Caisse DE Depot ET Placement DU Quebec decreased its position in Fiserv Inc (NASDAQ:FISV) by 20.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,321 shares of the business services provider’s stock after selling 5,600 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Fiserv were worth $2,796,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. ARK Investment Management LLC purchased a new stake in shares of Fiserv during the fourth quarter worth $118,000. Univest Corp of Pennsylvania purchased a new stake in shares of Fiserv during the fourth quarter worth $202,000. Coastline Trust Co purchased a new stake in shares of Fiserv during the third quarter worth $202,000. Associated Banc Corp purchased a new stake in shares of Fiserv during the third quarter worth $261,000. Finally, Claraphi Advisory Network LLC purchased a new stake in shares of Fiserv during the fourth quarter worth $267,000. Institutional investors and hedge funds own 89.49% of the company’s stock.
In related news, Director Harry Disimone acquired 353 shares of Fiserv stock in a transaction dated Wednesday, February 21st. The shares were purchased at an average cost of $141.59 per share, with a total value of $49,981.27. Following the completion of the purchase, the director now owns 154 shares of the company’s stock, valued at $21,804.86. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Denis Oleary sold 12,160 shares of the firm’s stock in a transaction dated 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. In the last three months, insiders sold 73,160 shares of company stock worth $10,037,582. 1.80% of the stock is owned by insiders.
Shares of Fiserv Inc (NASDAQ FISV) opened at $147.50 on Wednesday. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.02 and a quick ratio of 1.02. Fiserv Inc has a 12-month low of $113.29 and a 12-month high of $148.65. The stock has a market capitalization of $30,550.00, a price-to-earnings ratio of 33.22, a P/E/G ratio of 2.07 and a beta of 0.83.
Shares of Fiserv are scheduled to split on Tuesday, March 20th. The 2-1 split was announced on Thursday, February 22nd. The newly issued shares will be issued to shareholders after the market closes on Monday, March 19th.
Fiserv (NASDAQ:FISV) last released its 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 business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Fiserv had a return on equity of 44.58% and a net margin of 21.88%. The firm’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.16 earnings per share. analysts expect that Fiserv Inc will post 6.23 EPS for the current fiscal year.
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Fiserv Company Profile
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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