Buckley Wealth Management LLC Has $823,000 Stock Position in Fiserv Inc (NASDAQ:FISV)

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Buckley Wealth Management LLC lowered its holdings in shares of Fiserv Inc (NASDAQ:FISV) by 3.2% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,945 shares of the business services provider’s stock after selling 265 shares during the period. Buckley Wealth Management LLC’s holdings in Fiserv were worth $823,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of FISV. Price T Rowe Associates Inc. MD raised its holdings in shares of Fiserv by 8.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 51,136,590 shares of the business services provider’s stock worth $4,661,611,000 after buying an additional 3,933,642 shares in the last quarter. Waddell & Reed Financial Inc. grew its position in Fiserv by 302.5% during the 2nd quarter. Waddell & Reed Financial Inc. now owns 2,670,227 shares of the business services provider’s stock worth $243,418,000 after acquiring an additional 2,006,798 shares during the last quarter. Nuveen Asset Management LLC grew its position in Fiserv by 2,018.4% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,904,545 shares of the business services provider’s stock worth $173,618,000 after acquiring an additional 1,814,639 shares during the last quarter. Marshall Wace North America L.P. grew its position in Fiserv by 444.8% during the 1st quarter. Marshall Wace North America L.P. now owns 1,354,485 shares of the business services provider’s stock worth $119,574,000 after acquiring an additional 1,105,887 shares during the last quarter. Finally, BlackRock Inc. grew its position in Fiserv by 2.8% during the 2nd quarter. BlackRock Inc. now owns 32,487,873 shares of the business services provider’s stock worth $2,961,594,000 after acquiring an additional 883,535 shares during the last quarter. 87.43% of the stock is owned by institutional investors.

In other Fiserv news, Chairman Jeffery W. Yabuki sold 20,000 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $103.20, for a total value of $2,064,000.00. Following the sale, the chairman now owns 330,629 shares in the company, valued at approximately $34,120,912.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffery W. Yabuki sold 25,000 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $103.67, for a total value of $2,591,750.00. Following the completion of the sale, the chief executive officer now owns 271,229 shares in the company, valued at approximately $28,118,310.43. The disclosure for this sale can be found here. Insiders sold a total of 141,000 shares of company stock worth $14,713,000 in the last quarter. Corporate insiders own 1.40% of the company’s stock.

Shares of NASDAQ FISV traded up $0.56 during trading on Friday, reaching $105.70. The company had a trading volume of 116,143 shares, compared to its average volume of 3,655,562. The company’s fifty day moving average price is $105.03 and its 200-day moving average price is $95.00. Fiserv Inc has a 12 month low of $68.45 and a 12 month high of $109.92. The stock has a market cap of $40.52 billion, a P/E ratio of 34.09, a PEG ratio of 2.24 and a beta of 0.79. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 5.40.

Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Thursday, July 25th. The business services provider reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.02. Fiserv had a return on equity of 53.08% and a net margin of 16.08%. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the company posted $0.75 EPS. The business’s revenue was up 6.5% on a year-over-year basis. As a group, equities analysts predict that Fiserv Inc will post 3.83 earnings per share for the current year.

A number of equities research analysts recently weighed in on the company. Citigroup upgraded Fiserv from a “neutral” rating to a “buy” rating in a research report on Thursday, August 29th. BidaskClub upgraded Fiserv from a “hold” rating to a “buy” rating in a research report on Friday, October 4th. Deutsche Bank upgraded Fiserv from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $100.00 to $120.00 in a research report on Tuesday, July 30th. Wells Fargo & Co assumed coverage on Fiserv in a research report on Wednesday, June 19th. They set an “outperform” rating and a $110.00 price objective on the stock. Finally, Canaccord Genuity assumed coverage on Fiserv in a research report on Thursday, September 12th. They set a “buy” rating and a $130.00 price objective on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-two have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $102.88.

Fiserv Company Profile

Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.

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Institutional Ownership by Quarter for Fiserv (NASDAQ:FISV)

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