Fiserv, IncNasdaq: FISV
Financials · Transaction & Payment Processing Services
$49.84
+4.02%
Vol: 13.9M
Research Digest
Tuesday, June 16, 2026
Fiserv named Takis Georgakopoulos CEO effective June 15 after Mike Lyons abruptly left to run Truist, sending the stock to near decade-low levels.
On June 15, 2026, Fiserv announced that CEO Michael Lyons stepped down to become president and CEO of Truist Financial, with Co-President Takis Georgakopoulos appointed CEO and board member effective immediately. The abrupt leadership transition rattled investors, sending FISV to its lowest level in almost a decade; the stock is down more than 25% year-to-date and nearly 70% over the trailing 12 months, badly underperforming the S&P 500. Alongside the change, Fiserv reaffirmed its 2026 outlook of 1%-3% organic revenue growth and adjusted EPS of $8.00-$8.30. Georgakopoulos previously led Technology and Merchant Solutions as Co-President and COO, signaling continuity in the core merchant/Clover business. The bear case is that a sudden CEO exit to a competitor-adjacent role amid a multi-year stock collapse raises questions about execution and growth durability; Morningstar called 2026 a 'reset year' with marginal top-line growth and margin compression. Retail sentiment turned neutral from bullish on hopes for a turnaround under new leadership.
Previous Market Intelligence
13 daysJun 15No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 21Fiserv hosted Investor Day setting 2029 EPS target above $12 and announced OpenAI strategic collaborationMixed▶
Fiserv hosted its Investor Day on May 14, 2026, outlining 2027-2029 guidance including adjusted revenue CAGR of 4-6%, operating margins above 37%, and adjusted EPS exceeding $12.00 by 2029. The company also announced a strategic collaboration with OpenAI to bring AI to financial institutions through agent development on the agentOS platform. Additionally, Fiserv formed a joint venture with Bridgeport Partners covering its ATM Managed Services, Cash & Logistics, and MoneyPass businesses. These announcements aim to restore investor confidence after Q1 2026 results showed organic revenue declining 4% and adjusted EPS falling 16%, with shares dropping 8.8% post-earnings. Risk: execution of the long-term plan and continued margin pressure remain in focus.
May 20Fiserv presents at investor conference May 19 following Investor Day, OpenAI collaboration, and Bridgeport JV.Mixed▶
Fiserv announced participation at an investor conference on May 19, 2026, capping a busy week after its May 14 Investor Day where leadership reaffirmed 2026 guidance (organic revenue growth 1-3%, adjusted EPS $8.00-$8.30) and set 2029 targets including adjusted revenue CAGR of 4-6% and EPS above $12.00. On May 13, Fiserv announced a definitive JV agreement with Bridgeport Partners covering ATM Managed Services, Cash & Logistics, and MoneyPass businesses. The company also disclosed a strategic collaboration with OpenAI to modernize how financial institutions operate. Q1 2026 results showed GAAP revenue down 2% to $5.03B with adjusted EPS down 16%. Multiple analysts cut price targets in May (Baird to $78, Mizuho to $90, TD Cowen to $64), reflecting near-term execution concerns despite long-term roadmap clarity.
May 19No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 18Fiserv hosted May 14 Investor Day setting 2027-2029 targets including adjusted EPS >$12 by 2029 and announced OpenAI collaborationPositive▶
Fiserv held its 2026 Investor Day on May 14 in New York, reaffirming 2026 guidance (organic revenue +1-3%, adjusted EPS $8.00-8.30) and providing a 2027-2029 outlook of 4-6% adjusted revenue CAGR, >37% operating margins, and adjusted EPS exceeding $12 by 2029. The company also announced a strategic AI collaboration with OpenAI to modernize financial institution operations and a JV with Bridgeport Partners encompassing ATM Managed Services, Cash & Logistics, and MoneyPass businesses. Mid-May analyst actions were mixed: BMO Capital raised PT to $60 from $55 while TD Cowen lowered to $64 from $68. Q1 2026 adjusted EPS fell 16% YoY which weighed on shares earlier.
May 15Fiserv hosts May 14 Investor Day reaffirming 2026 guidance and sets $12+ adjusted EPS target by 2029Mixed▶
On May 14, 2026, Fiserv held its Investor Day in which leadership reaffirmed 2026 guidance (1-3% organic revenue growth, $8.00-$8.30 adjusted EPS) and detailed a 2027-2029 outlook calling for 4-6% adjusted revenue CAGR, adjusted operating margins above 37%, and adjusted EPS exceeding $12 by 2029. On May 13, the company announced a definitive joint-venture agreement with Bridgeport Partners encompassing its ATM Managed Services, Cash & Logistics, and MoneyPass businesses. Fiserv also unveiled a strategic OpenAI collaboration to modernize financial-institution operations, and opened its first Clover manufacturing facility in the Americas in Betim, Brazil on May 7. Q1 2026 GAAP revenue fell 2% to $5.03B (organic -4%) with adjusted EPS down 16%. Baird cut its target to $78 from $92. Consensus is Hold across 12 analysts amid execution and growth concerns.
