Fiserv Inc (FISV) : Arvest Bank Trust Division reduced its stake in Fiserv Inc by 0.49% during the most recent quarter end. The investment management company now holds a total of 259,495 shares of Fiserv Inc which is valued at $25,944,310 after selling 1,280 shares in Fiserv Inc , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Fiserv Inc makes up approximately 2.19% of Arvest Bank Trust Division’s portfolio.
Other Hedge Funds, Including , Trust Co Of Oklahoma reduced its stake in FISV by selling 295 shares or 1.52% in the most recent quarter. The Hedge Fund company now holds 19,124 shares of FISV which is valued at $1,912,018. Fiserv Inc makes up approx 1.06% of Trust Co Of Oklahoma’s portfolio.Indiana Trust Investment Management Co reduced its stake in FISV by selling 220 shares or 0.68% in the most recent quarter. The Hedge Fund company now holds 32,089 shares of FISV which is valued at $3,198,952. Fiserv Inc makes up approx 1.68% of Indiana Trust Investment Management Co’s portfolio.North Star Asset Management Inc reduced its stake in FISV by selling 3,540 shares or 3.46% in the most recent quarter. The Hedge Fund company now holds 98,859 shares of FISV which is valued at $9,855,254. Fiserv Inc makes up approx 1.11% of North Star Asset Management Inc’s portfolio.Eqis Capital Management boosted its stake in FISV in the latest quarter, The investment management firm added 350 additional shares and now holds a total of 12,378 shares of Fiserv Inc which is valued at $1,233,963. Fiserv Inc makes up approx 0.08% of Eqis Capital Management’s portfolio. West Oak Capital added FISV to its portfolio by purchasing 75 company shares during the most recent quarter which is valued at $7,477. Fiserv Inc makes up approx 0.01% of West Oak Capital’s portfolio.
Fiserv Inc closed down -0.83 points or -0.82% at $99.98 with 15,35,763 shares getting traded on Friday. Post opening the session at $100.88, the shares hit an intraday low of $99.36 and an intraday high of $100.88 and the price fluctuated in this range throughout the day.Shares ended Friday 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. 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 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.