Fiserv Inc
FI: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$872.00 | Tchfyz | Cxplrqdj |
Clover Puts Fiserv in a Good Position
Business Strategy and Outlook
Fiserv’s merger with First Data in 2019 kicked off a string of three similar deals that took place in short order. We don’t believe Fiserv’s move was especially attractive relative to the other two, and we don’t believe the company materially strengthened its competitive position as a result. However, we do think there was a valid strategic rationale for these deals.