Findlay Park Partners Llp buys $372,226,855 stake in Fiserv Inc (FISV)

Fiserv Inc (FISV) : Findlay Park Partners Llp scooped up 79,274 additional shares in Fiserv Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 10, 2016. The investment management firm now holds a total of 3,584,274 shares of Fiserv Inc which is valued at $372,226,855.Fiserv Inc makes up approximately 4.20% of Findlay Park Partners Llp’s portfolio.

Other Hedge Funds, Including , Pioneer Investment Management Inc reduced its stake in FISV by selling 272,065 shares or 30.01% in the most recent quarter. The Hedge Fund company now holds 634,631 shares of FISV which is valued at $65,906,429. Fiserv Inc makes up approx 0.25% of Pioneer Investment Management Inc’s portfolio.Legacy Capital Partners reduced its stake in FISV by selling 750 shares or 2.16% in the most recent quarter. The Hedge Fund company now holds 34,010 shares of FISV which is valued at $3,490,786. Fiserv Inc makes up approx 2.25% of Legacy Capital Partners’s portfolio.Chase Investment Counsel Corp reduced its stake in FISV by selling 8,710 shares or 9.92% in the most recent quarter. The Hedge Fund company now holds 79,104 shares of FISV which is valued at $8,119,235. Fiserv Inc makes up approx 3.58% of Chase Investment Counsel Corp’s portfolio. Tradelink Capital added FISV to its portfolio by purchasing 2,530 company shares during the most recent quarter which is valued at $259,679. Fiserv Inc makes up approx 0.48% of Tradelink Capital’s portfolio.Wealthtrust-arizona reduced its stake in FISV by selling 5 shares or 3.01% in the most recent quarter. The Hedge Fund company now holds 161 shares of FISV which is valued at $15,733. Fiserv Inc makes up approx 0.01% of Wealthtrust-arizona’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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