Billionaire Lee Cooperman’s Top 15 Long-Term Stock Picks

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9. Fiserv, Inc. (NYSE:FI)

Number of Hedge Fund Holders: 71    

Omega Advisors’ Stake: $86.2 million 

Fiserv, Inc. (NYSE:FI)  is a global technology leader that enables money movement for thousands of financial institutions, millions of people, and businesses. The following strengths make Fiserv a standout option for investors. Firstly, the company’s strong GAAP revenue performance and organic revenue growth illustrated in the third quarter of 2024 report. For instance, GAAP revenue reported for the company increased 7% to $15.21 billion in the first nine months of 2024 compared to the prior year period, with 10% growth in the Merchant Solutions segment and 5% growth in the Financial Solutions segment. Also, the company raised the 2024 organic revenue growth outlook from 16% to 17% and adjusted the EPS outlook from $8.73 to $8.80. Secondly, Fiserv enhanced its finance capacity with the acquisition of Payfare, enabling the company to deliver more comprehensive solutions to its clients. Moreover, the company launched Clover in Brazil, aiming to streamline operations, enhance challenges between systems, and manage multiple acquisitions.

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