Jana Partners Exits FIS, Enters WEX

Jana Partners has exited Fidelity National Information Services (FIS) and initiated a stake in Wex Inc. (WEX). Analysts suggest a modest price target increase for WEX, with a "Hold" recommendation from brokerage firms. GuruFocus estimates a significant upside potential for WEX based on its GF Value.

Jana Partners, a prominent activist hedge fund led by Barry Rosenstein, has made notable changes to its portfolio in the second quarter of 2025. The fund disclosed its Q2 holdings, revealing significant moves including the exit from Fidelity National Information Services (FIS) and the initiation of a stake in Wex Inc. (WEX).

According to the latest 13F filing, Jana Partners sold 497,000 shares of FIS, marking its exit from the information technology services provider. This move comes as FIS reported its quarterly earnings, meeting analysts' expectations with earnings per share (EPS) of $1.36 and revenue of $2.62 billion for the quarter ending August 5, 2025 [1].

Meanwhile, Jana Partners has acquired a new position in Wex Inc., a company that provides payment processing solutions. The specific details of the investment, including the number of shares and value, were not disclosed in the 13F filing. However, this move highlights Jana Partners' interest in diversifying its portfolio with companies in the payment processing sector [2].

The exit from FIS and the addition of WEX are part of Jana Partners' ongoing strategy to optimize its portfolio. The hedge fund's actions are likely influenced by various factors, including changes in the market landscape and strategic considerations for maximizing returns. As of the latest reporting period, institutional investors own 96.23% of FIS's stock, indicating strong interest from large investors [2].

Analysts have mixed price targets for WEX, with UBS Group raising its target from $138 to $185, while Wells Fargo decreased it from $160 to $140, leading to a consensus hold rating on the stock. GuruFocus estimates a significant upside potential for WEX based on its GF Value [3].

For investors and financial professionals, these changes underscore the importance of monitoring Jana Partners' portfolio for strategic insights and potential investment opportunities. The hedge fund's moves can often signal shifts in the market or industry trends, providing valuable information for those seeking to make informed investment decisions.

References:
[1] https://www.marketbeat.com/instant-alerts/filing-nuveen-llc-invests-18751-million-in-fidelity-national-information-services-inc-nysefis-2025-08-12/
[2] https://www.tipranks.com/news/the-fly/jana-takes-new-position-in-wex-exits-fis-during-q2-thefly
[3] https://www.gurufocus.com/stock/WEX