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FIS Unveils Digital Trading Storefront: Can it Electrify the Market?
ZACKS· 2024-10-03 14:55
Group 1: Core Product Launch - Fidelity National Information Services, Inc. (FIS) has launched the Digital Trading Storefront to enhance digital trading experiences across various asset classes and markets [1] - The platform is designed for banks, brokers, market makers, and fund managers, providing real-time connectivity and advanced risk management through APIs [1][2] Group 2: Strategic Goals and Market Position - The Digital Trading Storefront is part of FIS' Cross-Asset Trading and Risk Platform, adding digital features and flexibility for financial institutions to customize trading interfaces [2][3] - This initiative aligns with FIS' strategic goal of expanding digital offerings and meeting the evolving needs of financial institutions, ultimately supporting higher trading volumes and regulatory compliance [2][3] Group 3: Market Trends and Financial Performance - FIS continues to invest in technology and innovation, expanding its total addressable market, with electrified trading comprising 42% of U.S. equity market commissions and 44% in Europe [4] - Shares of Fidelity National have increased by 10.1% over the past three months, outperforming the industry average rise of 6.2% [6]
What Makes Fidelity National (FIS) a New Strong Buy Stock
ZACKS· 2024-09-24 17:01
Core Viewpoint - Fidelity National Information Services (FIS) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook driven by rising earnings estimates [1][4]. Earnings Estimates and Ratings - The Zacks rating system is based solely on a company's changing earnings picture, tracking the Zacks Consensus Estimate for EPS from sell-side analysts [2]. - The Zacks rating upgrade for Fidelity National reflects an improved earnings outlook, which is expected to lead to increased buying pressure and a rise in stock price [4][6]. Impact of Earnings Estimate Revisions - There is a strong correlation between changes in earnings estimates and near-term stock price movements, with institutional investors using these estimates to determine fair value [5][7]. - Fidelity National's rising earnings estimates, with a projected EPS of $5.08 for the fiscal year ending December 2024 (a year-over-year increase of 50.7%), indicate a positive trend in the company's business [9]. Zacks Rank System Performance - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [8]. - The upgrade of Fidelity National to a Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [11].
Call Traders Scored Big With This Fintech Stock
Schaeffers Investment Research· 2024-09-17 18:29
Subscribers to Schaeffer's Players service more than doubled their money with our recommendation to buy Fidelity National Information Services Inc (NYSE:FIS) weekly 9/20 78-strike call. Below, let's unpack how investors achieved this healthy profit in just three weeks. At the time of our recommendation on Aug. 23, FIS was in the midst of a post-earnings pop following the company's Aug. 6 results. The equity had just hit a new alltime high, and was pulling back to support at its 10-day moving average after b ...
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 ...
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
Core Insights - Fidelity National Information Services (FIS) reported a revenue of $2.49 billion for the quarter ended June 2024, reflecting a year-over-year decline of 33.6% [1] - The earnings per share (EPS) for the quarter was $1.36, down from $1.55 in the same quarter last year, but exceeded the consensus estimate of $1.23 by 10.57% [1] Revenue Breakdown - Revenue from Banking Solutions was $1.71 billion, matching the average estimate from seven analysts and showing a year-over-year increase of 0.5% [3] - Revenue from Corporate and Other segments was $57 million, slightly below the average estimate of $59.80 million, representing a year-over-year decrease of 5% [4] - Revenue from Capital Market Solutions reached $722 million, surpassing the average estimate of $720.90 million, with a year-over-year growth of 7.4% [5] Adjusted EBITDA Performance - Adjusted EBITDA for Banking Solutions was reported at $765 million, exceeding the average estimate of $741.30 million from four analysts [6] - Adjusted EBITDA for Corporate and Other segments was -$134 million, worse than the average estimate of -$94.76 million [7] - Adjusted EBITDA for Capital Market Solutions was $367 million, above the average estimate of $355.87 million from four analysts [8] Stock Performance - Shares of Fidelity National have increased by 3.8% over the past month, contrasting with a decline of 5.9% in the Zacks S&P 500 composite [8] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [8]
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 ...