Themes / Group
Fading · newly observed relationshipLatest completed snapshot · 16:55 ET

MARKET-DISCOVERED GROUP

Information Technology Services

THE TRADER READShared activity without a clean directional read

Price direction is split across 16 measured members. Capital-flow confirmation is unavailable.

Price breadth8 up · 7 downRelative median unavailable
Capital-flow alignmentUnavailablePrice breadth is not yet confirmed by flow
Activity nowBuilding_pressureActivity score 31/100
Evidence depth0 support daysLow sample—context, not a validated playbook
EVIDENCE CLOCK

What happened, in timestamp order

0 timed events
TIMING READA causal timing read is unavailable because no material member price onset could be timestamped.

No session event has enough timestamp precision to place on the clock.

2 earlier filing context receipts

MON, AUG 3BR filing documented shared operating contextcredit / rates affecting interest expense · date precision only

SUN, AUG 9CPAY filing documented shared operating contextcredit / rates affecting interest expense · date precision only

Headline times and retained activity confirmations are point-in-time evidence. Price order is inferred from aligned 5-minute bars. Filing evidence has date precision only and is context, not an intraday catalyst claim.

01 · WHAT IS HAPPENING

The move, the flow and who is driving it

Price breadth, unusual activity and signed capital flow are separate observations
Price sequence unavailableA timestamped price sequence is unavailable.
RELATIVE CO-MOVEMENT

How the members are behaving together

Session-normalized

Observed intraday paths are not available for this group yet.

02 · WHY IT MATTERS

Why now and where the move could travel

Context and lead/lag links are evidence, not proof of causation or a forecast
WHY NOW

Verified recent context

0 items

No verified recent catalyst is attached to this move. The relationship may be market-led rather than news-led.

WHY THIS GROUP EXISTS

Shared filing context

14/16 members covered

Moderate filing support: the strongest shared 10-Q/K outlook is operating setup (near-term outlook) across BR, CPAY, DXC, EXPO, FIS, FISV, GPN, KD, SSNC, TTD.

credit / rates affecting interest expense

“The increased Earnings before income taxes was primarily due to the non-cash Gains on Digital Assets of $227.0 million and a $22.8 million decline in Interest expense, net which more than offset higher technology spending, including the impact of investments.”

BR 10-K · 2026-08-04
restructuring affecting expense

“We have defined the non-GAAP measure adjusted net income attributable to Corpay as net income attributable to Corpay as reflected in our statement of income, adjusted to eliminate (a) non-cash stock-based compensation expense related to stock-based compensation awards, (b) amortization of deferred financing costs, discounts, intangible assets, amortization of the premium recognized on the purchase of receivables and amortization attributable to Corpay's noncontrolling interest, (c) integration and deal related costs, and (d) other non-recurring items, including unusual credit losses, certain discrete tax items, the impact of business dispositions, impairment losses, asset write-offs, restructuring costs, loss on extinguishment of debt, taxes associated with stock-based compensation programs, losses and gains on foreign currency transactions and legal settlements and related legal fees.”

CPAY 10-Q · 2025-11-10
credit / rates

“Our $1,022.0 million in variable rate debt at June 30, 2026 consists of our revolving credit facility, which, depending on the currency of the loan, bears interest at Adjusted Term SOFR, Adjusted Term CORRA, EURIBOR, TIBOR, SONIA and STIBOR, respectively, plus 1.000% per annum (subject to multiple step-ups to 1.250% per annum and multiple step-downs to 0.785%, in each case based on ratings), plus an additional annual facility fee of 0.125% per annum (subject to multiple step-ups to 0.25% per annum and multiple step-downs to 0.090% per annum, in each case, based on ratings), and the outstanding portion of our Fiscal 2026 Term Loan which bears interest at Term SOFR plus 1.250% per annum (subject to a step-up to Term SOFR plus 1.375% or term SOFR plus 1.625% or a step-down to Term SOFR plus 1.125% or Term SOFR plus 1.000%, in each case, based on ratings).”

BR 10-K · 2026-08-04
CONFIRMATION NETWORK

Outsiders and cross-asset links

0 outsiders confirming
TRI → UNGInverse historical lead/lag · strength -0.20
TRI → SLVPositive historical lead/lag · strength 0.16

Filing-linked outsiders test whether the move is spreading beyond the established cohort.

No high-confidence filing-linked outsiders are available for this group yet.

