NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether certain officers and directors of Fidelity National Information Services, Inc. (NYSE: FIS) breached their fiduciary duties to shareholders. If you currently own Fidelity stock and acquired shares on or before May 7, 2020, you may be able to seek corporate governance reforms, the return of funds back to the company, a court-approved financial incentive award, or other relief and benefits. Please cl. ...

Core Viewpoint - Wells Fargo and other firms have initiated coverage on various companies in the payments and technology sectors, highlighting both challenges and opportunities within these industries [1] Group 1: Payments Sector - Wells Fargo initiated coverage of PayPal (PYPL) with an Equal Weight rating and a price target of $74, noting the sector's struggles due to a shift towards AI-centric stocks and execution issues among companies [1] - Coverage was also initiated for Shift4 (FOUR) and Fiserv (FI) with Equal Weight ratings, indicating a cautious outlook on these companies [1] - Block (XYZ) received an Overweight rating and a price target of $91, with Wells Fargo identifying attractive opportunities despite the sector being challenging for investors [1] - Other companies in the payments sector, including Global Payments (GPN), FIS (FIS), Visa (V), MasterCard (MA), Affirm (AFRM), and Circle Internet (CRCL), were also given Overweight ratings [1] Group 2: Advertising and E-commerce - Deutsche Bank initiated coverage of AppLovin (APP) with a Buy rating and a price target of $705, emphasizing its strong advertising technology and expansion into e-commerce advertising, which is significantly larger than mobile game in-app advertising [1] Group 3: Renewable Energy - Needham initiated coverage of First Solar (FSLR) with a Buy rating and a price target of $286, viewing it as a leading option for investing in U.S. utility-scale solar due to favorable policies [1] Group 4: Technology and Infrastructure - Piper Sandler initiated coverage of Dell Technologies (DELL) with an Overweight rating and a price target of $172, predicting it will benefit from a strong enterprise data center refresh in 2026 and AI infrastructure developments [1] - HP Enterprise (HPE) was also covered by Piper Sandler but received a Neutral rating, indicating a less favorable outlook compared to Dell [1]

JACKSONVILLE, Fla.--(BUSINESS WIRE)--FIS will announce its third quarter 2025 financial results on Wednesday, November 5, 2025. ...

Global Payments’ planned acquisition of Worldpay was OK’d Monday (Oct. 20) by the United Kingdom’s Competition and Markets Authority.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.“The CMA has cleared the anticipa ...

Global Payments’ planned acquisition of Worldpay was OK’d Monday (Oct. 20) by the United Kingdom’s Competition and Markets Authority.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.“The CMA has cleared the anticipa ...

Key Takeaways FIS introduces Smart Basket to streamline checkout using real-time item-level payment optimization.The tool enables payment splitting across FSAs, HSAs, loyalty points and other funding sources.Smart Basket may drive FIS revenue growth by enhancing consumer engagement and reducing payment friction.Fidelity National Information Services, Inc. (FIS) recently announced the upcoming launch of Smart Basket, a cutting-edge solution aimed at redefining the checkout experience. The solution is being d ...

Jacksonville, Florida-based Fidelity National Information Services, Inc. (FIS) engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. With a market cap of $35.4 billion, FIS operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The service provider is expected to announce its third-quarter results by the first week of November. Ahead of the event, analysts expect FIS to deliver an adjus ...

Core Insights - FIS has partnered with Glia to integrate AI technology into its Digital One suite, aiming to enhance customer service for retail and business banking products [1][2] - The integration is designed to provide financial institutions with tools for a more personalized and efficient customer experience, addressing routine inquiries with AI while escalating complex issues to human agents [1][4] Group 1: Technological Integration - The collaboration allows banks and credit unions to benefit from a virtual workforce while maintaining high-touch, personalized service [2] - The AI agents are programmed to handle basic inquiries immediately, which is expected to reduce wait times and improve first-call resolution rates [4] - The service is context-aware and available across various platforms, including mobile apps and web platforms [4] Group 2: Operational Efficiency - The integration aligns with FIS's Banking Modernisation Framework, emphasizing open banking as a key element for transforming operations and customer experiences [3] - Bank staff can focus on more complex customer interactions rather than repetitive tasks due to the AI's capabilities [3] - The AI system can manage account inquiries, transaction support, and provide basic financial advice outside standard banking hours [5] Group 3: Strategic Developments - Glia's CEO highlighted that the AI-powered platform allows organizations to achieve both efficiency and customer experience without compromise [5] - In May, FIS launched the Money Movement Hub, which streamlines payment processing across multiple networks for financial institutions [5]

Core Insights - Baupost Group LLC/MA, led by Seth Klarman, reported a portfolio valued at $4.13 billion, with the top five holdings constituting 46.93% of total assets [1] Group 1: Top Holdings Overview - **Alphabet Inc. (GOOG)**: The largest position, with 2.63 million shares valued at $467.24 million, representing 11.31% of the portfolio. The fund increased its stake by 556,000 shares (+26.76%), indicating growing confidence in the company's search franchise and AI opportunities [2] - **Wesco International Inc. (WCC)**: The second-largest position, holding 2.21 million shares worth $408.85 million (9.90% of assets). Baupost raised its stake by 202,000 shares (+10.07%), reflecting confidence in Wesco's industrial distribution leadership [3] - **Willis Towers Watson PLC (WTW)**: Holding 1.31 million shares valued at $402.79 million (9.75% of the portfolio). The fund reduced its position by 211,000 shares (-13.86%), likely for profit-taking after strong performance [4] - **CRH PLC (CRH)**: The fourth-largest holding, with 3.83 million shares valued at $351.17 million (8.50% of assets). Baupost added 1.13 million shares (+41.98%), showing increased conviction in the building materials sector [5] - **Fidelity National Information Services (FIS)**: Rounding out the top five with 3.78 million shares worth $308.52 million (7.47% portfolio weight). The fund increased its holdings by 296,764 shares (+8.50%), indicating confidence in the company's restructuring efforts [6] Group 2: Investment Philosophy - Baupost's portfolio reflects a disciplined value philosophy, selectively adding to undervalued positions while trimming gains in outperformers. The concentration in technology, industrials, and financials highlights a strategy focused on high-quality businesses with strong underlying assets [7]

Core Insights - FIS's acquisition of Global Payments' Issuer Solutions business is progressing as planned, despite the need to refile information with the U.K. regulator [1][2] - The transaction is expected to close in the first half of 2026, as previously announced [3] - The U.K. Competition and Markets Authority (CMA) rejected the initial merger notice due to incomplete information, which has led to a pause in the statutory timetable for the review [3] Company Transactions - Global Payments sold its Issuer Solutions business to FIS for $13.5 billion while acquiring Worldpay for a net price of $22.7 billion [4] - FIS will divest its remaining stake in Worldpay to Global Payments for $6.6 billion, facilitating the monetization of its minority holding [4] Strategic Implications - FIS's CEO stated that the acquisition of Issuer Solutions is strategic and accretive, aimed at expanding FIS's payment product suite and replacing a non-cash generating stake with growing recurring revenues [5] - The recent transactions are reminiscent of significant mergers in 2019, highlighting a trend of large-scale consolidations in the payments industry [6] Regulatory Context - The CMA is also reviewing Global Payments' acquisition of Worldpay, with a phase 1 decision deadline set for November 11 [7]