Fiserv Shares Rise 0.61% Amid Lawsuits as $520M Volume Ranks 194th on Forced Migration Dispute

On August 20, 2025, Fiserv (NYSE: FI) closed with a 0.61% gain, trading at a volume of $520 million, ranking 194th in market activity. The stock’s modest rise occurred amid ongoing scrutiny over its business practices, which have been central to two class action lawsuits filed by law firms alleging misrepresentation of growth metrics.

The litigation centers on Fiserv’s forced migration of merchants from its Payeezy platform to the Clover system. Plaintiffs argue that this strategy artificially inflated growth figures by masking declining organic demand for Clover. The company’s stock experienced sharp declines earlier in the year following revelations of slowing gross payment volume (GPV) growth and revised guidance. By April 2025, Clover’s GPV growth had dropped to 8% from 14–17% in 2024, prompting a 18.5% single-day price drop. Further downward pressure emerged in July when Fiserv revised its organic growth forecasts and confirmed decelerating Merchant segment revenue.

Legal actions by Kaplan Fox & Kilsheimer LLP and Faruqi & Faruqi, LLP highlight investor dissatisfaction with the company’s handling of these issues. Both firms have set a September 22, 2025 deadline for potential lead plaintiff nominations. While Fiserv’s recent 0.61% gain contrasts with earlier volatility, the lawsuits underscore persistent concerns about the sustainability of its business model and transparency in reporting.

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