Fiserv Inc

FI: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$537.00	Zqsnjlw	Xprcrmbz

Fiserv Off to a Solid Start in the First Quarter

Brett Horn

Apr 27, 2022

Fiserv started the year on a strong note, with overall revenue up 11% year over year on an organic basis, and the company seeing solid margin expansion. The company is tracking a bit ahead of expectations for the year, but we will maintain our $129 fair value estimate. We continue to see the shares as undervalued from a long-term perspective, as we believe the market is overly skeptical about the narrow-moat company’s long-term prospects on the acquiring side.

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