New South Capital Management Inc buys $172.4 Million stake in Fiserv Inc (FISV)

Fiserv Inc (FISV) : New South Capital Management Inc scooped up 7,132 additional shares in Fiserv Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 1,660,466 shares of Fiserv Inc which is valued at $172.4 Million.Fiserv Inc makes up approximately 4.18% of New South Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Comerica Bank reduced its stake in FISV by selling 23,382 shares or 16.09% in the most recent quarter. The Hedge Fund company now holds 121,931 shares of FISV which is valued at $12.7 Million. Fiserv Inc makes up approx 0.12% of Comerica Bank’s portfolio.Boston Financial Mangement Inc reduced its stake in FISV by selling 200 shares or 4.34% in the most recent quarter. The Hedge Fund company now holds 4,405 shares of FISV which is valued at $452,129. Fiserv Inc makes up approx 0.07% of Boston Financial Mangement Inc’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 $13.8 Million. Fiserv Inc makes up approx 0.38% of Scout Investments’s portfolio.Tarbox Group boosted its stake in FISV in the latest quarter, The investment management firm added 13 additional shares and now holds a total of 148 shares of Fiserv Inc which is valued at $14,463. Fiserv Inc makes up approx 0.01% of Tarbox Group’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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