Fiserv Stock To $43?

Our multi-factor assessment suggests that it may be time to sell FISV stock. We have, overall, a pessimistic view of the stock, and a price of $43 may not be out of reach. We believe there is a near-equal mix of good and bad in FISV stock given its overall moderate operating performance and financial condition. Hence, despite its low valuation, this makes the stock look risky.

Below is our assessment:

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Let’s get into details of each of the assessed factors, but before that, for quick background: With $33 billion in market cap, Fiserv provides payment and financial technology, including point-of-sale merchant acquiring, digital commerce, general ledger management, and card transaction processing services.

[1] Valuation Looks Low

This table highlights how FISV is valued vs. the broader market. For more details see: FISV Valuation Ratios

[2] Growth Is Moderate

• Fiserv has seen its top line grow at an average rate of 6.8% over the last 3 years
• Its revenues have grown 5.2% from $20 billion to $21 billion in the last 12 months
• Also, its quarterly revenues grew 0.9% to $5.3 billion in the most recent quarter from $5.2 billion a year ago.

This table highlights how FISV is growing vs broader market.

[3] Profitability Appears Strong

• FISV last 12 months of operating income was $6.1 billion, representing operating margin of 28.7%
• With cash flow margin of 30.0%, it generated nearly $6.3 billion in operating cash flow over this period
• For the same period, FISV generated nearly $3.6 billion in net income, suggesting net margin of about 17.0%

This table highlights how FISV profitability vs broader market.

[4] Financial Stability Looks Weak

• FISV Debt was $30 Bil at the end of the most recent quarter, while its current Market Cap is $33 Bil. This implies Debt-to-Equity Ratio of 91.6%
• FISV Cash (including cash equivalents) makes up $884 Mil of $79 Bil in total Assets. This yields a Cash-to-Assets Ratio of 1.1%

[5] Downturn Resilience Is Strong

FISV has been more resilient than the S&P 500 index during various economic downturns. We assess this based on both (a) how much the stock fell and, (b) how quickly it recovered.

2022 Inflation Shock

• FISV stock fell 30.2% from a high of $126.55 on 26 April 2021 to $88.38 on 16 June 2022 vs. a peak-to-trough decline of 25.4% for the S&P 500.
• However, the stock fully recovered to its pre-Crisis peak by 10 July 2023
• Since then, the stock increased to a high of $237.79 on 3 March 2025 , and currently trades at $61.47

2020 Covid Pandemic

• FISV stock fell 37.8% from a high of $123.89 on 4 February 2020 to $77.00 on 23 March 2020 vs. a peak-to-trough decline of 33.9% for the S&P 500.
• However, the stock fully recovered to its pre-Crisis peak by 11 March 2021

2008 Global Financial Crisis

• FISV stock fell 51.1% from a high of $14.81 on 31 May 2007 to $7.24 on 27 October 2008 vs. a peak-to-trough decline of 56.8% for the S&P 500.
• However, the stock fully recovered to its pre-Crisis peak by 14 December 2010

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