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Valued at a market cap of $103.6 billion, Fiserv, Inc. (FI) provides payments and financial services technology solutions to large enterprises, small businesses, banks, credit unions, large financial institutions, public sectors, and software providers. The Milwaukee, Wisconsin-based company’s core services range from digital banking platforms and card processing to point-of-sale systems and payment gateways.
Shares of this financial services company have outpaced the broader market over the past 52 weeks. Fiserv has soared 21.1% over this time frame, while the broader S&P 500 Index ($SPX) has gained 11.9%. However, on a YTD basis, the stock is down 9.1%, lagging behind SPX’s marginal drop.
