Fiserv Inc

FI: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$252.00	Mgqmvst	Fztrmng

Fiserv Maintains Strong Growth in Third Quarter

Brett Horn

Oct 27, 2022

Narrow-moat Fiserv continued to enjoy strong growth and margin improvement in the third quarter. Overall year-over-year organic revenue growth for the quarter was 11%, a slight reduction from the previous quarter but still at a level that is better than our long-term expectations. We will maintain our $129 per share fair value estimate, and we continue to see the shares as undervalued.

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