Fiserv Inc

FI: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$187.00	Jtwck	Jgsvndyg

Fiserv Earnings: Strong Growth and Margin Improvement

Brett Horn

Jul 26, 2023

Fiserv saw strong growth and margin improvement in the second quarter. Revenue grew 7%, or 10% on an organic basis. With the company tracking well so far this year, management modestly raised its revenue growth and EPS guidance. We will maintain our $135 fair value estimate and narrow moat rating.

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