Pittenger Anderson Inc buys $238,681,474 stake in Fiserv Inc (FISV)

Fiserv Inc (FISV) : Pittenger Anderson Inc scooped up 2,645 additional shares in Fiserv Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 2,383,954 shares of Fiserv Inc which is valued at $238,681,474.Fiserv Inc makes up approximately 26.78% of Pittenger Anderson Inc’s portfolio.

Other Hedge Funds, Including , Point72 Asia (hong Kong) Ltd added FISV to its portfolio by purchasing 205 company shares during the most recent quarter which is valued at $20,525. Fiserv Inc makes up approx 0.01% of Point72 Asia (hong Kong) Ltd’s portfolio. Quadrature Capital Ltd added FISV to its portfolio by purchasing 45,341 company shares during the most recent quarter which is valued at $4,525,032. Fiserv Inc makes up approx 0.40% of Quadrature Capital Ltd’s portfolio.Boston Family Office boosted its stake in FISV in the latest quarter, The investment management firm added 450 additional shares and now holds a total of 6,455 shares of Fiserv Inc which is valued at $633,300. Fiserv Inc makes up approx 0.09% of Boston Family Office’s portfolio.Wealthsource Partners reduced its stake in FISV by selling 776 shares or 15.46% in the most recent quarter. The Hedge Fund company now holds 4,244 shares of FISV which is valued at $418,713. Fiserv Inc makes up approx 0.16% of Wealthsource Partners’s portfolio.Huntington National Bank boosted its stake in FISV in the latest quarter, The investment management firm added 82,627 additional shares and now holds a total of 165,063 shares of Fiserv Inc which is valued at $16,268,609. Fiserv Inc makes up approx 0.32% of Huntington National Bank’s portfolio.

Fiserv Inc closed down -0.77 points or -0.73% at $104.29 with 13,71,910 shares getting traded on Monday. Post opening the session at $104.94, the shares hit an intraday low of $104.17 and an intraday high of $105.48 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 $1.14 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $1.13. The company had revenue of $1380.00 million for the quarter, compared to analysts expectations of $1400.64 million. The company’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS.

Many Wall Street Analysts have commented on Fiserv Inc. Fiserv Inc was Initiated by Pacific Crest to “Sector Weight” on Nov 18, 2016. Robert W. Baird Upgraded Fiserv Inc on Oct 28, 2016 to ” Outperform”, Price Target of the shares are set at $112.Monness Crespi & Hardt Upgraded Fiserv Inc on Oct 4, 2016 to ” Buy”, 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 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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