What smart money is saying about Fiserv
10 funds in our archive have pitched Fiserv, most recently Camissa Asset Management in June 2026.
Fiserv, Inc., along with its global subsidiaries, provides a comprehensive array of technology solutions for payment processing and financial services around the world. The company's operations are divided into three core segments: Acceptance, Fintech, and Payments. The Acceptance division is dedicated to facilitating commerce for merchants. Its offerings encompass point-of-sale (POS) merchant acquiring, digital commerce solutions, and mobile payment services, alongside robust security and fraud protection features. Notable products within this segment include Carat, an integrated omnichannel commerce platform; Clover, a cloud-based solution for POS and business management; and Clover Connect, a specialized platform for independent software vendors. This segment's products are distributed through a variety of channels, including direct sales teams, strategic alliances with agent sales forces, independent software developers, financial institutions, and other key partners. The Fintech segment delivers systems for managing customer deposit and loan accounts, as well as tools for maintaining an institution's general ledger and central information files. Additionally, this division provides digital banking platforms, financial and risk management software, professional services and consulting, item processing and source capture technologies, and a range of other related products and services. The Payments segment specializes in various card transaction services, including the processing of debit, credit, and prepaid cards. It also offers security and fraud prevention, card production, print services, and a variety of network services. Beyond card-based solutions, this segment provides software and services for non-card digital payments, such as bill payment, account-to-account transfers, person-to-person (P2P) payments, electronic billing, and additional security and fraud protection products. Fiserv serves a diverse clientele that includes businesses, banks, credit unions, other financial institutions, merchants, and corporate clients. The company was founded in 1984 and is headquartered in Brookfield, Wisconsin.
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Fund signal · last 12 months
9 lettersToo few moves on Fiserv yet for a clear signal
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q1 2025 and Q3 2026, 21 fund letters reported a position in Fiserv, with 2 buys (opened or added) and 8 sells (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 1 | 0 | 1 | 0 |
| Q2 2026 | 5 | 0 | 0 | 1 |
| Q1 2026 | 1 | 0 | 0 | 0 |
| Q4 2025 | 2 | 1 | 1 | 4 |
| Q3 2025 | 4 | 0 | 2 | 3 |
| Q2 2025 | 7 | 1 | 3 | 2 |
| Q1 2025 | 1 | 0 | 1 | 0 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 21 positions · 10 moves
- September 2026
“In our mid cap portfolio, we maintained our position in ADI Global Distribution and chose to exit Midera Food Processing, Inc., as well as Fiserv Inc. (FISV) to pursue other opportunities.”
Fiserv - HoldsGator Financial Partners Financials Sector Hedge FundsJune 2026
“The largest detractors were long positions in Fiserv and Carlyle and short positions in TD Bank, Citigroup, and KeyCorp.”
Fiserv - June 2026
“Stock selection was weakest within Financials holdings such as Fiserv and London Stock Exchange.”
Fiserv - June 2026
“Stock selection was weakest within Financials holdings such as Fiserv and White Mountains Insurance.”
Fiserv - June 2026
“Fiserv (FISV), a leading provider of payments and nancial technology solutions, was the second-largest detractor.”
Fiserv - HoldsCamissa Asset ManagementJune 2026
“Our global fund clients therefore hold Fiserv.”
Fiserv - HoldsAriel Focused ValueMarch 2026
“Conversely, global payments and financial technology leader, Fiserv (FISV) declined over the quarter despite reporting in- line earnings results and 2026 guidance. Although the closely watched Clover business showed modest underperformance, we believe broader macroeconomic concerns and fears of AI- related disruption rather than company specific fundamentals are weighing on the company’s share price. While the current valuation reflects a narrow focus on 2026 as a transitional year, we continue to hold the position given Fiserv’s scale, market leadership and deep client relationships, which we believe support durable recurring revenue and long-term participation in the continued shift toward digital payments.”
Fiserv - New positionDavis Financial FundDecember 2025
“However, given their strong market performance during the year, we have trimmed our exposure to banks (primarily BNY Mellon, DBS and Danske) and redeployed that capital into property & casualty reinsurers (Everest Group and RenaissanceRe), select payments-related companies (Fiserv and Chime) and a family- controlled investment holding company, Exor.”
Fiserv - December 2025
“Bottom Quarterly Contributors AutoZone shares fell during the quarter as margin performance fell short of elevated investor expectations, despite continued strength in underlying demand for auto parts and accessories. Fiserv stock declined as investors reacted negatively to execution struggles and a reset of the financial technology company’s earnings algorithm. We sold the position during the quarter.”
Fiserv - September 2025
“ We trimmed KKR & Co. (KKR) and added to Charles Schwab (SCHW) and Fiserv (FI) in Financials.”
Fiserv - September 2025
“Executive Summary • The Fund slightly underperformed its benchmark and slightly overperformed its peer group in the third quarter. • UnitedHealth Group (UNH) has been a prominent detractor from relative performance in 2025. However, the company rebounded nicely in the third quarter and our long-term belief in the company remains. Fiserv (FI) has also negatively impacted relative performance for the Fund.”
