FISV
FISERV INCEvidence as of 2026-09-19The desk's Snapshot
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Overview · FISERV INC
Fiserv, Inc., together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; Clover, a cloud-based point-of-sale a…
Management team
- Ms. Suzan Bulyaba Kereere · Exec. VP & Head of Global Bus. SolutionsFind on LinkedIn
- Mr. Adam L. Rosman · Chief Admin. Officer & Chief Legal OfficerFind on LinkedIn
- Mr. Guy Chiarello · Chief Operating OfficerFind on LinkedIn
- Mr. Robert W. Hau · Chief Financial OfficerFind on LinkedIn
Start free to see the full management team.
Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it, not a rating or a recommendation.
−0.9 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled. The rest of the page is the evidence behind it.
The evidence balance is Cautious ( -0.9 of a possible +2; was -0.9 before debate) · confidence high. Reported revenue held near $5.5 billion across the compared quarters: $5.52B in the fiscal quarter 2025-04-01 to 2025-06-30 (3mo) and $5.29B in the fiscal quarter 2026-04-01 to 2026-06-30 (3mo). Operating income and margins contracted materially: operating income fell from $1.70B to $1.02B and the calculated operating margin compressed from about 30.8% to about 19.2% over those same quarter-to-quarter comparisons.
Net income followed the weakness, declining from $1.026B in the fiscal quarter 2025-04-01 to 2025-06-30 (3mo) to $627M in the fiscal quarter 2026-04-01 to 2026-06-30 (3mo), with an intermediate $571M in the fiscal quarter 2026-01-01 to 2026-03-31 (3mo). Share counts show steady buyback activity, falling from 561,288,944 as of 2025-02-14 to 531,766,721 as of 2026-07-31. Market signals are weak: six‑ and twelve‑month momentum measures are -17.2% and -62.0%, price sits below the 50‑ and 200‑day SMAs ( -9.2% and -18.4%), and three‑year maximum drawdown is -80.2%. Valuation and balance-sheet stats that survived the review include trailing P/E of 8.49, trailing FCF of $1.656B (FCF per share $3.1029), enterprise value $27.697B, market cap $25.094B, cash $627.0M and reported long‑term debt of $3.23B.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else (no outside knowledge, no browsing), so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC (revenue, margins, income, debt and share count, quarter by quarter) and reports which way the trend is running.
Reported revenue was $5.52B in the fiscal quarter 2025-04-01 to 2025-06-30 (3mo) and $5.29B in the fiscal quarter 2026-04-01 to 2026-06-30 (3mo).
XBRL companyfacts · 0000798354-26-000031Operating income was $1.70B in the fiscal quarter 2025-04-01 to 2025-06-30 (3mo) and fell to $1.02B in the fiscal quarter 2026-04-01 to 2026-06-30 (3mo).
XBRL companyfacts · 0000798354-26-000031Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full: its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet; its risk analysis fills in once that lands.
The Form 10-K filed 19 February 2026 states management's One Fiserv action plan includes "delivering operational excellence enabled by artificial intelligence" and that the company is focused on "realiz[ing] productivity and efficiency gains by embedding artificial intelligence ("AI") in our products, services and business operations."
10-K filed 2026-02-19The risk-factor diff in the 10-K filed 19 February 2026 added a risk that "We use artificial intelligence in our business, and challenges with properly managing its use could result in legal liability or reputational harm."
10-K filed 2026-02-19Reads the signal panel above (momentum, volatility, drawdown, relative strength and beta) and ranks each against the whole research universe rather than judging it in isolation.
Momentum over the past 6 months (fiscal range ending 18 September 2026) is -17.2% and ranks in the 9th percentile of the 561-stock research universe.
Moneyta signal set · 2026-09-18weakened in debateThe 12-month momentum measure (momentum_12_1) is -62.0% and sits in the 3th percentile of the 561-stock research universe.
Moneyta signal set · 2026-09-18weakened in debateReads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
Institutional 13F-reported holdings total $24.13B as of the reporting period 2026-06-30, with 1,157 reported holders and a quarter-over-quarter holder_count_delta_qoq of 891.
13F holdings · 1157 filers · as of 2026-06-30Top reported 13F holders in that filing are Dodge & Cox $2.46B, BlackRock, Inc. $2.08B, VANGUARD CAPITAL MANAGEMENT LLC $1.62B, STATE STREET CORP $1.17B, and HARRIS ASSOCIATES L P $1.09B.
13F holdings · 1157 filers · as of 2026-06-30Reads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
Management has put Project Elevate in focus and is targeting US$500 million in cost savings and 200 basis points of margin expansion through product consolidation, simpler technology, and AI.
News · simplywall.st · 2026-09-16Multiple outlets report that the company is emphasizing Project Elevate, AI initiatives, and growth of the Clover platform as part of a turnaround effort.
News · thelincolnianonline.com · 2026-09-15Reads parsed Forms 3/4/5: who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
No insider transactions on file in the trailing 180 days.
Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
The valuation inputs imply an FCF growth rate of 2.51% that today's price would justify under the stated discount and terminal assumptions.
Valuation inputs · SEC XBRL + stored EOD closePrice to trailing twelve-month free cash flow is 15.21 (price/FCF = 15.21).
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score. The argument is shown, not hidden, so you can judge the reasoning yourself.
Several company-level items jointly support a favorable read: steady share-count reduction shows active capital allocation that increases per-share economics, management has a disclosed program (Project Elevate / One Fiserv) targeting $500M of cost savings and AI-enabled productivity and explicit margin expansion, and trailing fundamentals show meaningful cash generation (FCF ttm $1.656B) with low reported P/E (8.49) and P/FCF (15.21). Those points directly address recent profit compression by indicating management initiatives and capital actions that improve per-share cash flow and margins. Market-price weakness and elevated volatility are observable (large drawdown, negative momentum, price below SMAs) but represent market reaction rather than new company disclosures; the presence of large, established institutional holders further supports that longer-term investors maintain exposure. Taken together, the combination of buyback activity, explicit cost/margin programs, and relatively attractive valuation metrics strengthens a constructive interpretation of the disclosed evidence.
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.39
31 surviving claims rest on 11 distinct sources; the heaviest analyst carries 19% of them, and 97% of what the desk raised survived the debate.
The evidence set is moderately robust: 31 surviving claims draw on 11 distinct sources, and a very high persistence through internal debate means most points faced little successful pushback. However, nearly one-fifth of the surviving claims trace to the single heaviest analyst and a small number of sources supply a lot of the detail, so these readouts carry some concentration risk and should be weighted with that fragility in mind.
Peer context · computed, not argued
12-1 momentum ranks 10th of 10 in Information Technology Services (as of 2026-09-18).
6-month relative strength ranks 8th of 10 in Information Technology Services (as of 2026-09-18).
90-day volatility ranks 8th of 10 in Information Technology Services (as of 2026-09-18).
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment. When the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here (no outside knowledge, no browsing), and each card shows who read it and what it contributed to the score.
15 filings· 2 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data, not retyped or estimated.
Read by Mercer−0.4 to the score
4 documents· 3 cited
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes−0.3 to the score
1 signal set
Moneyta signal set
Computed from our own end-of-day price history and ranked against the whole research universe. No AI involved.
Read by Nash−1.6 to the score
2 holdings records· 1 cited
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.0 to the score
4 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only; it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal; the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
The full terminal on FISV Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
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