Activist hedge fund Jana Partners has reduced its stake in Fiserv, a regulatory filing showed. Details regarding the exact size of the remaining position and the financial terms of the transaction were not immediately available from the filing.
Fiserv provides payment processing and financial services technology solutions to banks, thrifts, and credit unions worldwide. Jana Partners, known for taking activist positions in publicly traded companies to unlock shareholder value, has historically engaged in various portfolio adjustments across the technology and financial sectors.