03 · WHO IS IN IT

Member participation

Unusual activity and daily price direction are shown separately
EXPOSSNCFISVBRTRIBRSLEEFTCPAYGPNITOTEXKDPAYFISDXCTTD

7/16 active8 rising · 8 falling

MemberUnusual activityToday's moveRead now
EXPOExponent, Inc.
Elevated · 100/100
+1.9%
Active; unclassifiedHistorical role unavailable
SSNCSS&C Technologies Holdings, Inc.
Elevated · 73/100
+0.9%
Active; unclassifiedHistorical role unavailable
FISVFiserv, Inc.
Elevated · 38/100
-0.9%
Active; unclassifiedHistorical role unavailable
BRBroadridge Financial Solutions,
Elevated · 31/100
+1.2%
Active; unclassifiedHistorical role unavailable
TRIThomson Reuters Corporation
Elevated · 30/100
+2.0%
Active; unclassifiedHistorical role unavailable
BRSLBrightstar Lottery PLC
Most unusual · 28/100
-5.0%
Active; unclassifiedHistorical role unavailable
EEFTEuronet Worldwide, Inc.
Elevated · 28/100
-1.9%
Active; unclassifiedHistorical role unavailable
CPAYCorpay, Inc.
Elevated · 27/100
-0.2%
Active; unclassifiedHistorical role unavailable
GPNGlobal Payments Inc.
Elevated · 26/100
-0.0%
Active; unclassifiedHistorical role unavailable
ITGartner, Inc.
Quiet · 20/100
+1.5%
Watch / laggardHistorical role unavailable
OTEXOpen Text Corporation
Quiet · 20/100
+1.0%
Watch / laggardHistorical role unavailable
KDKyndryl Holdings, Inc.
Quiet · 20/100
-3.1%
Watch / laggardHistorical role unavailable
PAYPaymentus Holdings, Inc.
Quiet · 18/100
-5.6%
Watch / laggardHistorical role unavailable
FISFidelity National Information Services, Inc.
Elevated · 18/100
-0.5%
Active; unclassifiedHistorical role unavailable
DXCDXC Technology Company
Quiet · 17/100
+1.0%
Watch / laggardHistorical role unavailable
TTDThe Trade Desk, Inc.
Quiet · 10/100
+0.1%
Watch / laggardHistorical role unavailable
View exact member values
TICKERCompanyRole nowTodayObserved historyTrader interpretation
EXPOExponent, Inc.Participating+1.9%—Price participation is not yet confirmed by per-name flow.
SSNCSS&C Technologies Holdings, Inc.Participating+0.9%—Price participation is not yet confirmed by per-name flow.
FISVFiserv, Inc.Participating-0.9%—Price participation is not yet confirmed by per-name flow.
BRBroadridge Financial Solutions,Participating+1.2%—Price participation is not yet confirmed by per-name flow.
TRIThomson Reuters CorporationParticipating+2.0%—Price participation is not yet confirmed by per-name flow.
BRSLBrightstar Lottery PLCMost unusual-5.0%—Most unusual activity in this snapshot; performance direction may differ.
EEFTEuronet Worldwide, Inc.Participating-1.9%—Price participation is not yet confirmed by per-name flow.
CPAYCorpay, Inc.Participating-0.2%—Price participation is not yet confirmed by per-name flow.
GPNGlobal Payments Inc.Participating-0.0%—Price participation is not yet confirmed by per-name flow.
ITGartner, Inc.Quiet / lagging+1.5%—Not participating yet; a breadth test or a genuine divergence.
OTEXOpen Text CorporationQuiet / lagging+1.0%—Not participating yet; a breadth test or a genuine divergence.
KDKyndryl Holdings, Inc.Quiet / lagging-3.1%—Not participating yet; a breadth test or a genuine divergence.
PAYPaymentus Holdings, Inc.Quiet / lagging-5.6%—Not participating yet; a breadth test or a genuine divergence.
FISFidelity National Information Services, Inc.Participating-0.5%—Price participation is not yet confirmed by per-name flow.
DXCDXC Technology CompanyQuiet / lagging+1.0%—Not participating yet; a breadth test or a genuine divergence.
TTDThe Trade Desk, Inc.Quiet / lagging+0.1%—Not participating yet; a breadth test or a genuine divergence.

04 · HAS THIS HAPPENED BEFORE

Identity history versus measured outcomes

Structural recurrence is not the same as a validated trading outcome
POINT-IN-TIME LIVE OUTCOMES

Live outcome ledger collecting

0/0 events completed

No completed point-in-time outcome is available yet. New live confirmations are now retained with their exact observation timestamp; statistics appear only after the corresponding candles complete.

No point-in-time live observations have completed yet.
Low structural sample

Only 0 completed episodes across 0 active sessions; treat history as context, not a validated playbook. These episode counts describe recurrence; the outcome ledger above is the only forward-performance evidence.

Structural support0 daysHow often the cohort identity was observed
Completed episodes0Separate periods of broad group activity
Active sessions0Completed session observations, not trades

Historical cohort observations are not available yet.