Fiserv Inc

FI: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$242.00	Hvjqcy	Mtrsbfxt

Fiserv Sees Strong Growth in Q2

Brett Horn

Jul 26, 2022

Fiserv reported a solid second quarter with better-than-expected growth. Overall year-over-year organic revenue growth for the quarter was 12%, a level that is well ahead of our long-term expectations. We continue to believe that the shares are undervalued and that the market is underestimating the company's long-term growth prospects. We see this quarter as an additional data point to support our view and will maintain our $129 fair value estimate and narrow moat rating.

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