2,741 Shares in Fiserv Inc (FISV) Acquired by Koch Industries Inc.
Koch Industries Inc. acquired a new stake in shares of Fiserv Inc (NASDAQ:FISV) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 2,741 shares of the business services provider’s stock, valued at approximately $359,000.
Other institutional investors have also recently bought and sold shares of the company. ARK Investment Management LLC bought a new stake in Fiserv during the 4th quarter valued at approximately $118,000. Univest Corp of Pennsylvania purchased a new position in shares of Fiserv during the fourth quarter valued at approximately $202,000. Coastline Trust Co purchased a new position in shares of Fiserv during the third quarter valued at approximately $202,000. Associated Banc Corp purchased a new position in shares of Fiserv during the third quarter valued at approximately $261,000. Finally, Claraphi Advisory Network LLC purchased a new position in shares of Fiserv during the fourth quarter valued at approximately $267,000. 89.49% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Denis Oleary sold 12,160 shares of the business’s stock in a transaction that occurred 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffery W. Yabuki sold 17,000 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $131.18, for a total transaction of $2,230,060.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 73,160 shares of company stock valued at $10,037,582. 1.80% of the stock is owned by company insiders.
Fiserv Inc (NASDAQ FISV) opened at $147.64 on Tuesday. Fiserv Inc has a 1-year low of $113.29 and a 1-year high of $148.65. The firm has a market cap of $30,625.49, a P/E ratio of 28.95, a P/E/G ratio of 2.07 and a beta of 0.83. 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’s stock is going to split before the market opens on Tuesday, March 20th. The 2-1 split was announced on Thursday, February 22nd. The newly created shares will be issued to shareholders after the closing bell on Monday, March 19th.
Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Wednesday, February 7th. The business services provider reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.03. Fiserv had a net margin of 21.88% and a return on equity of 44.58%. The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the business earned $1.16 EPS. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. analysts anticipate that Fiserv Inc will post 6.23 earnings per share for the current 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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