JPMorgan Chase & Co. Sells 4,092,854 Shares of Fiserv, Inc. $FISV

JPMorgan Chase & Co. reduced its position in Fiserv, Inc. (NASDAQ:FISVFree Report) by 61.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,528,568 shares of the business services provider’s stock after selling 4,092,854 shares during the period. JPMorgan Chase & Co. owned 0.47% of Fiserv worth $326,024,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC grew its holdings in Fiserv by 91.9% in the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock worth $872,000 after purchasing an additional 2,033 shares during the last quarter. Bison Wealth LLC boosted its position in shares of Fiserv by 5.3% in the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after purchasing an additional 116 shares in the last quarter. Chicago Partners Investment Group LLC grew its stake in Fiserv by 31.0% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 2,005 shares of the business services provider’s stock worth $346,000 after buying an additional 474 shares during the last quarter. Schnieders Capital Management LLC. increased its position in Fiserv by 21.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 2,782 shares of the business services provider’s stock valued at $480,000 after buying an additional 483 shares in the last quarter. Finally, Whittier Trust Co. increased its position in Fiserv by 99.6% during the 2nd quarter. Whittier Trust Co. now owns 6,613 shares of the business services provider’s stock valued at $1,140,000 after buying an additional 3,300 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

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Insider Activity

In related news, CFO Paul M. Todd purchased 17,000 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was bought at an average cost of $62.41 per share, with a total value of $1,060,970.00. Following the completion of the acquisition, the chief financial officer owned 24,453 shares of the company’s stock, valued at $1,526,111.73. The trade was a 228.10% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Adam L. Rosman acquired 7,900 shares of the stock in a transaction on Tuesday, December 2nd. The stock was bought at an average price of $63.19 per share, for a total transaction of $499,201.00. Following the transaction, the insider owned 61,285 shares in the company, valued at approximately $3,872,599.15. This represents a 14.80% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on FISV. Oppenheimer restated an “outperform” rating and set a $91.00 price target on shares of Fiserv in a research note on Thursday, October 30th. BNP Paribas Exane lifted their target price on shares of Fiserv from $62.00 to $64.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 11th. B. Riley Financial reissued a “neutral” rating and set a $72.00 target price (down previously from $76.00) on shares of Fiserv in a research report on Wednesday, February 11th. Citigroup reaffirmed a “neutral” rating and issued a $68.00 price target (down previously from $75.00) on shares of Fiserv in a report on Wednesday, February 11th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Fiserv from $85.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday, February 11th. Ten investment analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $110.16.

Read Our Latest Analysis on FISV

Fiserv Stock Down 2.3%

FISV stock opened at $61.53 on Friday. The company has a market capitalization of $33.45 billion, a P/E ratio of 9.71, a price-to-earnings-growth ratio of 1.93 and a beta of 0.78. Fiserv, Inc. has a 12 month low of $57.79 and a 12 month high of $238.59. The firm’s fifty day simple moving average is $65.40 and its 200-day simple moving average is $93.44. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.03 and a quick ratio of 1.08.

Fiserv (NASDAQ:FISVGet Free Report) last issued its earnings results on Tuesday, February 10th. The business services provider reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.09. Fiserv had a net margin of 16.42% and a return on equity of 18.39%. The firm had revenue of $4.90 billion during the quarter, compared to analysts’ expectations of $4.78 billion. During the same quarter last year, the company posted $2.51 earnings per share. The firm’s revenue was up .6% compared to the same quarter last year. Fiserv has set its FY 2026 guidance at 8.000-8.300 EPS. As a group, equities research analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv Company Profile

(Free Report)

Fiserv, Inc, founded in 1984 and headquartered in Brookfield, Wisconsin, is a global provider of financial services technology. The company develops and delivers integrated solutions for payments, processing, risk and compliance, customer and channel management, and business insights and optimization. Serving thousands of clients, Fiserv supports banks, credit unions, securities broker-dealers, leasing and finance companies, and retailers.

Fiserv’s core offerings include account processing systems that automate deposit, lending and transaction processing for financial institutions, as well as digital banking platforms that enable mobile and online banking services.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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