Smithbridge Asset Management Incde Lowers stake in Fiserv Inc (FISV)

Fiserv Inc (FISV) : Smithbridge Asset Management Incde reduced its stake in Fiserv Inc by 8.65% during the most recent quarter end. The investment management company now holds a total of 14,250 shares of Fiserv Inc which is valued at $1,472,880 after selling 1,350 shares in Fiserv Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Fiserv Inc makes up approximately 1.33% of Smithbridge Asset Management Incde’s portfolio.

Other Hedge Funds, Including , Baird Financial Group reduced its stake in FISV by selling 79,625 shares or 8.23% in the most recent quarter. The Hedge Fund company now holds 888,102 shares of FISV which is valued at $91,794,223. Fiserv Inc makes up approx 0.80% of Baird Financial Group’s portfolio.Calamos Advisors boosted its stake in FISV in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 65,642 shares of Fiserv Inc which is valued at $7,220,620. Fiserv Inc makes up approx 0.07% of Calamos Advisors’s portfolio.First National Bank Of Omaha reduced its stake in FISV by selling 2,140 shares or 9.13% in the most recent quarter. The Hedge Fund company now holds 21,309 shares of FISV which is valued at $2,363,381. Fiserv Inc makes up approx 0.18% of First National Bank Of Omaha’s portfolio.Hills Bank Trust Co reduced its stake in FISV by selling 825 shares or 1.69% in the most recent quarter. The Hedge Fund company now holds 48,021 shares of FISV which is valued at $5,326,009. Fiserv Inc makes up approx 1.90% of Hills Bank Trust Co’s portfolio.

Fiserv Inc opened for trading at $103 and hit $104.46 on the upside on Tuesday, eventually ending the session at $104.12, with a gain of 1.24% or 1.28 points. The heightened volatility saw the trading volume jump to 13,22,306 shares. Company has a market cap of $22,887 M.

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 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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