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Video: What is a Stock Split?
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Fiserv is a global provider of payments and financial services technology solutions. Co. serves clients around the globe, including merchants, banks, credit unions, other financial institutions and corporate clients. Co.'s operations are comprised of: Merchant Acceptance, which enables businesses to accept consumers' electronic payment transactions online or in-person; Financial Technology, which provides financial institutions around the world with the technology solutions they need to run their operations; and Payments and Network, which provides financial institutions and corporate clients around the world with the products and services required to process digital payment transactions. According to our FISV split history records, FISV has had 8 splits. | |
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FISV (FISV) has 8 splits in our FISV split history database. The first split for FISV took place on July 02, 1991. This was a 3 for 2
split, meaning for each 2
shares of FISV owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. FISV's second split took place on June 01, 1992. This was a 3 for 2
split, meaning for each 2
shares of FISV owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split. FISV's third split took place on May 03, 1993. This was a 3 for 2
split, meaning for each 2
shares of FISV owned pre-split, the shareholder now owned 3 shares. For example, a 2250 share position pre-split, became a 3375 share position following the split. FISV's 4th split took place on June 01, 1998. This was a 3 for 2
split, meaning for each 2
shares of FISV owned pre-split, the shareholder now owned 3 shares. For example, a 3375 share position pre-split, became a 5062.5 share position following the split. FISV's 5th split took place on May 03, 1999. This was a 3 for 2
split, meaning for each 2
shares of FISV owned pre-split, the shareholder now owned 3 shares. For example, a 5062.5 share position pre-split, became a 7593.75 share position following the split. FISV's 6th split took place on September 04, 2001. This was a 3 for 2 split, meaning for each 2 shares of FISV owned pre-split, the shareholder now owned 3 shares. For example, a 7593.75 share position pre-split, became a 11390.625 share position following the split. FISV's 7th split took place on December 17, 2013. This was a 2 for 1 split, meaning for each share of FISV owned pre-split, the shareholder now owned 2 shares. For example, a 11390.625 share position pre-split, became a 22781.25 share position following the split. FISV's 8th split took place on March 20, 2018. This was a 2 for 1 split, meaning for each share of FISV owned pre-split, the shareholder now owned 2 shares. For example, a 22781.25 share position pre-split, became a 45562.5 share position following the split.
When a company such as FISV splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the FISV split history from start to finish, an original position size of 1000 shares would have turned into 45562.5 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into FISV shares, starting with a $10,000 purchase of FISV, presented on a split-history-adjusted basis factoring in the complete FISV split history.

Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
02/12/2015 |
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End date: |
06/06/2023 |
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Start price/share: |
$39.23 |
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End price/share: |
$114.23 |
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Dividends collected/share: |
$0.00 |
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Total return: |
191.18% |
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Average Annual Total Return: |
13.72% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$29,126.43 |
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Years: |
8.32 |
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Date |
Ratio |
07/02/1991 | 3 for 2
| 06/01/1992 | 3 for 2
| 05/03/1993 | 3 for 2
| 06/01/1998 | 3 for 2
| 05/03/1999 | 3 for 2
| 09/04/2001 | 3 for 2 | 12/17/2013 | 2 for 1 | 03/20/2018 | 2 for 1 |
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