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Levi & Korsinsky Notifies Shareholders of Fiserv, Inc. (FI) of a Class Action Lawsuit and an Upcoming Deadline
Globenewswire· 2025-09-16 21:16
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 these conversions, masking a slowdown in acquiring new merchants [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, although participation in any recovery does not require this [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4].
Why Top Investors Are Buying FISERV INC (FI)
Acquirersmultiple· 2025-09-15 22:17
Core Insights - Institutional investors are showing significant interest in Fiserv Inc. (FI), indicating a strong belief in its long-term growth potential within the financial technology sector [1][2][4]. Group 1: Notable Institutional Moves - Baupost Group LLC, led by Seth Klarman, initiated a substantial new position in FI, reflecting high conviction in its value opportunity [1]. - Point72 Asset Management, under Steve Cohen, entered FI with a meaningful allocation, highlighting hedge fund interest in fintech [2]. - Ariel Appreciation Fund, managed by John W. Rogers Jr., initiated a new stake in FI, aligning with its long-term value investing philosophy [3]. - Bridgewater Associates, led by Ray Dalio, significantly boosted its stake in FI, signaling increased confidence in fintech's role in global payment infrastructure [4]. - Gotham Asset Management, managed by Joel Greenblatt, added materially to its position, suggesting a valuation-driven bet on FI's cash flow resiliency [5]. - Giverny Capital Inc., led by Francois Rochon, modestly lifted its exposure, maintaining FI as a core holding within a concentrated portfolio [6]. - Olstein Capital Management, under Rob Olstein, nearly doubled its stake, reflecting renewed conviction in FI's valuation and growth prospects [7]. - Leon Cooperman added to his already substantial position, underscoring steady belief in FI's fundamentals [10]. - AQR Capital Management, led by Cliff Asness, made a smaller upward adjustment, continuing to hold FI as part of a diversified systematic strategy [11]. - Fisher Asset Management, under Ken Fisher, added to a relatively minor position, with a notable percentage increase given the small base [12]. - GAMCO Investors, led by Mario Gabelli, inched its stake higher, maintaining a small but steady exposure [13]. Group 2: Share Changes and Values - Notable share changes include: - Baupost Group: 895,000 shares, new position valued at $0.15 billion [9]. - Point72 Asset Management: 455,811 shares, new position valued at $0.08 billion [9]. - Ariel Appreciation Fund: 97,884 shares, new position valued at $0.02 billion [9]. - Bridgewater Associates: Increased by 98,525 shares to 1,261,873, valued at $0.22 billion [9]. - Gotham Asset Management: Increased by 25,128 shares to 99,802, valued at $0.02 billion [9]. - Giverny Capital: Increased by 18,941 shares to 648,574, valued at $0.11 billion [9]. - Olstein Capital Management: Increased by 12,500 shares to 31,500, valued at $0.00 billion [9]. - AQR Capital Management: Increased by 5,863 shares to 394,555, valued at $0.07 billion [16].
September 22, 2025 Deadline: Contact The Gross Law Firm to Join Class Action Suit Against FI
Globenewswire· 2025-09-15 19:59
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Fiserv, Inc. regarding a class action lawsuit due to alleged misleading statements and omissions related to the company's Clover platform and its impact on revenue growth [1][3]. Summary by Sections Allegations - The complaint alleges that Fiserv made materially false and misleading statements during the class period from July 24, 2024, to July 22, 2025. Key points include: - Fiserv forced Payeezy merchants to switch to its Clover platform due to issues with the older Payeezy platform [3]. - Clover's revenue and GPV (Gross Payment Volume) growth were artificially inflated by these conversions, masking a slowdown in new merchant acquisitions [3]. - Many former Payeezy merchants transitioned to competitors due to Clover's high pricing and poor customer service [3]. - As a result, Clover's GPV growth significantly slowed, and its revenue growth became unsustainable [3]. - Fiserv's positive statements regarding Clover's growth strategies and business prospects were deemed materially false and misleading [3]. Class Action Details - Shareholders who purchased Fiserv shares during the specified class period are encouraged to register for the class action. The deadline for seeking lead plaintiff status is September 22, 2025 [4]. - Participants will be enrolled in a portfolio monitoring system to receive updates on the case [4]. Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and illegal business practices [5].
Contact The Gross Law Firm by September 22, 2025 Deadline to Join Class Action Against Fiserv, Inc.(FI)
Prnewswire· 2025-09-15 12:45
NEW YORK , Sept. 15, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Fiserv, Inc. (NYSE: FI). ...
