AMP Capital Investors Ltd lifted its holdings in shares of Fiserv Inc (NASDAQ:FISV) by 0.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,240 shares of the business services provider’s stock after purchasing an additional 893 shares during the period. AMP Capital Investors Ltd’s holdings in Fiserv were worth $12,621,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the stock. Victory Capital Management Inc. boosted its holdings in Fiserv by 14.5% in the third quarter. Victory Capital Management Inc. now owns 26,861 shares of the business services provider’s stock worth $3,464,000 after acquiring an additional 3,393 shares in the last quarter. Bessemer Group Inc. boosted its holdings in Fiserv by 74.8% in the third quarter. Bessemer Group Inc. now owns 3,642 shares of the business services provider’s stock worth $470,000 after acquiring an additional 1,559 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its holdings in Fiserv by 14.3% in the third quarter. Candriam Luxembourg S.C.A. now owns 23,075 shares of the business services provider’s stock worth $2,976,000 after acquiring an additional 2,881 shares in the last quarter. Global X MANAGEMENT CO LLC boosted its holdings in Fiserv by 76.2% in the third quarter. Global X MANAGEMENT CO LLC now owns 12,555 shares of the business services provider’s stock worth $1,619,000 after acquiring an additional 5,430 shares in the last quarter. Finally, Sei Investments Co. raised its stake in shares of Fiserv by 6.4% in the third quarter. Sei Investments Co. now owns 132,988 shares of the business services provider’s stock worth $17,151,000 after purchasing an additional 8,035 shares during the last quarter. Institutional investors own 89.49% of the company’s stock.
In other news, Director Harry Disimone acquired 353 shares of Fiserv stock in a transaction on Wednesday, February 21st. The stock was acquired at an average cost of $141.59 per share, with a total value of $49,981.27. Following the completion of the acquisition, the director now owns 154 shares in the company, valued at $21,804.86. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Denis Oleary sold 12,160 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $142.64, for a total value of $1,734,502.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,160 shares of company stock valued at $10,037,582. 1.80% of the stock is owned by corporate insiders.
Shares of Fiserv Inc (NASDAQ FISV) opened at $147.50 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.79. The company has a market capitalization of $30,550.00, a P/E ratio of 33.22, a P/E/G ratio of 2.07 and a beta of 0.83. Fiserv Inc has a 52-week low of $113.29 and a 52-week high of $148.65.
Fiserv shares are set to split before the market opens on Tuesday, March 20th. The 2-1 split was announced on Thursday, February 22nd. The newly issued shares will be distributed to shareholders after the market closes on Monday, March 19th.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.41 EPS for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.03. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.51 billion. Fiserv had a return on equity of 44.58% and a net margin of 21.88%. Fiserv’s revenue was up 5.9% on a year-over-year basis. During the same period last year, the business posted $1.16 earnings per share. research analysts anticipate that Fiserv Inc will post 6.23 EPS for the current fiscal year.
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Fiserv, Inc is a provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services, such as electronic bill payments, transaction processing, account-to-account transfers, and person-to-person payments; Internet and mobile banking systems, and related services, including document and payment card production and distribution, and lending and risk management products and services.
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