Wescap Management Group Lowers stake in Fiserv Inc (FISV)

Fiserv Inc (FISV) : Wescap Management Group reduced its stake in Fiserv Inc by 5.68% during the most recent quarter end. The investment management company now holds a total of 22,187 shares of Fiserv Inc which is valued at $2,293,248 after selling 1,335 shares in Fiserv Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Fiserv Inc makes up approximately 1.08% of Wescap Management Group’s portfolio.

Other Hedge Funds, Including , Cable Hill Partners added FISV to its portfolio by purchasing 85 company shares during the most recent quarter which is valued at $8,786. Fiserv Inc makes up approx 0.01% of Cable Hill Partners’s portfolio.Diam Ltd. reduced its stake in FISV by selling 3,013 shares or 12.78% in the most recent quarter. The Hedge Fund company now holds 20,562 shares of FISV which is valued at $2,147,701. Fiserv Inc makes up approx 0.03% of Diam Ltd.’s portfolio.Cutter Co Brokerage reduced its stake in FISV by selling 175 shares or 4.17% in the most recent quarter. The Hedge Fund company now holds 4,025 shares of FISV which is valued at $420,411. Fiserv Inc makes up approx 0.18% of Cutter Co Brokerage’s portfolio.Advisory Services Network reduced its stake in FISV by selling 625 shares or 6.05% in the most recent quarter. The Hedge Fund company now holds 9,705 shares of FISV which is valued at $1,067,550. Fiserv Inc makes up approx 0.24% of Advisory Services Network’s portfolio.

Fiserv Inc closed down -0.19 points or -0.18% at $103.28 with 5,89,322 shares getting traded on Monday. Post opening the session at $103.45, the shares hit an intraday low of $103.19 and an intraday high of $104 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 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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