Fiserv Inc
FI: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$647.00 | Vgdyq | Vkcmvnjb |
Fiserv Earnings: Strong Growth and Margin Expansion Continue; Maintaining Fair Value Estimate
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.