Fiserv Inc

FI: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$841.00	Jzpntg	Khdzptvds

Fiserv Earnings: Underlying Results Remain Solid

Brett Horn

Feb 6, 2024

Fiserv reported solid fourth-quarter results. While reported results are being positively affected by some transitory factors, we think the company's underlying performance remains encouraging. Excluding passthrough items, revenue grew 6% year over year, or 12% on an organic basis. We will maintain our $145 fair value estimate for the narrow-moat company and see the shares as fairly valued right now.

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