** Shares of payments firm Fiserv FI.N plunge as much as 15.8%; last down 12.6% at $165.95
** Clover volume growth expected to be relatively stable in Q2, vs Q1 - says Fiserv CFO Bob Hau, at a J.P.Morgan conference in Boston
** Clover is FI's cloud-based, point-of-sale and business management platform
** Management's expectations on Clover volume growth drove stock pressure - JPM analyst Tien-tsin Huang
** Clover has been a key focus area for investors after growth slowed down to 8% in Q1 from 14% in Q4 2024
** FI in April attributed Q1 growth slowdown to a number of factors, including difficult comparisons against gateway conversion and spending slowdown in Canada, Clover's largest international market
** Thirty-one of 36 brokerages rate the stock "buy" or higher, three "hold" and two "sell" or lower; with a median PT of $236, according to data compiled by LSEG
** As of last close, FI stock down 7.6% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
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