Fiserv: Still a Good Buy

Simply put, Fiserv (FISV) is a great company.

Every quarter, this company delivers. Fiserv just reported Q3 EPS of 92 cents which was in line with the Street’s forecast. For last year’s Q3, it made 81 cents, so that’s pretty good growth.

For all of last year, Fiserv made $3.29. In July, it said to expect 2009’s EPS to range between $3.61 and $3.75. Today, the company narrowed the range to $3.63 to $3.68. The market seems a bit freaked out by that (the shares were off about 4% after hours), but I’m not concerned at all. That’s a very small adjustment and we’re still talking about a stock that’s going for about 12 times next year’s earnings.

Fiserv is a very good buy here.