Core Viewpoint - A class action securities lawsuit has been filed against Fiserv, Inc. alleging securities fraud that negatively impacted investors between July 24, 2024, and July 22, 2025 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that Fiserv made false statements regarding its Clover platform, which was forced upon Payeezy merchants due to issues with the older platform [2]. - It is alleged that the revenue growth of Clover was artificially inflated by the forced conversions, masking a slowdown in new merchant acquisitions [2]. - Following the conversions, many former Payeezy merchants reportedly switched to competitors due to Clover's high pricing and poor customer service, leading to a significant slowdown in Clover's growth [2]. - The lawsuit asserts that Fiserv's positive statements about Clover's growth strategies and business prospects were materially false and misleading [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified period have until September 22, 2025, to request to be appointed as lead plaintiff in the case [3]. - Participation in the lawsuit does not require any out-of-pocket costs or fees for class members [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years [4]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].

NEW YORK--(BUSINESS WIRE)---- $FI #ClassAction--Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Fiserv, Inc. ("Fiserv†or the "Company†) (NYSE: FI) and reminds investors of the September 22, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has re ...

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Fiserv, Inc. related to alleged violations of federal securities laws, with a deadline for investors to seek lead plaintiff status in a class action lawsuit by September 22, 2025 [4]. Group 1: Allegations Against Fiserv - The complaint alleges that Fiserv and its executives made false and misleading statements regarding the performance of its Clover platform, particularly in relation to forced migrations from the older Payeezy platform [6]. - It is claimed that Clover's revenue growth and gross payment volume (GPV) were artificially inflated due to these forced conversions, masking a slowdown in new merchant business [6]. - Following the forced migrations, many former Payeezy merchants switched to competitors due to Clover's high pricing and compatibility issues, leading to a significant slowdown in Clover's GPV growth [6]. Group 2: Market Reaction and Stock Performance - On April 24, 2025, Fiserv reported a GPV growth of only 8% for Q1 2025, a decline from 14-17% in 2024, resulting in an 18.5% drop in stock price to $176.90 [7]. - On May 15, 2025, Fiserv announced that GPV growth deceleration would continue throughout 2025, causing a further 16.2% decline in stock price to $159.13 [7]. - On July 23, 2025, Fiserv lowered its full-year organic growth guidance and reported a deceleration in quarterly organic revenue growth to 9% year-over-year, leading to a 13.9% drop in stock price to $143.00 [7].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Fiserv, Inc. common stock during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - The Class Period for the Fiserv common stock purchase is from July 24, 2024, to July 22, 2025 [1]. - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court by September 22, 2025, to serve as lead plaintiff [2]. Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time [3]. - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013 [3]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering significant amounts for clients [3]. Group 3: Case Allegations - The lawsuit alleges that Fiserv made false and misleading statements regarding its Clover platform, which was forced upon Payeezy merchants due to issues with the older Payeezy platform [4]. - It is claimed that Clover's revenue growth was artificially inflated by these forced migrations, masking a slowdown in new merchant business [4]. - The lawsuit further alleges that many former Payeezy merchants switched to competitors due to Clover's high pricing and compatibility issues, leading to a significant slowdown in Clover's growth metrics [4].

NEW YORK, Sept. 19, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Fiserv, Inc. ("Fiserv, Inc." or the "Company") (NYSE: FI) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Fiserv, Inc. investors who were adversely affected by alleged securities fraud between July 24, 2024 and July 22, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/fiserv-inc-lawsuit-submissio ...

