JPMorgan Chase & Co. Buys 275,602 Shares of Fiserv, Inc. (NASDAQ:FISV)

JPMorgan Chase & Co. grew its stake in shares of Fiserv, Inc. (NASDAQ:FISVGet Rating) by 16.1% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 1,991,281 shares of the business services provider’s stock after acquiring an additional 275,602 shares during the quarter. JPMorgan Chase & Co.’s holdings in Fiserv were worth $177,166,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Meeder Asset Management Inc. bought a new stake in shares of Fiserv during the 1st quarter worth $724,000. Welch & Forbes LLC lifted its position in shares of Fiserv by 0.9% during the 2nd quarter. Welch & Forbes LLC now owns 927,372 shares of the business services provider’s stock worth $82,509,000 after buying an additional 8,383 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of Fiserv by 6.7% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 136,377 shares of the business services provider’s stock worth $12,268,000 after buying an additional 8,591 shares during the last quarter. Tcwp LLC bought a new stake in shares of Fiserv during the 1st quarter worth $90,000. Finally, Financial Counselors Inc. bought a new stake in shares of Fiserv during the 2nd quarter worth $371,000. 94.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Raymond James dropped their price objective on Fiserv from $117.00 to $109.00 and set an “outperform” rating for the company in a research report on Tuesday, October 18th. Atlantic Securities downgraded Fiserv from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $130.00 to $105.00 in a research report on Wednesday, October 12th. Citigroup dropped their target price on Fiserv from $122.00 to $115.00 in a research report on Friday, October 28th. Mizuho increased their target price on Fiserv from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, August 1st. Finally, Moffett Nathanson dropped their target price on Fiserv to $140.00 in a research report on Tuesday, November 1st. Ten analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Fiserv has an average rating of “Moderate Buy” and an average price target of $123.38.

Insider Buying and Selling at Fiserv

In other Fiserv news, Director Harry Disimone sold 2,706 shares of the firm’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $108.72, for a total value of $294,196.32. Following the completion of the sale, the director now owns 12,947 shares of the company’s stock, valued at $1,407,597.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Harry Disimone sold 2,706 shares of the firm’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $108.72, for a total value of $294,196.32. Following the transaction, the director now owns 12,947 shares in the company, valued at $1,407,597.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Guy Chiarello sold 4,550 shares of the firm’s stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $103.30, for a total value of $470,015.00. Following the completion of the transaction, the chief operating officer now owns 224,003 shares in the company, valued at approximately $23,139,509.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,256 shares of company stock valued at $1,164,211. Company insiders own 1.00% of the company’s stock.

Fiserv Trading Up 1.3 %

Shares of Fiserv stock opened at $99.86 on Monday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.06 and a current ratio of 1.06. Fiserv, Inc. has a 52 week low of $87.03 and a 52 week high of $110.99. The stock has a 50 day moving average price of $98.94 and a two-hundred day moving average price of $98.94. The stock has a market capitalization of $63.41 billion, a PE ratio of 31.30, a price-to-earnings-growth ratio of 1.17 and a beta of 0.89.

About Fiserv

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Fiserv, Inc, together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; Clover, a cloud-based point-of-sale and business management platform; and Clover Connect, an independent software vendors platform.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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