Fiserv Inc

FI: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$421.00	Jmpcz	Rjkhnfvvg

Fiserv Has Successfully Adapted to Industry Changes

Brett Horn

Mar 14, 2024

Business Strategy and Outlook

Fiserv’s merger with First Data in 2019 kicked off a string of three similar deals that took place in short order. We don’t believe Fiserv’s move was especially attractive relative to the other two, and we don’t believe the company materially strengthened its competitive position as a result. However, we do think there was a valid strategic rationale for these deals.

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