Fiserv (FI) Traded Down Due to Deceleration In Its Clover Business

Macquarie Asset Management, an investment management company, released its “Macquarie Core Equity Fund” investor letter for the second quarter of 2025. A copy of the letter can be downloaded here. The US large-cap equity market surged in Q2 2025, with the S&P 500® Index rising 10.94%. The equity market’s strength was due to reduced concerns over the possibility of President Trump quickly imposing harsh tariffs. Later, the administration put a pause on the tariff implementation. In this environment, the Macquarie Core Equity Fund’s Institutional Class returned 11.94% surpassing the benchmark, the S&P 500 Index. Eighty percent of the relative performance was driven by sector selection, and individual security selection accounted for the remainder. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its second-quarter 2025 investor letter, the Macquarie Core Equity Fund 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 -4.88%, and its shares lost 25.19% of their value over the last 52 weeks. On September 18, 2025, Fiserv, Inc. (NYSE:FI) stock closed at $132.87 per share, with a market capitalization of $72.227 billion.

Macquarie Core Equity Fund stated the following regarding Fiserv, Inc. (NYSE:FI) in its second quarter 2025 investor letter:

“Fiserv, Inc.’s (NYSE:FI) 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. Though we believe the extent of the slowdown is largely temporary, we will watch further quarterly results to prove out our thesis that Fiserv remains one of the best and reasonably valued ways to capitalize on the growth of digital payments and software longer term.”

In another article, we covered Fiserv, Inc. (NYSE:FI) and shared the list of top large cap stocks to buy at 52-week lows. Renaissance Large Cap Growth Strategy reiterated the same explanation for Fiserv, Inc.’s (NYSE:FI) decline in Q2 2025. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.