Montag A Associates Inc Lowers stake in Fiserv Inc (FISV)

Fiserv Inc (FISV) : Montag A Associates Inc reduced its stake in Fiserv Inc by 0.32% during the most recent quarter end. The investment management company now holds a total of 64,166 shares of Fiserv Inc which is valued at $6,702,139 after selling 204 shares in Fiserv Inc , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Fiserv Inc makes up approximately 0.86% of Montag A Associates Inc’s portfolio.

Other Hedge Funds, Including , Mizuho Trust Banking Ltd. boosted its stake in FISV in the latest quarter, The investment management firm added 3,025 additional shares and now holds a total of 365,645 shares of Fiserv Inc which is valued at $38,191,620. Fiserv Inc makes up approx 0.11% of Mizuho Trust Banking Ltd.’s portfolio. Oakbrook Investments sold out all of its stake in FISV during the most recent quarter. The investment firm sold 24,450 shares of FISV which is valued $2,701,236.Boys Arnold Co Inc boosted its stake in FISV in the latest quarter, The investment management firm added 1,295 additional shares and now holds a total of 12,027 shares of Fiserv Inc which is valued at $1,326,097. Fiserv Inc makes up approx 0.22% of Boys Arnold Co Inc’s portfolio.

Fiserv Inc closed down -1.2 points or -1.14% at $103.99 with 9,75,978 shares getting traded on Monday. Post opening the session at $105.08, the shares hit an intraday low of $103.745 and an intraday high of $105.245 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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