Fiserv Stock Spikes As Judah Spinner's BlackBird Financial Reveals Large Stake
01/06/2026 10:00 AM • BlackBird Financial, a hedge fund founded by Judah Spinner, has announced a significant ownership stake in Fiserv, Inc., a global financial-technology and payments infrastructure company. Spinner expressed confidence in Fiserv's competitive moat, embedded position in financial systems, and new CEO Mike Lyons' turnaround strategy, despite near-term challenges. With adjusted net income exceeding $5 billion and a market cap around $33 billion, BlackBird views the investment as undervalued with strong long-term growth prospects.
FISV - BlackBird Financial established a significant ownership position based on confidence in Fiserv's embedded market position, strong switching costs, reliable cash generation ($5B+ adjusted net income), and new CEO Mike Lyons' strategic direction. The investment thesis emphasizes long-term value despite near-term difficulties, with expectations for earnings growth over the next 5-10 years.
Investing.com • Thomas Hughes