Fiserv shares surge on robust growth forecast at Investor Day

Shares of Fiserv (NYSE:), Inc., a leading global provider of financial services technology solutions, rallied on today’s Investor Day event as the company laid out an optimistic financial outlook for the coming years. The upbeat projections and strategic plans discussed at the conference have drawn significant attention from investors and analysts alike.

The company, known for its comprehensive suite of services including account processing, digital banking solutions, and merchant acquiring, among others, has forecasted a strong performance trajectory:

• For the fiscal year 2023, Fiserv revised its outlook upwards, now expecting an 11% organic revenue growth and an adjusted earnings per share (EPS) in the range of $7.47 to $7.52.
• Looking ahead to fiscal year 2024, the company projects organic revenue growth of 11-13% and an adjusted EPS increase of 13-17%.
• Medium-term projections for 2025 to 2026 anticipate annual organic revenue growth of 9-12% and a 14-18% rise in EPS.

These projections come on the heels of a robust third quarter in October, which saw an 8% top-line growth driven by the Acceptance, Fintech, and Payments segments. This strong performance contributed to a surge in operating margin to 30.8%.

The company’s CEO, Frank Bisignano, addressed the Investor Conference today, underscoring strategic plans against a backdrop of uncertain macroeconomic conditions. He also provided preliminary financial outlooks through to 2026.

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