This Fintech Stock Dropped 40% Today to Lead S&P 500 Decliners. Here's Why.

Core Insights - Fiserv shares are experiencing significant declines, with nearly two-thirds of their value lost since the beginning of the year, following a disappointing earnings report and leadership changes [2][3]. Financial Performance - Fiserv reported adjusted earnings of $2.04 per share, with revenue growth of 1% year-over-year to $5.26 billion, falling short of analyst expectations of $2.63 and $5.69 billion respectively [2][3]. - The company has lowered its 2025 organic revenue growth target to a range of 3.5% to 4% and adjusted EPS target to $8.50-$8.60, down from previous projections of about 10% organic revenue growth and adjusted EPS of $10.15 to $10.30 [3]. Leadership Changes - New CEO Mike Lyons, who took over in May, is implementing significant leadership changes, including the appointment of Paul Todd as the new CFO and the replacement of three board members [4][6]. - The company is also planning to move its stock listing to Nasdaq with a new ticker symbol [7]. Strategic Initiatives - Fiserv has launched an action plan called "One Fiserv," focusing on enhancing client service, technology solutions, and innovation [5]. - A key component of this plan is the Clover point-of-sale payments system, which aims to establish a leading small business operating platform [5].