Fiserv Inc

FI: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$692.00	Lpcjgn	Vfcyzgj

Fiserv Earnings: Strong Growth and Margin Expansion Continue; Maintaining Fair Value Estimate

Brett Horn

Jul 24, 2024

Fiserv has been performing well recently, and the second quarter continued that trend, with results largely mirroring the first quarter. Year-over-year reported and organic revenue growth were 7% and 18%, respectively. The company is also seeing solid margin expansion this year. While we are pleased with recent results, we will maintain our $158 fair value estimate for the narrow-moat company, and we see shares as about fairly valued.

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