Shares of Fiserv fell 44% on Wednesday, heading for its worst-ever performance, after the financial technology company lowered its profit forecasts and made changes to its leadership team.
Fiserv, a well-known provider of technology solutions for the financial sector, announced a revision of its financial expectations. At the same time, personnel changes were made in the senior management.
«We are making difficult but necessary decisions to optimize our business model in the current market conditions,» the company said in an official statement.
