Fiserv Inc

FI: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$555.00	Dkpvdk	Wmnnrxbt

Fiserv Finishes the Year on a Strong Note

Brett Horn

Feb 7, 2023

Fourth-quarter results showed Fiserv continuing to perform relatively well, with solid growth and margin improvement. Organic year-over-year revenue growth was 12%, a slight acceleration from the previous quarter and ahead of our long-term expectation. We will maintain our $129 fair value estimate for the narrow-moat company and see the shares as modestly undervalued.

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