1st Global Advisors buys $2,518,171 stake in Fiserv Inc (FISV)

Fiserv Inc (FISV) : 1st Global Advisors scooped up 381 additional shares in Fiserv Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 21, 2016. The investment management firm now holds a total of 22,793 shares of Fiserv Inc which is valued at $2,518,171.Fiserv Inc makes up approximately 0.34% of 1st Global Advisors’s portfolio.

Other Hedge Funds, Including , Martin Investment Management reduced its stake in FISV by selling 31,043 shares or 12.09% in the most recent quarter. The Hedge Fund company now holds 225,624 shares of FISV which is valued at $24,926,940. Fiserv Inc makes up approx 4.02% of Martin Investment Management’s portfolio.Dearborn Partners reduced its stake in FISV by selling 250 shares or 6.1% in the most recent quarter. The Hedge Fund company now holds 3,850 shares of FISV which is valued at $427,004. Fiserv Inc makes up approx 0.04% of Dearborn Partners’s portfolio.Punch Associates Investment Management reduced its stake in FISV by selling 14,040 shares or 22.89% in the most recent quarter. The Hedge Fund company now holds 47,305 shares of FISV which is valued at $5,215,849. Fiserv Inc makes up approx 0.58% of Punch Associates Investment Management’s portfolio.Daiwa Sb Investments Ltd. reduced its stake in FISV by selling 2,720 shares or 27.42% in the most recent quarter. The Hedge Fund company now holds 7,200 shares of FISV which is valued at $789,768. Fiserv Inc makes up approx 0.23% of Daiwa Sb Investments Ltd.’s portfolio.Capital Investment Services Of America reduced its stake in FISV by selling 4,144 shares or 2.58% in the most recent quarter. The Hedge Fund company now holds 156,540 shares of FISV which is valued at $17,170,873. Fiserv Inc makes up approx 3.23% of Capital Investment Services Of America’s portfolio.

Fiserv Inc opened for trading at $109.84 and hit $110.9 on the upside on Thursday, eventually ending the session at $110.71, with a gain of 0.65% or 0.71 points. The heightened volatility saw the trading volume jump to 8,56,844 shares. Company has a market cap of $24,614 M.

On the company’s financial health, Fiserv Inc reported $1.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on May 5, 2016. Analyst had a consensus of $1.02. The company had revenue of $1331.00 million for the quarter, compared to analysts expectations of $1338.22 million. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 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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