Payment processing giant Fiserv (NASDAQ: FISV) has disappointed investors, losing nearly half its value in one day last October. Despite being cheap with a P/E ratio of 10, it’s worth watching. Fiserv is a major payment processor, providing infrastructure for banks and financial institutions, but recent missteps have caused concern.

The company reported earnings per share (EPS) of $2.04, $0.60 lower than expected, and sales declined to $4.92 billion, missing expectations. Management reduced full-year guidance, with EPS expected at $8.55 and revenue growth of 3.5% to 4%, down from 10%.

Fiserv is facing a lawsuit over misleading claims related to its Clover payment platform. Despite recent challenges, the company remains a leader in the industry with a strong software-as-a-service model. New CEO Mike Lyons has a long-term plan for operational excellence, including implementing AI and enhancing partnerships.

Investors may want to consider Fiserv at its current price, as it works to regain investor trust. While the stock has dropped, the company’s strong position in the industry and focus on client service and innovation could lead to future growth opportunities.

Read more at Yahoo Finance: Overlooked and Undervalued: Why Fiserv Deserves Attention