Fiserv, Inc. (FI) Hit by Lawsuit Over Clover Woes as Growth Slows

We recently compiled a list of the 10 Best Strong Buy Tech Stocks to Buy. Fiserv, Inc. stands ninth on our list.

Fiserv, Inc. (NYSE:FI), a Fortune 500 and S&P 500 company, is a global leader in payments and financial technology, offering services such as account processing, digital banking, e-commerce, and merchant acquiring. Its Clover point-of-sale system remains a key component of its merchant business.

In its Q2 2025 earnings report released on July 23, Fiserv, Inc. (NYSE:FI) reported 8% year-over-year revenue growth and earnings per share above estimates. However, the company revised the upper end of its full-year organic growth guidance downward due to a slowdown in its merchant segment, which grew 9% year-over-year, down from 11% in the prior quarter.

A major issue stems from the corporation’s Clover platform. Previously, merchants using the Payeezy platform were migrated to Clover due to issues with Payeezy, temporarily boosting Clover’s revenue and gross payment volume. However, many of these merchants later left for competitors, citing high fees and service challenges, which contributed to a deceleration in Clover’s growth and sparked investor concerns. These developments led to stock price declines as market confidence wavered.

Adding to the pressure, Fiserv, Inc. (NYSE:FI) now faces a class action lawsuit accusing the company of misleading investors about Clover’s growth, sustainability, and the effects of the forced Payeezy migration. Despite the setbacks, institutional investors such as Cetera Investment Advisers and Nemes Rush Group have increased their holdings in the company, signaling some continued long-term confidence in best strong buy stocks like Fiserv, Inc. (NYSE:FI)’s broader strategy and diversified fintech offerings.

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