Fiserv(US:FI) Globenewswire·2025-10-31 18:21Core Insights - The article discusses the significant stock sale by Frank Bisignano, the former CEO of Fiserv, which coincided with a sharp decline in Fiserv's stock price following disappointing Q3 2025 financial results [1][2][4]. Company Actions - Frank Bisignano sold approximately 2.6 million shares of Fiserv for about $423 million between mid-May and late-July 2025, just before his appointment as Commissioner of the Social Security Administration [1]. - Following Bisignano's departure, Fiserv appointed Michael Lyons as the new CEO and Doyle Simmons as the non-executive Chairman [3]. Financial Performance - Fiserv reported a sequential decline in Q3 2025 adjusted revenue and reduced its organic revenue growth expectations to 3.5%-4% [4]. - The company also lowered its earnings per share (EPS) outlook to $8.50-$8.60 and announced the departure of its chief financial officer [4]. Market Reaction - The market reacted negatively to Fiserv's earnings report, causing the stock price to drop over $59, resulting in a loss of approximately $32 billion in shareholder value in one day [6]. - Analysts described the earnings miss and guidance cut as "difficult to comprehend" and labeled the Q3 results as "abysmal" [6]. Investigation - Hagens Berman has initiated an investigation into whether Fiserv misled investors regarding its business and growth prospects [2][6]. - The investigation is focused on the accuracy of Fiserv's statements about its operations and growth potential, particularly in light of the recent financial performance [3][6].