Fiserv Inc
FI: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$991.00 | Bhckmdl | Tyyzjkjc |
Fiserv Earnings: Strong Growth and Margin Improvement Continue
Fiserv produced another strong quarter, with organic growth accelerating a bit sequentially and the company continuing to see strong margin improvement. Revenue grew 8% year over year, or 12% on an organic basis. With Fiserv tracking ahead of expectations, management modestly lifted its 2023 guidance. We will maintain our $135 fair value estimate for the narrow-moat company and see shares as undervalued at the moment.