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Fiserv, Inc. (FI) shares have surged 54.2% year-to-date, outperforming the industry average of 23.5% and the Zacks S&P 500 Composite’s 30.3% rise. The company anticipates revenue growth of 6.3% in 2024 and 8.8% in 2025, along with estimated earnings increases of 16.6% and 16.3% for the same years, respectively.
Clover, Fiserv’s primary growth driver, reported a 28% revenue increase year-over-year in Q3 2024, contributing to an annualized gross payment volume of $274 billion, up 19%. The current ratio, a liquidity measure, stood at 1.07 at the end of Q3 2024, reflecting improved financial health due to a 72.8% decline in settlement obligations.
Despite its success, Fiserv faces competition in its core banking products and risks related to its acquisition strategy, which may impact balance sheets and management focus. The company holds a Zacks Rank #3 (Hold) at present.
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