Fiserv(US:FI) Prnewswire·2025-11-18 16:06Core Viewpoint - Senate Democrats are investigating Fiserv, Inc. and its former CEO Frank Bisignano regarding potential mismanagement and misleading financial forecasts that led to significant investor losses [2][7]. Group 1: Financial Performance and Forecasts - Fiserv's stock price dropped 47% on October 29, 2025, following the release of Q3 2025 financial results, which were described as "abysmal" by analysts [2][5]. - The company revised its organic revenue growth expectations down to 3.5%-4% from a previously higher forecast, and adjusted its EPS outlook to $8.50-$8.60 [5][6]. - Fiserv's new CEO, Michael Lyons, indicated that previous growth assumptions were overly optimistic and difficult to achieve, leading to a reassessment of the company's financial guidance [6][7]. Group 2: Legal Actions and Investigations - A securities fraud class action lawsuit has been filed against Fiserv, representing investors who acquired securities between July 23, 2025, and October 29, 2025 [3][4]. - The investigation focuses on whether Fiserv misled investors regarding its business and growth prospects, particularly in light of the drastic share price decline [7][8]. - Hagens Berman is actively seeking information from investors who suffered losses and is investigating the claims related to Fiserv's financial disclosures [2][9].