Fiserv Inc (FISV) : Johnson Financial Group scooped up 1,666 additional shares in Fiserv Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 90,985 shares of Fiserv Inc which is valued at $9,404,210.Fiserv Inc makes up approximately 1.25% of Johnson Financial Group’s portfolio.
Other Hedge Funds, Including , Loomis Sayles Co L P added FISV to its portfolio by purchasing 42 company shares during the most recent quarter which is valued at $4,341.Pacad Investment Ltd. reduced its stake in FISV by selling 2,035 shares or 15.63% in the most recent quarter. The Hedge Fund company now holds 10,985 shares of FISV which is valued at $1,135,410. Fiserv Inc makes up approx 0.15% of Pacad Investment Ltd.’s portfolio.Boston Financial Mangement reduced its stake in FISV by selling 15 shares or 0.34% in the most recent quarter. The Hedge Fund company now holds 4,390 shares of FISV which is valued at $453,750. Fiserv Inc makes up approx 0.04% of Boston Financial Mangement’s portfolio.Victory Capital Management Inc boosted its stake in FISV in the latest quarter, The investment management firm added 324 additional shares and now holds a total of 11,962 shares of Fiserv Inc which is valued at $1,236,751.Denver Investment Advisors reduced its stake in FISV by selling 15,800 shares or 28.67% in the most recent quarter. The Hedge Fund company now holds 39,303 shares of FISV which is valued at $4,063,537. Fiserv Inc makes up approx 0.17% of Denver Investment Advisors’s portfolio.
Fiserv Inc closed down -0.19 points or -0.18% at $103.28 with 5,89,322 shares getting traded on Monday. Post opening the session at $103.45, the shares hit an intraday low of $103.19 and an intraday high of $104 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Fiserv Inc reported $1.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $1.07. The company had revenue of $1363.00 million for the quarter, compared to analysts expectations of $1379.29 million. The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 EPS.
Many Wall Street Analysts have commented on Fiserv Inc. Company shares were Reiterated by Barclays on Jul 7, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 100 from a previous price target of $93 .
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.