When evaluating for overvaluation, it is important to analyze key metrics like the price-to-earnings (P/E) ratio and others, as well as look for profitability loss or some negative news. In addition, the relative strength index (RSI) may be reviewed to identify overbought conditions. So, let's examine three stocks that exhibit metrics outside of normal and meet some of these requirements. Source: JHVEPhoto / Shutterstock.com A reduction in interest rates could benefit the company's coverage ratio and reduce ...

Financial technology, or fintech, is a branch of banking that utilizes technological innovation to provide all sorts of financial products and services to users from all over the world from the comfort of their mobile devices. With fintech, global citizens can save their money, borrow, lend and even invest without having to step foot in a bank or other financial institution. This technological innovation has led to the emergence of a new class of high-potential stocks called fintech stocks. Fidelity Nationa ...

ial Transaction Services Market (ZS Image Source: Zacks Investment Research Zacks Rank & Key Picks Fidelity currently has a Zacks Rank #3 (Hold). Some better-ranked stocks in the Financial Transaction Services space are MoneyLion Inc. (ML) , Repay Holdings Corporation (RPAY) , and Shift4 Payments, Inc. (FOUR) . Each of these companies carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. The Zacks Consensus Estimate for MoneyLion's current ...

Investors should always be aware of their current positioning in the market cycle, especially when considering fintech stocks to sell. AI greatly propelled market expansion, so much so that just 10 top stocks in the S&P 500 make up 34% of the index, breaking the previous market concentration record all the way back in the 1920s. By their very nature, fintech companies rely on consumer transaction volumes to churn out revenue. And what happens after a sustained decline in job openings as LinkUp and Indeed da ...

Images By Tang Ming Tung Fidelity National Information Services (NYSE:FIS) has gone back to its past, having sold a controlling stake in the Worldpay merchant services business to a private equity buyer, FIS is once again focused on its long-time core businesses of providing outsourced processing, payment, and tech solutions to banking and investment clients. It's a business that has performed well for FIS in the past and where it still holds strong share. Better still, it's a business where competitive pre ...

Zacks Rank & Price Performance Rising Estimates Fidelity National is benefiting from strong recurring revenue growth across all its segments. Acceleration in new sales and focus on high-growth areas should continue to fuel top-line growth in the Banking Segment. The company expects banking-adjusted revenues to grow between 3% and 3.5% in 2024. Moreover, the recent banking uncertainty is boding well for FIS, leading to growth in accounts on file serviced on its platforms and, hence, rising banking revenues. ...

Core Viewpoint - Fidelity National Information Services (FIS) reported a mixed performance in its Q1 2024 earnings, with adjusted EPS beating estimates but a decline in revenues year over year. The company is focusing on margin expansion and cost efficiencies to drive future growth [2][3][5]. Financial Performance - Q1 2024 adjusted EPS was $1.10, exceeding the Zacks Consensus Estimate by 14.6%, but down 14.7% year over year [2]. - Revenues fell 29.6% year over year to $2.5 billion, although this was above the consensus estimate of $2.4 billion [2]. - Adjusted EBITDA rose 8% year over year to $975 million, surpassing estimates [5]. Segment Performance - Banking Solutions unit revenues increased 2% year over year to $1.68 billion, exceeding estimates [6]. - Capital Market Solutions segment revenues grew 7% year over year to $706 million, beating the consensus estimate [7]. - Corporate and Other segment revenues declined 12% year over year to $77 million, but still surpassed estimates [8]. Cost and Expenses - Cost of revenues was $1.55 billion, down 1.2% year over year [4]. - Selling, general and administrative expenses rose 10.8% year over year to $573 million, exceeding estimates [4]. - Net interest expenses decreased 45.8% year over year to $77 million, lower than estimates [4]. Cash Flow and Equity - Cash and cash equivalents increased to $3.3 billion from $440 million at the end of 2023 [9]. - Total equity dropped to $18 billion from $19.1 billion at the end of 2023 [10]. - Net cash from operations was $206 million, down 29.2% year over year [10]. Shareholder Returns - The company returned $1.6 billion to shareholders through share buybacks and dividends in Q1 2024 [11]. - Management aims to return a minimum of $4 billion to shareholders through share buybacks by the end of 2024 [12]. Future Guidance - For Q2 2024, revenues are projected between $2.465 billion and $2.490 billion, with adjusted EBITDA expected in the range of $980-$995 million [14]. - Full-year 2024 revenues are expected to be between $10.10 billion and $10.15 billion, indicating a 3.1% improvement from 2023 [15]. - Adjusted EPS guidance for 2024 has been revised upward to between $4.88 and $4.98, suggesting a 46.3% increase from 2023 [17]. Industry Context - Fidelity National operates in the Zacks Financial Transaction Services industry, which has seen mixed performance among peers, such as Bread Financial Holdings, which reported a significant revenue decline [22].

Core Viewpoint - Fidelity National Information Services, Inc. (FIS) has launched FIS Digital One Flex Mobile 6.0, an upgraded mobile banking application aimed at meeting the increasing demand for mobile banking services among financial institutions and their customers [1][2]. Group 1: Product Features and Market Demand - The new mobile banking application is designed to provide an intuitive and seamless user experience, particularly targeting Gen Z and Millennial customers, who are leading the shift towards mobile banking [2]. - Digital One Flex Mobile 6.0 includes enhanced features such as biometrics, user ID and password reset, bill payment, Zelle, internal and external transfers, and loan payment capabilities, which improve both usability and security [4]. Group 2: Business Impact and Financial Performance - The introduction of this product is expected to enhance customer retention and attract new clients, leading to increased revenues through licensing agreements, subscription fees, and other service offerings [3]. - FIS shares have appreciated by 38.4% over the past year, outperforming the industry average increase of 19% [5].

Fidelity National — with a market cap of $42.5 billion — provides banking and payments technology solutions, processing services and information-based services to the financial services industry. Courtesy of solid prospects, this stock is worth investing in at the moment. Zacks Rank & Price Performance Fidelity National Information Services, Inc. (FIS) is well-poised to grow on the back of its Future Forward initiative, cross-selling efforts, vertical expansion and margin expansion. Thegrowing global e-comm ...

Shares of fintech firm Fidelity National Information Services Inc (NYSE:FIS) are trading at their highest level since February 2023 following a post-earnings gap higher on the charts. The equity also reclaimed support from its 50-day moving average after earnings, though the $76 level kept a lid on further gains. However, a "buy" signal is flashing that could keep the wind at the stock's back.  Specifically, FIS' Schaeffer's Volatility Index (SVI) of 22% is higher than just 4% of the other readings from the ...