10 Best Fintech Stocks to Invest In According to Billionaires

7. Fiserv, Inc. (NASDAQ:FISV)

Number of Billionaire Investors: 27

Fiserv, Inc. (NASDAQ:FISV) is one of the best fintech stocks to invest in according to billionaires. On April 20, BMO Capital initiated coverage on Fiserv, Inc. (NASDAQ:FISV), giving the stock a Market Perform rating and setting the price target at $65.

BMO Capital believes that the company is currently transitioning under new management. Fiserv, Inc.’s (NASDAQ:FISV) leadership is trying to rebuild its reputation as a double-digit earnings per share compounder. This follows a strategic review of the business aimed at improving performance.

According to BMO Capital, the company has made some positive moves in the fourth quarter. Fiserv, Inc.’s (NASDAQ:FISV) management reset guidance and implemented a new strategic plan. The research firm sees these as steps in the right direction.

However, BMO Capital pointed to several concerns that make it hard to recommend Fiserv, Inc. (NASDAQ:FISV) in the near term. These include the new management team, slower growth across key parts of the business, and the company still being in a transition phase.

The firm believes the stock is reasonably valued and described the situation as a wait-and-see period.

Fiserv, Inc. (NASDAQ:FISV) is a global financial technology and payments company that offers solutions for banking, merchant acquiring, global commerce, billing and payments, and point-of-sale.