Fidelity National Information Services (FIS) closed the most recent trading day at $69.15, moving -0.97% from the previous trading session. This move lagged the S&P 500's daily gain of 1.03%. Meanwhile, the Dow experienced a rise of 0.34%, and the technology-dominated Nasdaq saw an increase of 1.51%.Coming into today, shares of the banking and payment technologies company had gained 13.23% in the past month. In that same time, the Business Services sector gained 6.35%, while the S&P 500 gained 3.21%.The inv ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Fidelity National Information Services (FIS) .Fidelity National currently has an average broker ...

JACKSONVILLE, Fla.--(BUSINESS WIRE)--Fidelity National Information Services, FIS™, (NYSE: FIS), a global leader in financial services technology, today announced (i) the results of its previously announced 14 separate offers (the “Offers”) to purchase for cash the outstanding senior notes of the series listed in the table below (collectively, the “Notes”) and (ii) that it has amended the Offers by increasing the Maximum Purchase Amount from $2.250 billion to approximately $2.531 billion, an amount sufficien ...

JACKSONVILLE, Fla.--(BUSINESS WIRE)--Fidelity National Information Services, FIS™, (NYSE: FIS), a global leader in financial services technology, today announced the pricing terms of its previously announced 14 separate offers (the “Offers”) to purchase for cash up to $2,250,000,000 aggregate principal amount of its outstanding senior notes of the series listed in the table below (collectively, the “Notes”). The Offers are made upon the terms and subject to the conditions set forth in the Offer to Purcha ...

The most recent trading session ended with Fidelity National Information Services (FIS) standing at $69.21, reflecting a +0.03% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily gain of 0.8%. Meanwhile, the Dow experienced a rise of 0.23%, and the technology-dominated Nasdaq saw an increase of 1.14%.Heading into today, shares of the banking and payment technologies company had gained 10.05% over the past month, outpacing the Business Services sector's gain ...

Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Is Fidelity National Information Services (FIS) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.Fidelity National Information Services is one of 313 individual stocks in the Business Services sector. Collectively, these companies sit at #7 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individu ...

There are lots of overextended stocks out there falling short thanks to dividend payments that are too good to be true. The internationally known pharmaceutical company Bayer (OTCMKTS:BAYRY) is a great example of this as the company recently announced a 95% dividend cut on Feb. 20. It plans to pay the legal minimum of 0.11 euros (12 cents USD) a share for 2023 as part of its three-year plan to reduce its debt. In 2022, it paid out 2.40 euros ($2.60 USD), 0.48 euros (52 cents USD) higher than analyst expecta ...

JACKSONVILLE, Fla.--(BUSINESS WIRE)--Fidelity National Information Services, FIS™, (NYSE: FIS), a global leader in financial services technology, today announced the commencement of 14 separate offers (the “Offers”) to purchase for cash up to $2,250,000,000 aggregate principal amount of its outstanding senior notes of the series listed in the table below (collectively, the “Notes”). Subject to the Maximum Purchase Condition (as defined below), the series of Notes that are purchased in the Offers will be bas ...

Fidelity National Information Services, Inc. (FIS) reported fourth-quarter 2023 adjusted earnings per share (EPS) of 94 cents, which missed the Zacks Consensus Estimate by 1.1%. The bottom line declined 4% year over year.Revenues dipped 1% year over year to $2.51 billion. The top line fell short of the consensus mark of $2.52 billion.The quarterly results were hit by softer revenue contribution from the Banking Solutions segment and a significant rise in interest expenses. Its shares declined 2% in the pre- ...

Financial Data and Key Metrics Changes - The company improved adjusted free cash flow conversion to 95% in 2023 from 72% in 2022 [11] - Capital expenditures decreased to approximately 8% of total revenue in 2023, down from 9% in 2022 [11] - Adjusted EPS for continuing operations was $0.94 in the fourth quarter, a decline of 4% year-over-year [17] Business Line Data and Key Metrics Changes - Banking recurring revenue grew 7% in the fourth quarter, while total Banking revenue was flat [35] - Capital Markets revenue increased 5% for the full year, driven by strong recurring revenue growth of 9% [37] - Adjusted revenue growth for the full year was 3%, led by strong recurring revenue growth of 5% [37] Market Data and Key Metrics Changes - Demand for digital banking solutions remains strong, with significant sales from the Digital One platform [13] - The sales pipeline for digital banking is expanding, with demand from large financial institutions increasing in double digits [13] - The Treasury Solutions segment had strong new sales, including engagements with various sectors [14] Company Strategy and Development Direction - The company is focused on its Future Forward strategy, which aims to drive operational excellence and efficiency [9] - The strategic partnership with Worldpay is expected to enhance distribution channels and revenue growth [7] - The company plans to repurchase at least $3.5 billion of stock in 2024, reflecting confidence in its business and capital position [24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in accelerating revenue growth from 3% in 2023 to 4% to 4.5% in 2024 [32] - The company anticipates adjusted EPS growth of 38% to 41% year-over-year on a continuing operations basis [71] - Management highlighted the importance of digital capabilities and regulatory technology in driving future growth [102] Other Important Information - The company completed the majority sale of the Worldpay business, which is expected to enhance strategic flexibility [22] - The adjusted EBITDA margin is projected to expand by 20 to 40 basis points in 2024 [41] - The company expects to return over $4 billion to shareholders in 2024, up from $1.7 billion in 2023 [69] Q&A Session Summary Question: Comments on the Banking side and revenue acceleration - Management is optimistic about accelerating total company revenue growth in 2024, particularly in Banking, due to strong recurring revenue and backlog conversion [45][46] Question: M&A considerations in the banking sector - Management noted the importance of having diverse assets across the fintech ecosystem and emphasized the strategic relationship with Worldpay [47][48] Question: Long-term TAI and dis-synergy impact - Management indicated that the dis-synergy impact from the Worldpay transaction is expected to be around $450 million in 2024 [55] Question: Recurring revenue growth trends - Management expects recurring revenue growth to align more closely with total revenue growth, with a sustainable acceleration anticipated [56][82] Question: Changes in FedNow implementation - Management reported increased client demand and a growing sales pipeline, particularly in digital and money movement capabilities [58][99]