Jana Partners builds stake in Fiserv, WSJ reports

Activist investor Jana Partners has built a stake in Fiserv (FISV) and is seeking changes to boost the payments company’s underperforming stock, The Wall Street Journal’s Lauren Thomas reports. According to people familiar with the matter, Jana believes Fiserv is poised to benefit from a strong spending environment for banks, and is supportive of Fiserv CEO Mike Lyons and his focus on improving execution and refreshing the board. “During the past several months, we have engaged with many of our shareholders, including Jana Partners,” a spokesperson for Fiserv said in a statement. “We value shareholder perspectives as we drive progress through our One Fiserv action plan.”