StockNews.AI
FI
StockNews.AI
19 days

INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Fiserv, Inc. of Class Action Lawsuit and Upcoming Deadlines - FI

1. A class action lawsuit has been filed against Fiserv for securities fraud. 2. Fiserv reported 8% GPV growth, down from 14-17% in 2024. 3. Stock price dropped significantly after disappointing GPV and revenue forecasts. 4. Continued deceleration in GPV growth forecasted for 2025. 5. Potential legal costs and damages may impact Fiserv's financial health.

5m saved
Insight
Article

FAQ

Why Very Bearish?

The lawsuit and declining growth rates suggest significant investor concerns. Historically, such lawsuits often lead to long-term stock price declines as seen with companies like Enron and Lehman Brothers.

How important is it?

The lawsuit signals a major financial and reputational risk for Fiserv, impacting investor sentiment and future revenues.

Why Long Term?

Ongoing legal battles and declining growth can deter investor confidence for years. Precedents show that resolution of class actions often takes time, adversely affecting stock performance.

Related Companies

VMAPYPLADP
, /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Fiserv, Inc. ("Fiserv" or the "Company")(NYSE: FI). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. The class action concerns whether Fiserv and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. You have until September 22, 2025 to ask the Court to appoint you as Lead Plaintiff for the class if you purchased or otherwise acquired Fiserv securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com.         [Click here for information about joining the class action] On April 24, 2025, Fiserv reported Clover gross payment volume ("GPV") growth of only 8% for the first quarter of 2025, a material stepdown from 2024 GPV rates between 14% and 17%.  The Company attributed this slowing growth to lower 2025 transaction volumes from merchants who had converted from Payeezy, Fiserv's older point-of-sale ("POS") platform, to the Company's newer Clover platform.  On this new, Fiserv's stock price fell $40.20 per share, or 18.52%, to close at $176.90 per share on April 24, 2025.  Then, on May 15, 2025, Fiserv disclosed that GPV growth deceleration would continue through 2025.  On this news, Fiserv's stock price fell $30.73 per share, or 16.19%, to close at $159.13 per share on May 15, 2025.  Finally, on July 23, 2025, Fiserv lowered the top end of its full-year organic growth guidance range and confirmed that its quarterly organic revenue in the Merchant segment had decelerated to 9% year-over-year from 11% in the previous quarter.  On this news, Fiserv's stock price fell $22.90 per share, or 13.85%, to close at $143.00 per share on July 23, 2025 Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com. Attorney advertising.  Prior results do not guarantee similar outcomes.   CONTACT:Danielle PeytonPomerantz LLP[email protected] 646-581-9980 ext. 7980 SOURCE Pomerantz LLP WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

Related News