U.S. Representative Byron Donalds appears to have made a perfectly timed trade in financial services and payments technology company Fiserv (NYSE: FI).

Since his congressional sale, Fiserv shares have plunged nearly 70% year to date, trading at $64 as of press time, down over 1% for the day. Since the politician’s sale, FI stock has plunged about 57%. 

According to congressional disclosures, Donalds sold Fiserv stock twice on September 4, 2025, with each sale valued between $1,001 and $15,000. Both transactions were officially filed on October 7, 2025.

What’s notable, and potentially troubling, for the Congress trade is that Donalds sits on the House Financial Services Committee, the same committee that directly oversees the financial sector, including companies like Fiserv.

The timing of the sale, just days before the stock’s sharp decline, has raised speculation of possible insider knowledge or privileged access to market-moving information. However, there is no evidence of any wrongdoing.

Why FI stock is crashing 

Indeed, Fiserv’s stock took a steep plunge in late October after the company reported disappointing third-quarter earnings and slashed its full-year guidance.

The company posted earnings of $2.04 per share, missing Wall Street estimates, while revenue also fell short of expectations. Management cut its organic revenue growth forecast to just 3.5% to 4%, down sharply from around 10% previously, and lowered its full-year EPS outlook to roughly $8.50–$8.60.

Investors also reacted negatively to slowing growth in Fiserv’s key Clover payments platform, leadership shake-ups, and signs of operational missteps, including client pushback over fees. 

Analysts described the company’s reset as “difficult to comprehend,” warning that confidence in management and long-term growth prospects has been severely damaged.

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