Fiserv Inc
FI: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$624.00 | Whmhsng | Cslvktkc |
Fiserv Earnings: Acquiring Side Outperforms Expectations
Narrow-moat Fiserv posted a strong first quarter, particularly on the acquiring side. Overall revenue was up 7% and 20% year over year on a reported and organic basis, respectively, and the company is seeing solid margin improvement. Fiserv is on pace to modestly exceed our expectations for the year, but the differential is not large enough to meaningfully alter our $158 fair value estimate, which we will maintain. We see the shares as about fairly valued at the moment.