Brown Advisory Inc. Acquires 608 Shares of Fiserv Inc (FISV)
Brown Advisory Inc. increased its holdings in shares of Fiserv Inc (NASDAQ:FISV) by 8.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 7,582 shares of the business services provider’s stock after purchasing an additional 608 shares during the quarter. Brown Advisory Inc.’s holdings in Fiserv were worth $995,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Victory Capital Management Inc. increased its stake 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 valued at $3,464,000 after purchasing an additional 3,393 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in Fiserv by 815.5% in the third quarter. Canada Pension Plan Investment Board now owns 67,245 shares of the business services provider’s stock valued at $8,672,000 after purchasing an additional 59,900 shares in the last quarter. Dupont Capital Management Corp increased its stake in Fiserv by 56.2% in the third quarter. Dupont Capital Management Corp now owns 20,257 shares of the business services provider’s stock valued at $2,612,000 after purchasing an additional 7,290 shares in the last quarter. Forsta AP Fonden increased its stake in Fiserv by 14.5% in the third quarter. Forsta AP Fonden now owns 63,216 shares of the business services provider’s stock valued at $8,152,000 after purchasing an additional 7,986 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Fiserv by 2.1% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 33,167 shares of the business services provider’s stock valued at $4,277,000 after purchasing an additional 676 shares in the last quarter. 86.71% of the stock is owned by institutional investors and hedge funds.
In related news, insider Jeffery W. Yabuki sold 17,000 shares of the stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $131.18, for a total transaction of $2,230,060.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Byron C. Vielehr sold 10,000 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $131.03, for a total transaction of $1,310,300.00. Following the transaction, the insider now owns 19,719 shares of the company’s stock, valued at approximately $2,583,780.57. The disclosure for this sale can be found here. Insiders have sold 76,599 shares of company stock valued at $10,489,845 in the last 90 days. 1.80% of the stock is currently owned by corporate insiders.
Fiserv Inc (NASDAQ:FISV) opened at $143.98 on Friday. Fiserv Inc has a 1-year low of $113.29 and a 1-year high of $147.43. The company has a market cap of $30,450.00, a price-to-earnings ratio of 32.43, a P/E/G ratio of 1.98 and a beta of 0.83. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.79.
Shares of Fiserv are going to split 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 closing bell on Monday, March 19th.
Fiserv (NASDAQ:FISV) last announced its earnings results on Wednesday, February 7th. The business services provider reported $1.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.03. Fiserv had a net margin of 21.88% and a return on equity of 44.58%. The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the prior year, the company posted $1.16 earnings per share. The firm’s revenue was up 5.9% on a year-over-year basis. analysts forecast 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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