The Manufacturers Life Insurance Company Has $35.87 Million Holdings in Fiserv Inc (NASDAQ:FISV)
The Manufacturers Life Insurance Company boosted its position in Fiserv Inc (NASDAQ:FISV) by 11.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 273,533 shares of the business services provider’s stock after purchasing an additional 27,316 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.13% of Fiserv worth $35,868,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Coastline Trust Co purchased a new stake in Fiserv in the 3rd quarter valued at $202,000. Univest Corp of Pennsylvania purchased a new stake in Fiserv in the 4th quarter valued at $202,000. Paragon Capital Management Ltd purchased a new stake in Fiserv in the 3rd quarter valued at $206,000. Associated Banc Corp purchased a new stake in Fiserv in the 3rd quarter valued at $261,000. Finally, Claraphi Advisory Network LLC purchased a new stake in Fiserv in the 4th quarter valued at $267,000. 89.49% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction dated Thursday, December 21st. The stock was 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 available through the SEC website. 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. Insiders have sold a total of 63,160 shares of company stock valued at $8,727,282 over the last 90 days. 1.80% of the stock is currently owned by company insiders.
Fiserv Inc (NASDAQ:FISV) opened at $147.67 on Friday. Fiserv Inc has a twelve month low of $113.29 and a twelve month high of $148.71. The firm has a market capitalization of $30,474.67, a price-to-earnings ratio of 25.46, a PEG ratio of 2.06 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 the morning of 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 announced its earnings results on Wednesday, February 7th. The business services provider reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.03. Fiserv had a return on equity of 44.58% and a net margin of 21.88%. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same period last year, the business posted $1.16 EPS. Fiserv’s revenue for the quarter was up 5.9% on a year-over-year basis. research analysts predict 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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