10 Best Digital Payments Stocks To Buy Now

4. Fiserv, Inc. (NYSE:FI)

Number of Hedge Fund Holders: 73

Fiserv, Inc. (NYSE:FI) serves as a leading global provider of payments and financial services technology solutions. The firm enables money movement for financial institutions, people, and businesses. It was in 1984 that First Data Processing and Sunshine State Systems merged together to create a national data processing organization focused on the financial services industry, Fiserv.

Fiserv, Inc. (NYSE:FI) serves as the largest global provider of technology solutions to the financial services industry. With more than 6 million merchant locations globally and over 25,000 financial transactions per second at peak, the firm really is a leader having 40 years’ experience in fintech and payments leadership. Through its integrated solutions, strong client franchise, and strategic positioning, the industry leadership position remains strong.

The reach and scale of the company remain broad. Fiserv claims to be unique in its reach across all parties including the consumer, the digital wallet provider, the issuer, and the merchant. This network effect leaves the firm with ample opportunities to accelerate its business growth. Fiserv had the vision of scaling platforms to support a breadth of solutions, merchant acquiring, debit and credit issuer services, and digital payments back in 2019 and that is what the firm has achieved.

Recently, the company delivered a strong second quarter with 18% growth in both organic revenue and adjusted earnings per share. With 6% growth in the Financial Solutions segment and 9% growth in the Merchant Solutions segment, Fiserv recorded a 7% year-over-year rise in its adjusted revenue. This reflects the firm’s commendable performance across the business.

The stock was held by 73 hedge funds, as of Q2 2024. Harris Associates was the most prominent shareholder in the company. Hence, Fiserv, Inc. (NYSE:FI) is one of the best digital payment stocks to buy now.