JPMorgan Chase & Co. significantly reduced its stake in Fiserv, Inc. by 61.8% in the third quarter, selling over 4 million shares and retaining approximately 2.5 million shares valued at $326 million. Despite this large sale, other institutional investors have recently increased their holdings in Fiserv. The company’s stock has faced mixed analyst sentiment, with some initiating “Buy” ratings and others maintaining “Hold,” while also dealing with activist investor pressure and a noted slowdown in its small-business POS platform.
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JPMorgan Chase & Co. Sells 4,092,854 Shares of Fiserv, Inc. $FISV
JPMorgan Chase & Co. significantly reduced its stake in Fiserv, Inc. by 61.8% in the third quarter, selling over 4 million shares and retaining approximately 2.5 million shares valued at $326 million. Despite this large sale, other institutional investors have recently increased their holdings in Fiserv. The company’s stock has faced mixed analyst sentiment, with some initiating “Buy” ratings and others maintaining “Hold,” while also dealing with activist investor pressure and a noted slowdown in its small-business POS platform.