Integrated Investment Consultants Lowers stake in Fiserv Inc (FISV)

Fiserv Inc (FISV) : Integrated Investment Consultants reduced its stake in Fiserv Inc by 0.5% during the most recent quarter end. The investment management company now holds a total of 5,746 shares of Fiserv Inc which is valued at $574,945 after selling 29 shares in Fiserv Inc , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Fiserv Inc makes up approximately 0.29% of Integrated Investment Consultants’s portfolio.

Other Hedge Funds, Including , Webster Bank N. A. boosted its stake in FISV in the latest quarter, The investment management firm added 404 additional shares and now holds a total of 36,977 shares of Fiserv Inc which is valued at $3,699,919. Fiserv Inc makes up approx 0.55% of Webster Bank N. A.’s portfolio.Legacy Private Trust boosted its stake in FISV in the latest quarter, The investment management firm added 42 additional shares and now holds a total of 113,978 shares of Fiserv Inc which is valued at $11,298,639. Fiserv Inc makes up approx 1.56% of Legacy Private Trust’s portfolio.Arvest Bank Trust Division reduced its stake in FISV by selling 1,280 shares or 0.49% in the most recent quarter. The Hedge Fund company now holds 259,495 shares of FISV which is valued at $25,944,310. Fiserv Inc makes up approx 2.19% of Arvest Bank Trust Division’s portfolio. Franklin Street Advisors Inc Nc sold out all of its stake in FISV during the most recent quarter. The investment firm sold 1,930 shares of FISV which is valued $192,402.

Fiserv Inc opened for trading at $98.5 and hit $100.83 on the upside on Friday, eventually ending the session at $100.06, with a gain of 0.33% or 0.33 points. The heightened volatility saw the trading volume jump to 9,39,365 shares. Company has a market cap of $21,995 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. Monness Crespi & Hardt Upgraded Fiserv Inc on Oct 4, 2016 to ” Buy”, Price Target of the shares are set at $115.Wedbush Initiated Fiserv Inc on Sep 9, 2016 to “Outperform”, Price Target of the shares are set at $115.

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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