Liberty Capital Management buys $3,814,708 stake in Fiserv Inc (FISV)

Fiserv Inc (FISV) : Liberty Capital Management scooped up 510 additional shares in Fiserv Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 36,907 shares of Fiserv Inc which is valued at $3,814,708.Fiserv Inc makes up approximately 2.78% of Liberty Capital Management’s portfolio.

Other Hedge Funds, Including , Lpl Financial reduced its stake in FISV by selling 31,138 shares or 81.53% in the most recent quarter. The Hedge Fund company now holds 7,056 shares of FISV which is valued at $729,308. Fiserv Inc makes up approx 0.01% of Lpl Financial’s portfolio.Atlantic Trust Group boosted its stake in FISV in the latest quarter, The investment management firm added 24,708 additional shares and now holds a total of 1,216,219 shares of Fiserv Inc which is valued at $125,708,396. Fiserv Inc makes up approx 0.88% of Atlantic Trust Group’s portfolio.Oppenheimer Co Inc boosted its stake in FISV in the latest quarter, The investment management firm added 1,783 additional shares and now holds a total of 15,718 shares of Fiserv Inc which is valued at $1,625,084. Fiserv Inc makes up approx 0.05% of Oppenheimer Co Inc’s portfolio.Advisors Asset Management reduced its stake in FISV by selling 4,216 shares or 8.18% in the most recent quarter. The Hedge Fund company now holds 47,342 shares of FISV which is valued at $4,894,689. Fiserv Inc makes up approx 0.08% of Advisors Asset Management’s portfolio. Gabelli Funds added FISV to its portfolio by purchasing 18,000 company shares during the most recent quarter which is valued at $1,893,420. Fiserv Inc makes up approx 0.01% of Gabelli Funds’s portfolio.

Fiserv Inc opened for trading at $103.09 and hit $104 on the upside on Thursday, eventually ending the session at $103.8, with a gain of 0.73% or 0.75 points. The heightened volatility saw the trading volume jump to 7,18,174 shares. Company has a market cap of $22,817 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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