Fiserv Inc
FI: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$663.00 | Dbzdjfc | Ylcwqcvr |
Fiserv Sees Strong Growth in Q2
Fiserv reported a solid second quarter with better-than-expected growth. Overall year-over-year organic revenue growth for the quarter was 12%, a level that is well ahead of our long-term expectations. We continue to believe that the shares are undervalued and that the market is underestimating the company's long-term growth prospects. We see this quarter as an additional data point to support our view and will maintain our $129 fair value estimate and narrow moat rating.