Elefante Mark B Lowers stake in Fiserv Inc (FISV)

Fiserv Inc (FISV) : Elefante Mark B reduced its stake in Fiserv Inc by 2.91% during the most recent quarter end. The investment management company now holds a total of 5,010 shares of Fiserv Inc which is valued at $517,984 after selling 150 shares in Fiserv Inc , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Fiserv Inc makes up approximately 7.60% of Elefante Mark B’s portfolio.

Other Hedge Funds, Including , Geneva Advisors reduced its stake in FISV by selling 721 shares or 9.81% in the most recent quarter. The Hedge Fund company now holds 6,630 shares of FISV which is valued at $685,476. Fiserv Inc makes up approx 0.01% of Geneva Advisors’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in FISV by selling 10,839 shares or 19.28% in the most recent quarter. The Hedge Fund company now holds 45,377 shares of FISV which is valued at $4,739,628. Fiserv Inc makes up approx 0.10% of Oregon Public Employees Retirement Fund’s portfolio. Spectrum Management Group sold out all of its stake in FISV during the most recent quarter. The investment firm sold 200 shares of FISV which is valued $22,072.Capital City Trust Cofl reduced its stake in FISV by selling 1,055 shares or 2.73% in the most recent quarter. The Hedge Fund company now holds 37,577 shares of FISV which is valued at $4,151,507. Fiserv Inc makes up approx 1.63% of Capital City Trust Cofl’s portfolio.Central Bank Trust Co reduced its stake in FISV by selling 14,761 shares or 21.05% in the most recent quarter. The Hedge Fund company now holds 55,365 shares of FISV which is valued at $6,121,708. Fiserv Inc makes up approx 1.72% of Central Bank Trust Co’s portfolio.

Fiserv Inc closed down -0.39 points or -0.38% at $102.97 with 7,58,645 shares getting traded on Monday. Post opening the session at $103.69, the shares hit an intraday low of $102.94 and an intraday high of $103.69 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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