Activist investor Jana Partners is urging payments company Fiserv to more than double its planned cost savings and use Palantir’s software to streamline operations. This is according to a letter seen by Reuters.
Fiserv is targeting savings of 500 million dollars by 2029 under Project Elevate. Jana believes the target can be raised to 1.25 billion dollars and wants the company to present the higher ambitions in connection with its third-quarter report.
Jana, which has invested in Fiserv since late 2025, has previously demanded a full strategic review of the company. Fiserv has lost more than half of its market capitalization over the past year and is valued at around 25 billion dollars.
