Activist Jana pushes Fiserv to review entire portfolio, refresh board

FI•2026-07-30

Jana presses for full portfolio review

NEW YORK, July 30 (Reuters) - Activist investor Jana Partners is ratcheting up pressure on payments company Fiserv FISV.O, pushing it to launch a formal review of its entire portfolio rather than sell assets piecemeal, according to a letter seen by Reuters on Thursday.

The New York-based hedge fund, which has been invested in Fiserv since late 2025, praised the company for reportedly considering a sale of its debit network assets.

But in a letter to the board and new CEO, Jana's managing partner and portfolio manager Scott Ostfeld said it now wants management to go further and review the entire portfolio, arguing that asset sales could restore credibility with investors and boost the stock price.

Jana also reiterated its position that Fiserv needs new directors to address governance issues.

A representative for Jana declined to comment beyond the contents of the letter.

Activist Jana pushes Fiserv to review entire portfolio, refresh board

Jana presses for full portfolio review

Banks, prior asset moves and Jana's track record

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