Fiserv Inc
FI: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$525.00 | Xyyprdy | Bxkmngnyn |
Fiserv Earnings: Off to a Fast Start in 2023
Fiserv reported a strong start to the year, with organic revenue growth of 13% year over year in the first quarter running ahead of expectations. The company also saw solid margin improvement. Management pulled the lower end of its guidance range up as a result but appears to be remaining somewhat cautious, given the uncertain macroeconomic situation. We will maintain our $135 fair value estimate for the narrow-moat company and see the shares as modestly undervalued.