Activist investor Jana Partners has acquired a stake of less than one percent in Fiserv, purchasing 2.2 million shares. The investor is urging Fiserv to take action to boost its stock price, which saw a significant decline in the previous year. Jana Partners supports Fiserv’s “One Fiserv” action plan but also advocates for faster expansion of core banking operations and a strategic review to potentially offload non-core assets.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Activist investor builds stake in Fiserv
Activist investor Jana Partners has acquired a stake of less than one percent in Fiserv, purchasing 2.2 million shares. The investor is urging Fiserv to take action to boost its stock price, which saw a significant decline in the previous year. Jana Partners supports Fiserv’s “One Fiserv” action plan but also advocates for faster expansion of core banking operations and a strategic review to potentially offload non-core assets.