Fiserv (FI) Slid on Slower Growth in Its Merchant Acceptance Segment

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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};be("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat(Vn)),notifLabel:document.querySelector(".".concat($n))};t.notifDropdown&&ro(e,t)}))}()}};]]>Soumya EswaranWed, Sep 10, 2025, 2:59 PM 3 min readRenaissance Investment Management, an investment management company, released its Q2 2025 “Large Cap Growth Strategy” investor letter. A copy of the letter can be downloaded here. The stock market experienced significant volatility in the second quarter, and yet, the S&P 500 posted an all-time high by the end of June. The liberation day tariff announcement set off havoc in the market, causing stock prices to drop 7% from April 2 to April 7. However, the market rebounded and gained more than 22% from the April 7 low through the end of June. The Russell 1000 Growth returned 17.8% and the S&P 500 returned 10.9% in the quarter. Large caps significantly outperformed their small-cap counterparts, and growth outperformed value. Against this backdrop, the strategy outperformed the S&P 500 Index but underperformed the Russell 1000 Growth benchmark. For more information on the fund’s best picks in 2025, please check its top five holdings.In its second-quarter 2025 investor letter, Renaissance Large Cap Growth Strategy highlighted stocks such as Fiserv, Inc. (NYSE:FI). Fiserv, Inc. (NYSE:FI) is a payment and fintech services provider. The one-month return of Fiserv, Inc. (NYSE:FI) was 3.09%, and its shares lost 20.88% of their value over the last 52 weeks. On September 09, 2025, Fiserv, Inc. (NYSE:FI) stock closed at $136.41 per share, with a market capitalization of $74.15 billion.Renaissance Large Cap Growth Strategy stated the following regarding Fiserv, Inc. (NYSE:FI) in its second quarter 2025 investor letter:"On the negative side, Fiserv, Inc. (NYSE:FI) was the largest detractor from portfolio performance in the second quarter. Despite reporting operating results that saw organic revenue growth exceed expectations, the stock underperformed on slowing growth in its merchant acceptance segment, primarily driven by a slowdown in Clover, the company’s cloud-based point-of-sale product. Nevertheless, we are encouraged by the stability in its core merchant segment and believe that Clover can show reaccelerating growth in the second half of this year."UP Fintech (TIGR) Jumps 13% Ahead of EarningsFiserv, Inc. (NYSE:FI) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 94 hedge fund portfolios held Fiserv, Inc. (NYSE:FI) at the end of the second quarter, which was 72 in the previous quarter. In the second quarter of 2025, Fiserv, Inc.’s (NYSE:FI) adjusted revenue grew 8% to $5.2 billion. While we acknowledge the potential of Fiserv, Inc. (NYSE:FI) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,587.47 +55.43 (+0.85%)Dow 3046,108.00 +617.08 (+1.36%)Nasdaq22,043.07 +157.01 (+0.72%)Russell 20002,421.53 +43.52 (+1.83%)VIX14.71 -0.64 (-4.17%)Gold3,673.40 -0.20 (-0.01%)PortfolioSign in to access your portfolioSign inTop gainersOPEN Opendoor Technologies Inc. 10.52 +4.66 (+79.52%)WBD Warner Bros. Discovery, Inc. 16.17 +3.63 (+28.95%)CRCL Circle Internet Group 133.70 +20.01 (+17.60%)MENS Jyong Biotech Ltd. 64.42 +9.29 (+16.85%)LION Lionsgate Studios Corp. 7.66 +1.05 (+15.89%)Top losersQMMM QMMM Holdings Limited 75.53 -33.97 (-31.02%)RNA Avidity Biosciences, Inc. 41.04 -5.36 (-11.55%)TVTX Travere Therapeutics, Inc. 25.00 -2.31 (-8.46%)KLAR Klarna Group plc 42.74 -3.08 (-6.72%)PAY Paymentus Holdings, Inc. 32.90 -2.27 (-6.45%)Most activeOPEN Opendoor Technologies Inc. 10.52 +4.66 (+79.52%)WBD Warner Bros. Discovery, Inc. 16.17 +3.63 (+28.95%)NVDA NVIDIA Corporation 177.17 -0.15 (-0.08%)AAL American Airlines Group Inc. 12.95 +0.13 (+1.01%)SNAP Snap Inc. 7.29 +0.24 (+3.40%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersADBE Adobe Inc. 350.55 +0.39 (+0.11%)OPEN Opendoor Technologies Inc. 10.52 +4.66 (+79.52%)WBD Warner Bros. 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