Fiserv (FISV, Financial), a long time holding, was another top performer for the year. The Wisconsin-based financial services technology company successfully integrated its recent acquisition of First Data Corp. (FDC), resulting in strong financial performance and a solid move in the stock. This acquisition makes Fiserv a global leader in digital banking solutions, payment card processing, network services and e-commerce solutions for small regional and community banks.
From Mairs and Power (Trades, Portfolio)'s Growth Fund fourth-quarter 2019 shareholder letter.
