Pittenger Anderson Inc buys $247,632,323 stake in Fiserv Inc (FISV)

Fiserv Inc (FISV) : Pittenger Anderson Inc scooped up 3,775 additional shares in Fiserv Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 2,381,309 shares of Fiserv Inc which is valued at $247,632,323.Fiserv Inc makes up approximately 26.98% of Pittenger Anderson Inc’s portfolio.

Other Hedge Funds, Including , First Interstate Bank reduced its stake in FISV by selling 160 shares or 10.53% in the most recent quarter. The Hedge Fund company now holds 1,360 shares of FISV which is valued at $140,610. Fiserv Inc makes up approx 0.03% of First Interstate Bank’s portfolio.Boston Family Office boosted its stake in FISV in the latest quarter, The investment management firm added 2,700 additional shares and now holds a total of 6,005 shares of Fiserv Inc which is valued at $631,666. Fiserv Inc makes up approx 0.08% of Boston Family Office’s portfolio.Appleton Partners Incma boosted its stake in FISV in the latest quarter, The investment management firm added 95 additional shares and now holds a total of 2,705 shares of Fiserv Inc which is valued at $282,537. Fiserv Inc makes up approx 0.06% of Appleton Partners Incma’s portfolio.Peddock Capital Advisors boosted its stake in FISV in the latest quarter, The investment management firm added 278 additional shares and now holds a total of 12,732 shares of Fiserv Inc which is valued at $1,403,830. Fiserv Inc makes up approx 0.88% of Peddock Capital Advisors’s portfolio.

Fiserv Inc opened for trading at $101.79 and hit $102.82 on the upside on Wednesday, eventually ending the session at $102.78, with a gain of 1.22% or 1.24 points. The heightened volatility saw the trading volume jump to 13,22,587 shares. Company has a market cap of $22,593 M.

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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