Today, with a heavy heart, I closed my position in Fiserv with a loss of around 15%. The earnings were good in principle, the reaction was a fall of approx. 25% and since then the share has only gone one way📉.
My reasons are simply that Clover's growth has disappointed and is mainly due to migration. In addition, more and more customers are turning away due to poor management. Insiders are also steadily shedding shares. The forward P/E ratio looks very favorable at 12, especially if you look at the consistency in the P to P range.
However, I fear that this could become a case like Paypal (which, funnily enough, I also have in my portfolio). Favorable P to P ratio and high share buybacks. Nevertheless, you can see the same pattern with PayPal - the share has hardly moved at all and has been doing so for years.
Above all, I see the European competitor $ADYEN (-1,81Â %) a competitor that is doing much better and that I see much more often in everyday life.
In short, I simply see a much better way to handle my money in the long term.
What do you think about Fiserv and selling at a high loss?
