Fiserv(US:FI) Globenewswireยท2025-09-21 12:44Core 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].