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2. Fiserv, Inc. (NASDAQ:FISV)

Number of Hedge Fund Holders: 58

Shares of Fiserv, Inc. (NASDAQ:FISV) rose to a nearly three-month high this morning after the Wisconsin-based fintech company raised its financial outlook for the full year. Fiserv, Inc. (NASDAQ:FISV) now expects adjusted earnings in the range of $6.45 – $6.55 per share and revenue growth between 9 – 11 percent for fiscal 2022.

The company also released it Q2 financial results today. Fiserv, Inc. (NASDAQ:FISV) reported adjusted earnings of $1.56 per share, up from $1.37 per share in the year-ago period. Revenue for the quarter rose 10 percent versus last year to $4.45 billion. Analysts were looking for earnings of $1.56 per share on sales of $4.08 billion.

Discussing the outlook, CEO Frank Bisignano said:

“An unprecedented confluence of macro factors is likely to impact the global economy. The demonstrated resilience of our business model, driven by the strength of our assets, balance sheet and pipeline of innovation, should position us well to withstand potential challenges and deliver value for our clients.”