Core Thesis - Fiserv, Inc. is positioned for growth with a focus on its Clover platform, which integrates payments, software, and cash management for small businesses, despite recent stock price declines due to slower GPV growth [2][3][4] Company Overview - Fiserv serves 10,000 financial institutions across over 100 countries, including 3,000 U.S. banks, and is a leader in financial technology [2] - The company has achieved 40 consecutive years of double-digit EPS growth, indicating strong financial performance [2] Clover Platform - Clover's long-term value is driven by revenue growth from merchant signups, hardware sales, and higher-margin value-added services (VAS), rather than just gross payment volume (GPV) [3] - Clover remains underpenetrated in the U.S. market with less than 3% market share and under 10% VAS penetration domestically [3] Growth Strategy - Fiserv aims to expand into new verticals such as hospitality and healthcare, as well as international markets like Brazil, Mexico, and Europe, supporting a revenue target of $3.5 billion for 2025 and $4.5 billion for 2026 [4] - Management has accelerated buybacks to 130% of free cash flow at historically low valuations, suggesting potential for significant returns if free cash flow growth continues [4] Market Performance - Despite beating Q1 and Q2 earnings estimates, Fiserv's stock experienced a sharp decline of up to 23% due to investor concerns over slower Clover GPV growth [4] - The stock price was trading at $132.75 as of September 16th, with trailing and forward P/E ratios of 22.20 and 11.20 respectively [1][2] Historical Context - Previous bullish theses on Fiserv highlighted its strong fundamentals and the value-enhancing First Data acquisition, although the stock has depreciated approximately 34.39% since then [5]

Core Points - A securities fraud class action lawsuit has been filed on behalf of investors who acquired Fiserv, Inc. common stock during the Class Period from July 24, 2024, to July 22, 2025 [1] - Investors who lost money on Fiserv, Inc. are reminded of the upcoming deadline to participate as a lead plaintiff in the lawsuit [1]

Core Insights - Broyhill Asset Management reported a 3.7% net appreciation in its Broyhill Partners fund for Q2 2025, underperforming the MSCI All Country World Index which returned 11.7% during the same period [1] - The fund's six-month return was 6.6%, compared to 10.3% for the index [1] Company Analysis: Fiserv, Inc. (NYSE:FI) - Fiserv, Inc. experienced a one-month return of -4.88% and a 52-week decline of 25.19%, with a market capitalization of $72.227 billion as of September 18, 2025 [2] - The stock price closed at $132.87 per share on September 18, 2025 [2] - Broyhill Asset Management noted a 22% decline in Fiserv's shares during the quarter, attributing it to market concerns over slowing growth in its Clover point-of-sale system [3] - Despite recent weaknesses, Fiserv has been a top holding and contributor for Broyhill since 2021, with the firm increasing its position after shares traded at historically low multiples [3] - Fiserv's adjusted revenue grew 8% to $5.2 billion in Q2 2025, indicating potential for growth despite current market challenges [4] - The number of hedge funds holding Fiserv increased from 72 to 94 in the second quarter of 2025, suggesting growing interest among institutional investors [4]

Group 1: Macquarie Core Equity Fund Performance - The Macquarie Core Equity Fund's Institutional Class returned 11.94% in Q2 2025, outperforming the S&P 500 Index which rose 10.94% [1] - The strong performance was primarily driven by sector selection (80% of relative performance) and individual security selection [1] Group 2: Fiserv, Inc. Overview - Fiserv, Inc. (NYSE:FI) is a payment and fintech services provider, with a market capitalization of $72.227 billion as of September 18, 2025 [2] - The stock experienced a one-month return of -4.88% and a 52-week decline of 25.19% [2] Group 3: Fiserv, Inc. Performance Analysis - Fiserv's shares declined in Q2 2025 due to a slowdown in its Clover business, which provides payment terminals for various business sizes [3] - The company reported an 8% growth in adjusted revenue, reaching $5.2 billion in Q2 2025 [4] - Despite the recent challenges, the company is viewed as a potentially strong investment in the long term, particularly in the digital payments and software sector [3]

Core Viewpoint - Berger Montague PC is investigating potential securities fraud claims against Fiserv, Inc. following a class action lawsuit filed on behalf of investors who acquired Fiserv securities between July 24, 2024, and July 22, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit alleges that Fiserv and certain executives overstated the Company's growth by failing to disclose that its new payment platform, Clover, was experiencing increased revenue growth and gross payment volumes due to the forced transition of merchants from its legacy Payeezy platform [3]. - Investors became aware of the true financial situation of Fiserv after a series of disclosures, culminating on July 23, 2025, when the Company lowered its 2025 organic growth projections and confirmed decelerated growth in its Merchant segment [4]. Group 2: Investor Information - Investors who purchased or acquired Fiserv securities during the Class Period have until September 22, 2025, to seek appointment as a lead plaintiff representative of the class [2].