Fiserv on track for sharpest drop on record after FY forecast slash, leadership change

Jack Henry & Associates

29/10/2025 15:30

Updates

** Shares of payments firm Fiserv FI.N slide 42% to $73.25

** Stock hits lowest in nearly seven years, on track for biggest one-day percentage drop on record

** Co lowers FY revenue forecast; expects organic revenue growth of 3.5% to 4%, compared with its prior forecast of 10%

** Expects adj. EPS between $8.50 and $8.60 for 2025, down from its earlier forecast of $10.15 to $10.30

** Rival payments firm stocks also took a hit after Fiserv's results

** FIS FIS.N fell 7.9%, Global Payments GPN.N fell 6.4%, while Block XYZ.N and Jack Henry & Associates JKHY.O were down 3.5% and 2.7%, respectively

** Brokerage William Blair downgrades stock to "market perform" from "overweight"

 ** "The traditional fintech group is selling off, but we think Fiserv's challenges are company-specific" - William Blair

** FI misses analysts' estimates on Q3 revenue and profit

** Separately, co appointed Paul Todd as CFO, effective October 31, and announced transfer of its listing to Nasdaq

** 28 of 36 brokerages rate stock "buy" or higher, seven "hold" and one "sell"; their median PT is $163.50 - data compiled by LSEG

** FI was down 65.1% YTD, including session's move

(Reporting by Tharuniyaa Lakshmi, Prakhar Srivastava, and Ateev Bhandari in Bengaluru)

((tharuniyaa@thomsonreuters.com))