Fiserv Inc (FISV) : Simplex Trading reduced its stake in Fiserv Inc by 75.86% during the most recent quarter end. The investment management company now holds a total of 4,778 shares of Fiserv Inc which is valued at $477,704 after selling 15,017 shares in Fiserv Inc , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Fiserv Inc makes up approximately 0.06% of Simplex Trading’s portfolio.
Other Hedge Funds, Including , Arvest Bank Trust Division reduced its stake in FISV by selling 1,280 shares or 0.49% in the most recent quarter. The Hedge Fund company now holds 259,495 shares of FISV which is valued at $25,944,310. Fiserv Inc makes up approx 2.19% of Arvest Bank Trust Division’s portfolio.Chevy Chase Trust Holdings reduced its stake in FISV by selling 6,519 shares or 3.43% in the most recent quarter. The Hedge Fund company now holds 183,659 shares of FISV which is valued at $18,308,966. Fiserv Inc makes up approx 0.10% of Chevy Chase Trust Holdings’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.
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.