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Fidelity National (FIS) Up 7.8% Since Last Earnings Report: Can It Continue?
ZACKS· 2024-09-05 16:36
A month has gone by since the last earnings report for Fidelity National Information Services (FIS) . Shares have added about 7.8% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Fidelity National due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Fidelity National Be ...
FIS or MA: Which Is the Better Value Stock Right Now?
ZACKS· 2024-09-02 16:46
Investors interested in Financial Transaction Services stocks are likely familiar with Fidelity National Information Services (FIS) and MasterCard (MA) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look. The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Sc ...
Fidelity National (FIS) Ties Up to Enhance P2P Payments
ZACKS· 2024-08-16 17:36
Fidelity National Information Services, Inc. (FIS) recently collaborated with Neural Payments to expand the reach of enhanced peer-to-peer (P2P) payments among the former's client base. Neural Payments solution is now available for immediate adoption by FIS' financial institution clients, including banks of all sizes and credit unions. The partnership entails the integration of FIS' global reach and NYCE debit network with the cutting-edge technology of Neural Payments, which in turn, aims to ease money mov ...
FIS or FI: Which Is the Better Value Stock Right Now?
ZACKS· 2024-08-15 16:41
Investors with an interest in Financial Transaction Services stocks have likely encountered both Fidelity National Information Services (FIS) and Fiserv (FI) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision ...
FIS Sees Record Sign-Ups for Core Banking Products
PYMNTS.com· 2024-08-07 19:26
FIS says it is on pace to have a record year for sign-ups to its core banking offering. It's a trend driven by "competitive takeaways" and greater traction in the community banking sector, Stephanie Ferris, CEO of the financial services technology provider company, said on an earnings call Wednesday (Aug. 7). "In fact, for the first half of 2024, we've signed almost as many cores as we did in all of 2023," she said. "Within our digital business, we saw new sales growth of over 30% in the first half of 2024, ...
Fidelity National (FIS) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2024-08-07 14:36
For the quarter ended June 2024, Fidelity National Information Services (FIS) reported revenue of $2.49 billion, down 33.6% over the same period last year. EPS came in at $1.36, compared to $1.55 in the year-ago quarter. The reported revenue represents a surprise of +0.10% over the Zacks Consensus Estimate of $2.49 billion. With the consensus EPS estimate being $1.23, the EPS surprise was +10.57%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ex ...
Fidelity National Information Services(FIS) - 2024 Q2 - Quarterly Report
2024-08-06 20:16
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________ Form 10-Q _______________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-16427 _______________________ ...
Fidelity National (FIS) Beats Q2 Earnings, Hikes '24 Guidance
ZACKS· 2024-08-06 17:35
Fidelity National Information Services, Inc. (FIS) reported second-quarter 2024 adjusted EPS of $1.36, which beat the Zacks Consensus Estimate by 10.6%. Also, the bottom line increased 79% year over year. Revenues grew 3% year over year to $2.5 billion. Also, the top line beat the consensus mark by 0.1%. The strong second-quarter results benefited from strong recurring revenue growth in both segments and new sales momentum. It witnessed improved results from both the Banking Solutions and Capital Market Sol ...
Fidelity National's Improved Focus Drives Better Q2 Results
Seeking Alpha· 2024-08-06 16:46
JHVEPhoto Shares of Filelery National Information Services, Inc. (NYSE:FIS) have had a solid run over the past year, gaining 25%. Invesors got af unterber on Tuesday morning as the s market's 1% gain. With its business simplification continuing to drive better operating results, I remain bullish. 1D 5D 1M 6M YTD 10Y MAX Bask Advanced 70 60 50 40 tte file to lies to. Il lot in Oct 2023 Seeking Alpha Increased focus is driving better results In the company's second quarter, Fidelity earned $1.36, beating cons ...
Fidelity National Information Services(FIS) - 2024 Q2 - Earnings Call Transcript
2024-08-06 16:18
Fidelity National Information Services, Inc. (NYSE:FIS) Q2 2024 Earnings Conference Call August 6, 2024 8:30 AM ET Company Participants George Mihalos - Head of Investor Relations Stephanie Ferris - President and Chief Executive Officer James Kehoe - Chief Financial Officer Conference Call Participants Ramsey El-Assal - Barclays Will Nance - Goldman Sachs Darrin Peller - Wolfe Research Dan Dolev - Mizuho Jason Kupferberg - Bank of America Tien-Tsin Huang - JP Morgan John Davis - Raymond James David Koning - ...