Fiserv's wide moat allows for significant cross-selling opportunities.
Wide-moat-rated Fiserv came in with a light third quarter. It produced $1.4 billion in sales, representing growth of only 1.5%. Fiserv’s sales have not grown at this slow a pace since 2012, and this is the second consecutive quarter they have come in below our expectations. Taking into account the last two quarters, one would have to go back to the great financial crisis to see revenue grow this slowly. This quarter’s less-than-stellar top-line performance was driven by lower card issuance in th...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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