Streetbeat News

FIS

Fidelity National Information Services, Inc.

https://www.fisglobal.com

Industry

Information Technology Services

Fidelity National Information Services, Inc. provides technology solutions for merchants, banks, and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions, and Capital Market Solutions segments. The Merchant Solutions segment offers enterprise acquiring, software-led small- to medium-sized businesses acquiring, and global e-commerce solutions. The Banking Solutions segment provides core processing and ancillary applications; digital solutions, including Internet, mobile, and e-banking; fraud, risk management, and compliance solutions; electronic funds transfer and network services; card and retail payment solutions; wealth and retirement solutions; and item processing and output services. The Capital Market Solutions segment offers securities processing and finance, global trading, asset management and insurance, and corporate liquidity solutions. Fidelity National Information Services, Inc. was founded in 1968 and is headquartered in Jacksonville, Florida.

Open

87.97

Mkt cap

47B

Volume

2.7M

High

88.61

P/E Ratio

90.54

52-wk high

91.98

Low

86.97

Div yield

0.02

52-wk low

53.79

FIS provided its Q1 adjusted EPS guidance in the range of $0.94-$0.97, slightly below the $0.95 estimate. Revenue guidance for Q1 is set at $2.43B-$2.455B, marginally below the $2.46B estimate. For FY24, FIS forecasts an adjusted EPS of $4.66-$4.76, surpassing the $4.42 estimate, with revenue projections of $10.1B-$10.15B, slightly below the $10.12B estimate.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 12:05 pm

Fidelity National Information Services, Inc. (FIS) reported its Q4 2023 earnings with a GAAP EPS of $0.94, meeting the analyst consensus estimate.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 12:01 pm

US stocks may see a pause after a record rally, with caution returning ahead of key economic data. AI-leveraged stocks could provide support. Last week, buoyed by Nvidia's earnings, US stocks hit new highs. Analysts are optimistic about 2024, expecting narrow market focus and benefits from Fed rate cuts and election year optimism. Futures indicate a mixed opening. SPDR S&P 500 ETF Trust and Invesco QQQ ETF showed slight premarket movements. Key companies like Berkshire Hathaway and Li Auto saw premarket gains following earnings reports.

Portfolio Pulse from Shanthi Rexaline

February 26, 2024 | 10:33 am

Numerous companies are scheduled to report their earnings on February 26, 2024, covering a wide range of industries from energy to technology. Key reports include Kosmos Energy, Krystal Biotech, Li Auto, and Domino's Pizza, among others. The diversity of sectors represented suggests a comprehensive insight into the economic and business trends affecting these markets.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 9:47 am

Fidelity National Info (NYSE:FIS) is scheduled to release its quarterly earnings report on February 26, 2024. Analysts predict an EPS of $0.94. The company's past earnings performance shows a pattern of beating EPS estimates, which has generally led to positive share price movements the following day. Shares are currently trading at $64.1, with a slight decrease of 0.65% over the last year. Investors are particularly focused on the company's guidance for future growth.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 2:00 pm

Mizuho analyst Dan Dolev has highlighted Affirm Holdings (AFRM), Fidelity National Information Services (FIS), Robinhood Markets (HOOD), and Block (SQ) as top FinTech stocks for 2024, promising growth for average Americans. Dolev emphasizes AFRM's expansion beyond 'Buy Now Pay Later' into a broader payment network, competing with Visa (V), Mastercard (MA), and PayPal (PYPL). He projects higher than consensus FY24 revenues for AFRM, FIS, and HOOD, and a 16%+ gross profit growth for Block. AFRM shares recently dropped by 2.27%.

Portfolio Pulse from Anusuya Lahiri

January 18, 2024 | 7:44 pm

Fidelity National Info (NYSE:FIS) has been analyzed by 4 analysts in the last three months, with mixed opinions ranging from bullish to bearish. The average 12-month price target is $66.5, with a high of $73.00 and a low of $55.00, reflecting a slight increase from the previous target of $65.50. Analysts from Mizuho, RBC Capital, Truist Securities, and Raymond James have adjusted their ratings and price targets. FIS's financial overview shows a market cap below industry average, a revenue growth rate of 3.06%, a net margin of -18.04%, an ROE of -2.26%, an ROA of -0.84%, and a debt-to-equity ratio of 0.96.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 5:00 pm

Mizuho analyst Dan Dolev has reaffirmed a Buy rating on Fidelity National Information Services (FIS) and increased the price target from $62 to $73, indicating a positive outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 5:00 pm

KeyBanc analyst Alex Markgraff upgraded Fiserv, Inc (NYSE:FI) to Overweight with a $160 price target, citing optimism for robust growth in merchant solutions. Markgraff's analysis suggests that the payments and FinTech sectors are trading at significant discounts, and he sees potential for Fiserv's revenue and profitability to exceed market expectations. The analyst highlights Clover and Carat's performance as drivers for potential estimate revisions and views the company's balanced spend base as defensively positioned. Markgraff's Q4 revenue projection for Fiserv is $2.52 billion, with an EPS of $0.97, which is below the consensus of $4.69 billion in revenue and $2.15 EPS. Fiserv's stock traded higher by 1.53% to $134.60 following the upgrade.

Portfolio Pulse from Anusuya Lahiri

January 08, 2024 | 8:11 pm

A report by Unusual Whales revealed that 32 members of Congress outperformed the S&P 500 in 2023, with top sectors traded including Technology, Energy, Healthcare, Consumer Defensive, and Financial Services. The report also highlighted top stocks bought and sold by Congress members, with ETFs NANC and KRUZ allowing investors to follow their trades. Top stocks bought included AAPL, MSFT, and F, while top stocks sold included MSFT, META, and NVDA.

Portfolio Pulse from Chris Katje

January 03, 2024 | 4:29 pm

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