Investec Asset Management North America buys $11.1 Million stake in Fiserv Inc (FISV)

Fiserv Inc (FISV) : Investec Asset Management North America scooped up 6,369 additional shares in Fiserv Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 106,992 shares of Fiserv Inc which is valued at $11.1 Million.Fiserv Inc makes up approximately 1.83% of Investec Asset Management North America’s portfolio.

Other Hedge Funds, Including , Canada Pension Plan Investment Board reduced its stake in FISV by selling 54,464 shares or 93.31% in the most recent quarter. The Hedge Fund company now holds 3,905 shares of FISV which is valued at $405,534.Savant Capital boosted its stake in FISV in the latest quarter, The investment management firm added 30 additional shares and now holds a total of 2,278 shares of Fiserv Inc which is valued at $236,570. Fiserv Inc makes up approx 0.07% of Savant Capital’s portfolio.Atlantic Trust Group reduced its stake in FISV by selling 15,489 shares or 1.28% in the most recent quarter. The Hedge Fund company now holds 1,191,511 shares of FISV which is valued at $123.7 Million. Fiserv Inc makes up approx 0.94% of Atlantic Trust Group’s portfolio.Findlay Park Partners Llp boosted its stake in FISV in the latest quarter, The investment management firm added 79,274 additional shares and now holds a total of 3,584,274 shares of Fiserv Inc which is valued at $372.2 Million. Fiserv Inc makes up approx 4.20% of Findlay Park Partners Llp’s portfolio.Advantus Capital Management Inc reduced its stake in FISV by selling 364 shares or 1.64% in the most recent quarter. The Hedge Fund company now holds 21,841 shares of FISV which is valued at $2.3 Million. Fiserv Inc makes up approx 0.07% of Advantus Capital Management Inc’s portfolio.

Fiserv Inc opened for trading at $102.17 and hit $103.1 on the upside on Friday, eventually ending the session at $102.44, with a gain of 0.65% or 0.66 points. The heightened volatility saw the trading volume jump to 10,84,351 shares. Company has a market cap of $22,775,485 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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