Fiserv (FI) Benefits From Acquisitions Amid Rising Competition

Fiserv (FI) has had an impressive run over the past year, wherein its shares have gained 29.6%, outperforming the 14.8% rally of the industry it belongs to and the 23.1% rise of the Zacks S&P 500 Composite. FI reported mixed first-quarter 2024 results. Adjusted earnings per share (excluding 65 cents from non- recurring items) of $1.9 beat the consensus mark by 6.2% and increased 19% year over year. Adjusted revenues of $4.5 billion missed the consensus estimate by a slight margin and decreased marginally on ...