Fiserv Inc

FI: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$699.00	Sjzcsn	Kgrxjcfg

Fiserv Continues to Recover in Third Quarter

Brett Horn

Oct 27, 2021

Fiserv continued to show recovery from the impact of the pandemic in the third quarter, although the pace slowed from second quarter of 2021. Overall revenue was up 10% year over year on an organic basis and margins improved. Overall, nothing in the quarter materially alters our long-term view, and we will maintain our $119 per share fair value estimate for the narrow-moat company.

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