Fidelity National Information Services, Inc. (FIS) benefits from strong Banking Solutions and Capital Market Solutions businesses, digital transformation opportunities, partnerships, and a robust cash flow supporting shareholder returns.FIS’ Zacks Rank & Price RallyFidelity National currently carries a Zacks Rank #3 (Hold).The stock has gained 38.8% in the past year compared with the industry’s 24.2% growth. The Zacks Business Services sector rose 23.3% and the S&P 500 composite index increased 28.4% in the ...

FIS is reportedly acquiring U.K. supply chain finance firm Demica in a $300 million deal.The two parties agreed to a deal last week, Sky News reported, citing unnamed sources. An announcement is said to be forthcoming.FIS did not immediately reply to PYMNTS’ request for comment. A spokesperson for Demica said the company does not comment on market rumors or speculation.The news came weeks after Demica announced in a press release that its assets under administration surpassed $40 billion, while the compound ...

FIS is teaming with Oracle to remove paper checks from the utility billing process.The FinTech company announced Tuesday (Nov. 12) that its BillerIQ solution, running on the Oracle Cloud Infrastructure, will allow Oracle — which manages billions of utility customer bills each year — to roll out electronic bill delivery.“The utility sector has historically used traditional payment methods,” Seamus Smith, group president of global automated finance at FIS, said in a news release. “However, with smart meters a ...

Vladimir Dimitrov, CFA is a former strategy consultant within the field of brand and intangible assets valuation. During his career in the City of London he has been working with some of the largest global brands within the technology, telecom and banking sectors.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. ...

Shares of Fidelity National Information Services (NYSE: FIS ) have been a strong performer over the past year, gaining 66% as its business simplification has paid off for investors. However, shares have pulled back a bit from their 52-weekOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, just let me kno ...

Core Viewpoint - The article emphasizes the importance of utilizing Zacks Premium services, including Zacks Rank and Style Scores, to enhance investment confidence and identify high-potential stocks. Zacks Style Scores - Zacks Style Scores provide a rating system for stocks based on value, growth, and momentum characteristics, helping investors select securities likely to outperform the market in the short term [3][4]. - Stocks are rated from A to F, with A indicating the highest potential for outperformance [4]. Value Score - The Value Score identifies attractive and discounted stocks using financial ratios such as P/E, PEG, and Price/Sales [4]. Growth Score - The Growth Score focuses on a company's financial health and future outlook, analyzing projected and historical earnings, sales, and cash flow [5]. Momentum Score - The Momentum Score assesses stocks based on price trends and earnings outlook changes, indicating favorable times to invest in high-momentum stocks [5]. VGM Score - The VGM Score combines all three Style Scores, providing a comprehensive indicator for selecting stocks with strong value, growth, and momentum characteristics [6]. Zacks Rank - The Zacks Rank is a proprietary model that uses earnings estimate revisions to simplify portfolio building, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [7][8]. - There are over 800 top-rated stocks available, making it essential for investors to utilize Style Scores to narrow down choices [9]. Stock Highlight: Fidelity National Information Services (FIS) - Fidelity National Information Services, Inc. is a provider of banking and payments technology solutions, formed through a merger in 2006 [12]. - FIS holds a 2 (Buy) rating on the Zacks Rank and has a VGM Score of B, with a Momentum Style Score of A, indicating strong performance potential [13][14]. - Recent upward revisions in earnings estimates by analysts have increased the Zacks Consensus Estimate for FIS to $5.19 per share, with an average earnings surprise of 8.2% [13].

On Monday, Fidelity National Information Services, Inc FIS reported third-quarter revenue of $2.57 billion, up 3% year over year, topping the analyst consensus of $2.56 billion. Adjusted EPS of $1.40 beat the analyst consensus of $1.29.The company expects fiscal 2024 revenue of $10.14 billion – $10.17 billion (prior $10.12 billion – $10.17 billion) and adjusted EPS of $5.15 – $5.20 (prior $5.03 – $5.11).Also Read: Short Squeeze – GlobalFoundries Stock Soars On Q3 Earnings Beat, Strong Q4 OutlookMultiple ana ...

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 September 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 Information Services (FIS) reported results that showed momentum across what management has termed “the money lifecycle,” where funds might be “at rest, “in motion” or “at work.”CEO Stephanie Ferris said during the Monday (Nov. 4) conference call with analysts that recurring revenue growth accelerated to 6%.Supplemental materials released by the company detailed that adjusted revenues were 4% higher to $2.6 billion.Cross-Selling MomentumCross-selling opportunities grew across its installed ...

Fidelity National Information Services, Inc. (FIS) reported third-quarter 2024 adjusted earnings per share (EPS) of $1.40, which beat the Zacks Consensus Estimate by 8.5%. Also, the bottom line increased 48.9% year over year.Revenues grew 3.2% year over year to $2.6 billion. Also, the top line beat the consensus mark by a whisker.The strong third-quarter results benefited from strong recurring revenue growth in both segments and new sales momentum. It witnessed improved results from both the Banking Solutio ...