Fiserv - September 2025
“Executive Summary • The Fund has underperformed its benchmark by 4.9% year-to-date due to equity underperformance. • UnitedHealth Group (UNH) underperformed and is a large holding in the Fund. The stock was hampered by financial missteps, reduced earnings guidance, and an abrupt CEO departure. We have confidence going forward but have not meaningfully adjusted our position. • Fiserv (FI) also underperformed and is a large holding in the Fund.”
Fiserv - TrimmedTCW Relative Value Large CapSeptember 2025
“Fiserv, Intercontinental Exchange (ICE), and IBM were the weakest performers in the quarter. Fiserv was the weakest performer in the quarter, falling in July after the company reported mixed second quarter results.”
Fiserv - June 2025
“The bottom five detractors for the quarter were Fiserv, Arch Capital Group, Copart, Alcon, and Progressive. Fiserv’s shares sold off sharply in the quarter due to a slowdown in volume growth at its Clover payment processing unit.”
Fiserv - June 2025
“We eliminated the following position(s) during the period: • Danone • Fiserv • Fresenius Medical Care • Lloyds Banking Group”
Fiserv - June 2025
“We eliminated the following position(s) during the period: • Fiserv • NAVER”
Fiserv - June 2025
“Top detractors: • Fiserv was a detractor during the quarter.”
Fiserv - June 2025
“l We eliminated the following position(s) during the period: • Allianz • Anheuser-Busch InBev • Fiserv • Lloyds Banking Group • TIS Inc”
Fiserv - June 2025
“Fiserv Inc.’s shares declined in the quarter based on deceleration in the company’s Clover business, which sells terminals and accepts payments for small, mid-sized, and large businesses.”
Fiserv - New positionAriel Appreciation FundJune 2025
“We initiated two new positions during the quarter. We added Fiserv, Inc. (FI), leading global provider of payment processing and financial services technology solutions.”
Fiserv - ExitedVulcan VPMarch 2025
“We sold four positions during the quarter: Live Nation Entertainment Inc., Marriott International Inc., Fiserv Inc., and Abbott Laboratories.”
Fiserv
Also mentioned · 3
These funds discuss Fiserv as a competitor, benchmark or comparable, without disclosing a position in it.
- MentionedEmeth Value CapitalJune 2026
“Sharpening the Contradictions – Shift4 vs. Within the payments landscape there are many noteworthy publicly listed and private companies, and while none offers a perfect comparable, it is worth assessing the similarities and differences versus Shift4. To start, many payments companies – not just Shift4 – own a proprietary POS system. Fiserv has its Clover platform, Global Payments has Genius POS (formerly Heartland POS and Xenial POS), and Nexi has Nexi SmartPOS.”
Fiserv - December 2024
“Payments (2024 $16,007,640 revenue, 19% of total revenue) The payments division had been started as a result of the fear that cash usage would go away one day and is a hedge if it occurs. It is integrated into bank payment flows via Fiserv, Jack Henry, FIS, FinAsta, etc.”
Fiserv - December 2024
“Payments (2024 $16,007,640 revenue, 19% of total revenue) The payments division had been started as a result of the fear that cash usage would go away one day and is a hedge if it occurs. It is integrated into bank payment flows via Fiserv, Jack Henry, FIS, FinAsta, etc.”
Fiserv
Fund coverage · 10 theses
- Camissa Asset ManagementJune 2026
Fiserv combines entrenched core banking software with the fast-growing Clover merchant platform, and its mission-critical position, high switching costs and capital-light model support recurring cash flows that the current share price underestimates.
Read the full thesis - Ariel Focused ValueDecember 2025
Fiserv is a leading payments and fintech provider with scale, high switching costs and recurring revenue, resetting expectations ahead of long-term digital payments growth.
Read the full thesis - Patient Capital ManagementDecember 2025
Fiserv is a leading payments platform with embedded client relationships resetting under a new CEO, with a path back to double-digit EPS growth by 2027.
Read the full thesis - Vulcan Value PartnersDecember 2025
Fiserv, Inc. is a high-recurring-revenue fintech reinvesting to strengthen long-term growth after uncovering issues, creating an attractive opportunity despite near-term guidance cuts.
Read the full thesis - Oakmark FundDecember 2025
Fiserv is a bank software and payments processor with attractive assets, leadership upgrades, and an appealing valuation versus expected growth.
Read the full thesis - Vulcan Value PartnersSeptember 2025
Fiserv Inc. is a financially robust global payments solutions provider with high customer retention and substantial free cash flow, positioning it as a valuable investment opportunity.
Read the full thesis - Vltava FundSeptember 2025
Fiserv is a leading American financial technology provider with robust growth potential, strong market positioning, and a focus on digital payment solutions, despite recent share price fluctuations.
Read the full thesis - Ariel Focus FundSeptember 2025
Fiserv, Inc. is a leading global provider of payment processing and financial services technology solutions, offering a rare opportunity to invest in a best-in-class business poised for growth amid strong demand for innovative financial technology.
Read the full thesis - Giverny CapitalJune 2025
Fiserv is a resilient growth company with a 39-year track record of 10% earnings growth, serving as the key technology provider for regional banks and offering significant potential through products like Clover.
Read the full thesis - Ariel Appreciation FundJune 2025
Fiserv, Inc. is a leading global provider of payment processing and financial services technology solutions, offering a best-in-class business with strong growth potential despite a recent stock pullback.
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