May 14Fiserv announces Bridgeport Partners JV for ATM/cash businesses; multiple analyst PT cuts after weak Q1Negative▶
On May 13, Fiserv announced a definitive agreement with Bridgeport Partners to form a joint venture covering ATM Managed Services, Cash & Logistics, and MoneyPass businesses. The same day, Fiserv was named No. 1 U.S. merchant acquirer in the Nilson Report. Q1 2026 results showed GAAP revenue down 2% and organic revenue down 4%, with adjusted EPS down 16% to $1.79 (vs. $1.57 estimate). 2026 guidance affirmed at organic revenue growth 1-3% and adjusted EPS $8.00-$8.30. Multiple analysts cut PTs on May 7: Baird to $78, Mizuho to $90, RBC to $75, UBS to $65. 2026 Investor Day on May 14 in NYC.
May 13Fiserv hosts 2026 Investor Day May 14 after Q1 2026 EPS fell 29% YoY and shares dropped 7% on weak organic revenue.Negative▶
Fiserv reported Q1 2026 GAAP revenue of $5.03B down 2% YoY, with GAAP EPS at $1.07 (-29%) and adjusted EPS down 16%. Shares fell 7% to $58.15 post-earnings, with organic revenue down 4%. Analyst targets were trimmed across multiple firms citing softer Banking and Financial Solutions outlook. The company affirmed 2026 organic revenue growth of 1-3% and adjusted EPS of $8.00-$8.30. Fiserv will host its 2026 Investor Day in New York on May 14. New developments: opened first Clover manufacturing facility in Brazil and announced Clover Reserve fine-dining solution with Tabit on May 12.
May 12Fiserv stock plunged 9.5% on May 5, 2026 after Q1 organic revenue declined 4% and EPS fell 16%, triggering multiple analyst price target cuts.Negative▶
Fiserv reported Q1 2026 results on May 5, with GAAP revenue declining 2% to $5.03 billion and organic revenue down 4%, while GAAP EPS fell 29% and adjusted EPS dropped 16% to $1.79 (beating estimates by $0.21 but with revenue $50M short). The stock fell 9.5% on May 5 while the S&P 500 was up 0.9%. Multiple analysts lowered price targets: Baird to $78 from $92, Mizuho to $90 from $100, RBC Capital to $75 from $85, UBS to $65 from $70. Fiserv affirmed full-year 2026 organic revenue growth outlook of 1%-3% and adjusted EPS of $8.00-$8.30. On May 7, the company opened its first Clover manufacturing facility in the Americas in Betim, Brazil. Investor Day was held May 14, 2026 in New York City.
May 11Fiserv opens first Clover Americas factory in Brazil on May 7 after Q1 revenue declined 2% and stock sank on guidanceMixed▶
On May 7, 2026, Fiserv opened its first Clover manufacturing facility in the Americas in Betim, Brazil, expanding its global manufacturing footprint. Q1 2026 GAAP revenue was $5.03 billion (down 2% YoY), with adjusted EPS of $1.79 vs $1.57 estimate beating consensus but adjusted EPS down 16% YoY. GAAP EPS fell 29% to $1.07. Merchant Solutions was flat while Financial Solutions declined 5%. Fiserv affirmed FY2026 organic revenue growth of 1-3% and adjusted EPS guidance of $8.00-$8.30. Stock sank on weak top-line momentum. Investor Day scheduled for May 14 to provide strategy and medium-term outlook updates.
May 8Fiserv posted weaker Q1 2026 results with 4% organic revenue decline; multiple analysts lowered price targets on May 7.Negative▶
Fiserv reported Q1 2026 GAAP revenue down 2% to $5.03 billion and organic revenue decline of 4%. GAAP EPS decreased 29% and adjusted EPS fell 16%. Despite disappointing results, the company maintained 2026 guidance for 1-3% organic revenue growth and $8.00-$8.30 adjusted EPS. Multiple analysts lowered targets: Baird to $78 from $92, Mizuho to $90 from $100, RBC Capital to $75 from $85, and UBS to $65 from $70 on May 7. Fiserv expanded with a new Clover facility in Brazil and partnered with Peoples Group on Canada next-generation payments platform.
May 7Fiserv reported Q1 2026 organic revenue decline of 4% on May 5, but beat adjusted EPS estimates at $1.79.Negative▶
Fiserv reported Q1 2026 GAAP revenue decline of 2% with organic revenue down 4%. Adjusted EPS of $1.79 beat estimates by $0.21, but revenue came in $50 million below expectations. GAAP EPS declined 29% YoY to $1.07. Despite the earnings beat, stock fell 9.5% as analyst sentiment turned to Hold due to weak organic growth and flat Merchant Solutions revenue. Investor Day scheduled for May 14, 2026.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| VVISA | $333.09 | +2.86% | +0.1% | 22.4x | 0.77 | $633.5B |
| MAMASTERCARD | $500.97 | +2.10% | -0.9% | 22.0x | 0.74 | $443.0B |
| XYZBLOCK | $74.45 | +0.13% | +5.7% | 15.0x | 2.55 | $44.4B |
| PYPLPAYPAL | $43.66 | +2.75% | -1.7% | 7.6x | 1.34 | $38.5B |
| FISVFISERV | $49.84 | +4.02% | -12.1% | 5.6x | — | $26.6B |
| CPAYCORPAY | $360.27 | +1.92% | +3.4% | 11.8x | 0.87 | $23.6B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price below 200d MA — bearish structure.