Fiserv Inc (FISV) : Hunter Associates Investment Management reduced its stake in Fiserv Inc by 5.56% during the most recent quarter end. The investment management company now holds a total of 54,585 shares of Fiserv Inc which is valued at $5.7 Million after selling 3,212 shares in Fiserv Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Fiserv Inc makes up approximately 2.60% of Hunter Associates Investment Management’s portfolio.
Other Hedge Funds, Including , Brown Advisory Inc reduced its stake in FISV by selling 1,405 shares or 16.58% in the most recent quarter. The Hedge Fund company now holds 7,069 shares of FISV which is valued at $734,116.Janney Montgomery Scott reduced its stake in FISV by selling 176 shares or 3.12% in the most recent quarter. The Hedge Fund company now holds 5,465 shares of FISV which is valued at $567,540. Fiserv Inc makes up approx 0.01% of Janney Montgomery Scott’s portfolio.American Century Companies Inc reduced its stake in FISV by selling 1,115 shares or 0.08% in the most recent quarter. The Hedge Fund company now holds 1,469,768 shares of FISV which is valued at $150.9 Million. Fiserv Inc makes up approx 0.18% of American Century Companies Inc’s portfolio.Ashburton (jersey) Ltd reduced its stake in FISV by selling 5,360 shares or 12.95% in the most recent quarter. The Hedge Fund company now holds 36,040 shares of FISV which is valued at $3.5 Million. Fiserv Inc makes up approx 1.23% of Ashburton (jersey) Ltd’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 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.