By Mackenzie Tatananni
Fiserv stock suffered its worst single-day percentage drop on record at the end of October and has yet to recover. Now, executives are snapping up shares of the fintech.
A Form 4 filed with the Securities and Exchange Commission on Tuesday shows Chief Financial Officer Paul Todd snapped up 17,000 shares for an average price of $62.41 each on Dec. 1. The $1 million purchase brought Todd's direct holdings to 24,453 shares, which were worth $1.6 million based on Wednesday's closing price of $66.95.
The following day, Chief Administrative and Legal Officer Adam Rosman bought 7,900 shares for $63.19 apiece, or $499,201 in total, according to a separate securities filing. Following the transaction, Rosman directly held 61,285 shares of Fiserv, which were valued at $4.1 million on Wednesday.
Tuesday's stock purchase was Todd's first since assuming the role of CFO in late October when he was granted 7,453 unvested restricted stock units, an SEC filing shows. Notably, it was Rosman's first purchase in his history with the company; he joined in late 2021. Securities filings show Rosman has previously been awarded shares rather than buying them.
Fiserv didn't respond to a request for comment on the latest transactions.
The purchases, seen as a bullish signal, helped push the stock higher on Wednesday, closing up 5.9% to notch its largest same-day percentage increase since June.
However, the stock is down 2% on Thursday. Shares have slumped 67% this year, making it one of the worst-performing names in the S&P 500.
Shares cratered 44% on Oct. 29 after Fiserv halved its top-line growth forecast and cut its earnings outlook, saying its operations in Argentina would be hurt by decaying economic conditions. The stock closed below $100 for the first time since January 2023 and has yet to rebound to those levels.
Fiserv had benefited from inflation in Argentina that has since cooled down, and it has also been grappling with other operational missteps, such as a focus on short-term initiatives that backfired.
Fiserv services businesses and clients in the financial sector, namely banks and credit unions. Its products span commerce, payment processing, and billing.
Inside Scoop is a regular Barron's feature covering stock transactions by corporate executives and board members -- so-called insiders -- as well as large shareholders, politicians, and other prominent figures. Due to their insider status, these investors are required to disclose stock trades with the Securities and Exchange Commission or other regulatory groups.
Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com
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December 04, 2025 11:43 ET (16:43 GMT)
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