Added to YB: 2026-05-26
Pitch date: 2026-05-22
FISV [neutral]
Fiserv, Inc.
Author Info
Under the Hood is a private investor (ex-NYSE, Bridgewater, Alliance Bernstein) writing about stocks. Sign up for their newsletter.
Company Info
Fiserv, Inc. provides payments and financial services technology solutions in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally.
Market Cap
$30.5B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
6.84
P/E
9.67
EV/Sales
2.80
Sector
Financial Services
Category
turnaround
Pattern Recognition in Turnarounds - Fiserv
FISV (update): Core banking attrition doubled to 150bps from 75bps norm due to forced conversions; mgmt reversed course, acquired Smith Consulting, targeting 75bps by 2027-29. Clover GPV growth ~10%; plan: convert 1.8M legacy SMBs, deepen VAS, expand verticals (healthcare/pro services). New co-presidents from JPM Payments/Stripe/Optum. 4-6% rev CAGR, 37%+ margin, 90% FCF conversion targets $12 EPS by 2029 = <5x P/E today. Similar setup to DB 2021/Citi 2022 turnarounds: strong franchise, self-inflicted issues, credible team, modest plan, absurd valuation.
Read full article (4 min)