Fiserv Inc (FISV) : Welch Forbes scooped up 17,472 additional shares in Fiserv Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 446,505 shares of Fiserv Inc which is valued at $46,637,447.Fiserv Inc makes up approximately 1.38% of Welch Forbes’s portfolio.
Other Hedge Funds, Including , Spot Trading L.l.c added FISV to its portfolio by purchasing 7,910 company shares during the most recent quarter which is valued at $826,200. Fiserv Inc makes up approx 0.11% of Spot Trading L.l.c’s portfolio.Signaturefd boosted its stake in FISV in the latest quarter, The investment management firm added 79 additional shares and now holds a total of 716 shares of Fiserv Inc which is valued at $79,018. Fiserv Inc makes up approx 0.01% of Signaturefd’s portfolio.Candriam Luxembourg S.c.a. boosted its stake in FISV in the latest quarter, The investment management firm added 5,130 additional shares and now holds a total of 12,350 shares of Fiserv Inc which is valued at $1,358,500. Fiserv Inc makes up approx 0.03% of Candriam Luxembourg S.c.a.’s portfolio.Old Second National Bank Of Aurora boosted its stake in FISV in the latest quarter, The investment management firm added 145 additional shares and now holds a total of 20,658 shares of Fiserv Inc which is valued at $2,282,296. Fiserv Inc makes up approx 1.03% of Old Second National Bank Of Aurora’s portfolio.Capital City Trust Cofl reduced its stake in FISV by selling 1,055 shares or 2.73% in the most recent quarter. The Hedge Fund company now holds 37,577 shares of FISV which is valued at $4,151,507. Fiserv Inc makes up approx 1.63% of Capital City Trust Cofl’s portfolio.
Fiserv Inc closed down -1.2 points or -1.14% at $103.99 with 9,75,978 shares getting traded on Monday. Post opening the session at $105.08, the shares hit an intraday low of $103.745 and an intraday high of $105.245 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.