Investing.com -- Shares of Fiserv (NYSE: FI ) tumbled by 13% following remarks from the company’s CFO indicating that the second-quarter growth for its Clover point of sale system is anticipated to mirror the performance seen in the first quarter.

During a JPMorgan conference, Fiserv’s CFO Robert Hau highlighted that investors have been particularly attentive to the Clover volume metrics. Clover, which is a significant component of Fiserv’s product lineup, experienced an 8% growth in annualized gross payment volume in the first quarter, a slowdown from the 14% growth observed in the previous quarter. Hau also noted that the company faced headwinds due to the conversion of non-Clover clients to Clover last year, and these challenges are expected to intensify somewhat in the second quarter.

This projection has seemingly unsettled investors, as the company’s stock reacted negatively to the news. Fiserv’s performance in the first quarter has set a precedent that stakeholders are using to gauge future results, and the suggestion of similar growth rates in the upcoming quarter suggests a plateau in one of the company’s key growth metrics.

The fintech sector, where Fiserv operates, is highly competitive and sensitive to growth indicators. Changes in performance metrics, especially for flagship products like Clover, can have a pronounced impact on investor sentiment and, subsequently, stock prices.

The stock’s movement today reflects the market’s immediate response to the CFO’s comments, with investors adjusting their positions based on the anticipated growth trajectory of Clover.

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