Fiserv Inc (FISV) : Braun Stacey Associates Inc reduced its stake in Fiserv Inc by 2.66% during the most recent quarter end. The investment management company now holds a total of 215,631 shares of Fiserv Inc which is valued at $22,132,366 after selling 5,890 shares in Fiserv Inc , the firm said in a disclosure report filed with the SEC on May 2, 2016.Fiserv Inc makes up approximately 1.44% of Braun Stacey Associates Inc’s portfolio.
Fiserv Inc opened for trading at $98.8 and hit $102.79 on the upside on Friday, eventually ending the session at $102.64, with a gain of 3.42% or 3.39 points. The heightened volatility saw the trading volume jump to 20,23,070 shares. Company has a market cap of $22,882 M.
Other Hedge Funds, Including , Ifp Advisors Inc boosted its stake in FISV in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 771 shares of Fiserv Inc which is valued at $79,135.Commonwealth Equity Services Inc boosted its stake in FISV in the latest quarter, The investment management firm added 1,392 additional shares and now holds a total of 15,798 shares of Fiserv Inc which is valued at $1,543,781. Fiserv Inc makes up approx 0.01% of Commonwealth Equity Services Inc’s portfolio.Duncker Streett Co Inc reduced its stake in FISV by selling 2,098 shares or 10.38% in the most recent quarter. The Hedge Fund company now holds 18,114 shares of FISV which is valued at $1,770,100. Fiserv Inc makes up approx 0.65% of Duncker Streett Co Inc’s portfolio.Woodley Farra Manion Portfolio Management Inc boosted its stake in FISV in the latest quarter, The investment management firm added 6,185 additional shares and now holds a total of 327,837 shares of Fiserv Inc which is valued at $32,141,139. Fiserv Inc makes up approx 5.33% of Woodley Farra Manion Portfolio Management Inc’s portfolio.
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.