Fiserv (Fi) slid due to slow growth in its product line to pay Clover Payment

Kovitz Investment Group Partners, LLCInvestment Management Company, released its letter “Kovitz Core Core Equity Strategy” for the second quarter of 2025. A copy of the letter can be Withdrawn hereS In the second quarter, the strategy returned 7.9% compared to the 10.9% return on the S&P 500. The shares markets marked remarkable instability after the President’s Liberation Day Tariff on April 2. Initially, the S&P 500 dropped by 11%, but later raised 25% in the quarter after the tariffs were postponed by 90 days on April 9. You can also review the top 5 of the fund to see its best photos for 2025

During his second investor letter in the second quarter of 2025, the strategy of Covitz’s fixed capital emphasized stocks such as Fiserv, Inc. (Nyse:Fi). Fiserv, Inc. (Nyse:Fi) is a payment service provider and Fintech. The one -month return of Fiserv, Inc. (NYSE: FI) was -20.87%, and its shares lost 16.15% of its value in the last 52 weeks. On August 5, 2025, the shares of Fiserv, Inc. (NYSE: FI) closed $ 134.28 per share with a market capitalization of $ 72.994 billion.

Kovitz Core Equity Strategy said the following about Fiserv, Inc. (NYSE: FI) In its second quarter of 2025. Investor letter:

“Fiserv, Inc. (NYSE: Fi) Shares decreased by 22% through Q2 after the company announced that volumetric growth was having fun in the company’s product line to pay Clover. Clover is a contemporary product for selling hardware and software that increases payment volumes in average teens and mid -to high range revenue. For Q1 2025, Fiserv said that due to some seasonal factors and some transitional comparative noise during the year, the increase in Clover volume is only +8%. The market reaction to the missing higher expectations was highly negative, perhaps because the clover was considered as a key Fiserv growth engine, or perhaps because the new CEO Mike Lions had just gone into the role, replacing the prices of exit, Frank Bissyano, who began his new position leading to US administration. Uncertainty can accompany changes in management, although we feel good about the deep and experienced Fiserv team. The expectations for power supply for 2025 for Fiserv have not changed. For Clover, a number of positive products improvements, launching new geographical markets, increasing distribution partnerships and direct sales support, and the general strategic road card keep us positive in the long run. In addition, revenue is accelerated in the Fiserv financial solution segment, which represents half of the revenue and more than half of the profits. Fiserv’s shares are traded with many reasonable winnings from the midst of leading, which seems cheap to its prospects for growth and the broader stock market. We added to the stock decline and we are optimistic about his or her return profile. “