INVESTOR ALERT: Berger Montague Advises Fiserv, Inc. (NYSE: FI) Investors to Inquire About a Securities Fraud Class Action by September 22, 2025
Prnewswire· 2025-09-15 12:16
Group 1 - The core issue involves an investigation by Berger Montague PC into potential securities law violations by Fiserv, Inc. following a class action lawsuit filed against the company and its executives [1][3] - The class action lawsuit pertains to investors who purchased Fiserv securities between July 24, 2024, and July 22, 2025, alleging that the company overstated its growth by not disclosing issues related to its Clover payment platform [3][2] - Investors have a deadline of September 22, 2025, to seek appointment as lead plaintiff representatives in the class action [2][4] Group 2 - Fiserv is recognized as a leading provider of financial services technology, including payment and processing systems utilized by institutions globally [2] - The lawsuit claims that Fiserv's executives misrepresented the company's performance by failing to reveal that the revenue growth of Clover was artificially inflated due to the forced transition of merchants from the legacy Payeezy platform [3]
Fiserv, Inc. Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before September 22, 2025 to Discuss Your Rights - FI
Prnewswire· 2025-09-12 12:45
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 from Payeezy, 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]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, and participation does not require serving as a lead plaintiff [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing significant settlements for shareholders and is recognized as one of the top securities litigation firms in the United States [4].
Fiserv: Undervalued Fintech Positioned For Double-Digit Growth (NYSE:FI)
Seeking Alpha· 2025-09-11 16:38
Core Insights - Fiserv, Inc. (NYSE: FI) is a financial technology company specializing in payment processing and money movement solutions, connecting financial institutions and businesses globally [1] - The stock has experienced a significant decline of 33% year-to-date, indicating potential concerns regarding its market performance [1] Company Overview - Fiserv provides reliable solutions that facilitate transactions between financial institutions and their customers [1] - The company operates in a competitive financial technology sector, which is influenced by macroeconomic trends and central bank policies [1] Market Context - The decline in Fiserv's stock price may reflect broader market dynamics and investor sentiment towards financial technology companies [1] - The analysis emphasizes the importance of understanding macro trends and their impact on asset prices and investor behavior [1]
FI DEADLINE: ROSEN, REGARDED INVESTOR COUNSEL, Encourages Fiserv, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important Deadline in Securities Class Action – FI
Globenewswire· 2025-09-10 20:51
Core Viewpoint - Rosen Law Firm is reminding investors who purchased common stock of Fiserv, Inc. 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 purchases 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 to serve as lead plaintiff by September 22, 2025 [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 conversions, masking a slowdown in new merchant business [4]. - The lawsuit further states 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 [4].
Contact The Gross Law Firm by September 22, 2025 Deadline to Join Class Action Against Fiserv, Inc. (FI)
Globenewswire· 2025-09-10 19:47
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Fiserv, Inc. regarding a class action lawsuit due to alleged misleading statements and omissions related to the company's Clover platform and its impact on merchant business [1][3]. Group 1: Allegations Against Fiserv - The complaint alleges that Fiserv forced Payeezy merchants to convert to its Clover platform due to issues with the older Payeezy platform [3]. - Clover's revenue growth was temporarily inflated by these conversions, masking a slowdown in new merchant acquisitions [3]. - A significant number of former Payeezy merchants switched to competitors due to Clover's high pricing and inadequate customer service [3]. - As a result of these merchant losses, Clover's GPV (Gross Payment Volume) growth slowed significantly, and its revenue growth became unsustainable [3]. - Fiserv's positive statements regarding Clover's growth strategies and business prospects during the class period were deemed materially false and misleading [3]. Group 2: Class Action Details - The class period for the lawsuit is from July 24, 2024, to July 22, 2025 [3]. - Shareholders are encouraged to register for the class action by September 22, 2025, to potentially be appointed as lead plaintiffs [4]. - There is no cost or obligation for shareholders to participate in the case, and they will receive updates through a portfolio monitoring software [4]. Group 3: Firm's Commitment - The Gross Law Firm aims to protect investors' rights against deceit and illegal business practices, ensuring companies adhere to responsible business practices [5]. - The firm seeks recovery for investors who suffered losses due to misleading statements that inflated stock prices [5].
Fiserv Ranked No. 1 in IDC FinTech Rankings Top 100 For Third Consecutive Year
Businesswire· 2025-09-10 17:00
Core Insights - Fiserv, Inc. has been ranked first in the 2025 IDC FinTech Top 100 Rankings for the third consecutive year, highlighting its strong position in the financial technology sector [1] Company Performance - The recognition emphasizes Fiserv's unique role at the intersection of banking and commerce, showcasing its ability to scale leading technology globally to meet client needs [1]