $103.85 with 10,46,404 shares getting traded on Friday. Post opening the session at $105.09, the shares hit an intraday low of $103.74 and an intraday high of $105.49 and the price fluctuated in this range throughout the day.Shares ended Friday 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 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.