Down roughly 2%, after first breaking the prior 52 week low at $47.01. Friday's close was $47.19.
Notable because the broader market is moving the opposite direction today. The Nasdaq was up about 1.5%, helped by falling oil prices and Treasury yields. So Fiserv's weakness continues to be company specific/relative underperformance rather than simply the market dragging it lower.
@dy I've been at the company 7 years. I am grateful for the team that I am with. We were insulated from layoffs until Takis took over.
I'm irritated how much collateral damage is being done to us employees who are being laid off. There's no empathy whatsoever. It's a knee je-k reaction to stock price and Jana Partners.
It's leaving a bad vibe among the employees who were not affected. The trust is broken with this leadership. Even our own immediate supervisors are kissing a-s because after we're gone, they're next and they know it.
@dy "was dismissed after 25 years and won't bite the hand (Fiserv) that fed me"
okayyy bro really weird cuck energy but whatever
@c2 No Sir. I am not a racist. I share the demographics with Indians. I appreciate your stance. That's the greatness. I am very sorry for my inappropriate language.
I was dismissed after 25 years at Fiserv, it happens for a business reason, I don't have any Fiserv stock that I bought at high price.
Yet I don't want to see Fiserv going through the bankruptcy route, I am an old dog that never bites the hand ( Fiserv ) that fed me for decades.
@av you're mad that you're vested in stock you paid too much for and lost your a-s on.
And, no I'm not Indian, you racist pr--k.
Trust when I say that Q3 numbers are going to be awful when they come out next month. Enjoy your holiday layoffs.
They have got to be working on some deals for months now.
hopefully an announcement to drive stock back to $100+ soon.
@av why so angry?
Prime target for acquisition
The market is losing patience for real signs that this puppy can be turned around that’s why the price keeps falling.
Management need to start making moves instead of endlessly talking about what the issues are. Endless RIFs and changes at the top aren’t going to cut it.
Analysts and investors want action not words
I hope it keeps falling. That will make it a much better value to buy it later.
@ak After you sold all your stock and got a 90 day notice why the FU-K you expect Fiserv to go bankrupt.. Looser.. ypu sold what you had, you will be leaving Fiserv.. then why the He-l you wish bad things for Fiserv.
You must be an Indian guy who typically burn the bridges after them.. shut the fu-k up and leave queitly , son of a bi--h.
@ak yes, it will be acquired at pennies on a dollar..
Stock will touch $35
@aj its not going bankrupt. Please be intellectual and not say silly things. I think Fiserv is a complete mess and no chance to recover without drastic measures.. is it going bankrupt.. NO! Have a reasonable and intelligent conversation please
Sold my stock 2 years ago. Already got my 90 day notice. I hope this place goes under but it won't.
It'll get acquired.
It is about time for Fiserv, a pathetic company constituted by incompetent employees like us, to go belly up. When it goes bankrupt, all of us can be laid off during the restructuring.
I hope Fiserv keeps riding the crashing rocket.