Latest news with #RobertHau
Business Journals
19-05-2025
- Business
- Business Journals
Analyst: Fiserv stock drop ‘seems overdone'
The drop was a result of comments made by Fiserv Chief Financial Officer Robert Hau about the volume growth of the company's Clover system would remain flat in the second quarter.
Yahoo
16-05-2025
- Business
- Yahoo
Why Fiserv (FI) Stock Crashed Yesterday
We recently compiled a list of the Traders Flee These 10 Stocks Today. In this article, we are going to take a look at where Fiserv, Inc. (NYSE:FI) stands against other stocks that crashed yesterday. Wall Street's main indices ended mixed on Thursday as investors continued to digest a series of first-quarter earnings and key economic data. Among the three indices, only the Nasdaq registered losses, down 0.18 percent. In contrast, the Dow Jones grew by 0.65 percent while the S&P 500 rose by 0.41 percent. Meanwhile, 10 companies registered hefty losses during the session, battered by a flurry of negative news, missed estimates, and a weak outlook for the rest of the year. In this article, let us explore the 10 companies that lag in performance and identify the reasons behind their decline. To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million in trading volume. A programmer coding on a laptop in the center of a creative workspace. Shares of Fiserv Inc. fell by 16.19 percent on Thursday to close at $159.13 apiece as investor sentiment was dented by announcements that its Clover point-of-sale platform is expected to remain flat. According to Fiserv, Inc. (NYSE:FI) Chief Finance Officer Robert Hau, growth from its Clover platform is expected to be 'generally similar' due to its existing clients converting to the Clover gateway platform last year, which is not repeatable. "So we had a gateway that was non-Clover for clients that we converted over to the Clover Gateway... that doesn't repeat this year," he said. Fiserv, Inc. (NYSE:FI) is a multinational company providing financial technology and services to clients such as solutions for banking, global commerce, merchant acquiring, billing and payments, and point-of-sale. In the first quarter of the year, the company said attributable net income grew by 16 percent to $851 million from $735 million in the same period last year. Revenues increased by 5.06 percent to $5.130 billion from $4.883 billion year-on-year. Overall, FI ranks first on our list of stocks that traders flee today. While we acknowledge the potential of FI as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than FI but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: and . Disclosure: None. This article is originally published at .
Yahoo
15-05-2025
- Business
- Yahoo
Fiserv Stock Slumps as CFO Says Clover Growth Will Likely Remain Flat
Shares of Fiserv tumbled Thursday after CFO Robert Hau said growth of the company's Clover platform isn't likely to improve from last quarter. The point-of-sale platform saw 8% year-over-year volume growth in the first quarter, compared to 14% the period prior. Fiserv stock has lost more than one-quarter of its value since the company reported first-quarter results last of Fiserv (FI) tumbled Thursday after CFO Robert Hau said the company expects volume growth of its Clover point-of-sale system this quarter to remain roughly in line with its first-quarter results. The stock dropped over 16% in recent trading, making it the leading decliner on the S&P 500. Fiserv shares have fallen more than 27% since the company reported last month that first-quarter Clover volume grew 8% year-over-year, compared to 14% in the fourth quarter of 2024. Clover growth is expected to be 'generally similar' this quarter, Hau told attendees of a JPMorgan event Thursday, according to a transcript provided by AlphaSense. The CFO noted that some prior Clover volume growth was due to Fiserv's existing clients converting to the Clover gateway platform last year, which isn't repeatable. "So we had a gateway that was non-Clover for clients that we converted over to the Clover Gateway... that doesn't repeat this year," said Hau. This gateway headwind is expected to increase this quarter, Hau added. Hau's remarks come after Fiserv named former PNC President Michael Lyons as its new chief executive last week. Outgoing CEO Frank Bisignano joined the Trump administration as commissioner of the Social Security Administration following a Senate confirmation hearing. Read the original article on Investopedia
