After a Soft 1Q, Fiserv's Revenue Growth Should Accelerate Throughout the Year
Wide-moat Fiserv’s first quarter contained few surprises. Though year-over-year adjusted revenue growth was only 3.6%, we anticipate that revenue will accelerate through out the rest of the year, which is often typical for the company. For the first quarter, the company earned $608 million in operating income, a year-over-year increase of 66.6%. However, this quarter’s earnings benefited from a $232 million gain resulting from two divestitures. Excluding this quarter’s gain, operating earnings i...Fiserv is a provider of financial services technology. The company provides account processing systems, electronic payments processing products and services, internet and mobile banking systems, and related services. The company's segments are: First Data, which provides merchant acquiring, e-commerce, mobile commerce, and other business solutions; Payments and Industry Products, which provides electronic bill payment and presentment services, internet and mobile banking software; and Financial Institution Services, which provides financial institutions with account processing services, item processing and source capture services, loan origination and servicing products, and cash management, among others.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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