JANA urges Fiserv board to expand portfolio review, weigh debit network sale
FI•Concerns over performance and governance
The fund cited an earnings reset, management turnover, governance missteps, and an almost 80% share-price drop from 2025 highs.
JANA also pressed for additional board changes, pointing to executive retention failures and employment terms tied to the CEO’s continued service.
JANA presses for broader strategic review
Activist investor JANA Partners urged Fiserv’s board to run a comprehensive strategic review of its full asset portfolio.
JANA backed a reported process to explore a sale of the company’s debit network assets, calling divestitures key to narrowing a valuation discount.
