Julie & Holleman Investigates Potential Claims Against Fiserv, Inc. for Shareholder Losses
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Globenewswire
- Legal Investigation Launched: Julie & Holleman LLP is investigating potential claims against Fiserv, Inc. related to shareholder losses due to the company's concealment of business performance and growth prospects, potentially leading to millions in damages.
- Cover-Up Allegations: The complaint alleges that Fiserv concealed issues with its older Payeezy platform and artificially boosted revenues through forced migrations to the Clover platform, resulting in significant customer attrition and harming the company's business.
- Stock Price Plummet: Following the revelation of these issues, Fiserv's stock price has significantly declined, reflecting serious market concerns regarding the company's governance and financial transparency, which may impact future investor confidence.
- Law Firm Background: Julie & Holleman LLP is a boutique law firm specializing in shareholder litigation, having successfully recovered hundreds of millions for clients in the past, demonstrating its extensive experience and expertise in handling similar cases.
Analyst Views on FISV
Wall Street analysts forecast FISV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FISV is 95.61 USD with a low forecast of 62.00 USD and a high forecast of 180.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
28 Analyst Rating
8 Buy
20 Hold
0 Sell
Moderate Buy
Current: 65.730
Low
62.00
Averages
95.61
High
180.00
Current: 65.730
Low
62.00
Averages
95.61
High
180.00
About FISV
Fiserv, Inc. is a global provider of payments and financial services technology solutions. Its segments include Merchant Solutions (Merchant) and Financial Solutions (Financial). The businesses in its Merchant segment provide commerce-enabling products and services to companies of all sizes around the world. These products and services include merchant acquiring and digital commerce services; mobile payment services; security and fraud protection solutions; stored-value solutions; software-as-a-service; POS devices; and pay-by-bank solutions. The business lines in its Merchant segment consist of small business, enterprise, and processing. The businesses in its Financial segment provide products and services to financial institutions, corporate and public sector clients across the world, enabling the processing of customer loan and deposit accounts, digital payments and card transactions. The business lines in its Financial segment consist of digital payments, issuing, and banking.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
