Fiserv’s 0.41% Rally Hides 520M Volume Slide to 183rd as Clover Lawsuit Sparks 44% Stock Decline

Fiserv (FI) rose 0.41% on August 8, 2025, with a trading volume of $520 million, down 37.68% from the prior day, ranking 183rd in market liquidity. The stock’s performance follows ongoing legal challenges linked to alleged misstatements about its Clover platform’s growth prospects. A class-action lawsuit claims Fiserv forced Payeezy merchants to migrate to Clover, temporarily inflating growth metrics while concealing operational weaknesses. The company reported Clover’s gross payment volume (GPV) growth slowed to 8% in Q1 2025, down from 14%-17% in prior years, triggering a 18.5% stock drop in April. Further disclosures in May and July, including revised growth guidance, led to additional declines of 16.2% and 13.8%, respectively. Investors who purchased shares between July 24, 2024, and July 22, 2025, have until September 22, 2025, to seek lead plaintiff status in the litigation.

The litigation centers on alleged material misrepresentations about Clover’s sustainability. The complaint alleges that forced Payeezy conversions artificially boosted Clover’s metrics, while post-conversion attrition to competitors—driven by high pricing and poor service—accelerated GPV slowdowns. Fiserv’s revised guidance in July 2025 confirmed decelerating organic revenue growth in its Merchant segment, compounding investor concerns. Legal firms are urging affected shareholders to evaluate claims under federal securities laws, with multiple law firms setting the same September 22 deadline for lead plaintiff motions.

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