Fiserv: Deeply Undervalued, But Don't Expect A Sharp Rebound

Fiserv is trading at historically low valuation multiples, despite recent operational struggles and a 77% decline from its all-time high. FISV's growth rates have slowed, with both Merchant and Financial Solutions segments facing margin compression and muted revenue expansion. Share buybacks have meaningfully reduced diluted shares outstanding, enhancing per-share metrics and providing a key lever for future EPS growth.