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 ...

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 ...

Fidelity National Information Services (FIS) came out with quarterly earnings of $1.40 per share, beating the Zacks Consensus Estimate of $1.29 per share. This compares to earnings of $0.94 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.53%. A quarter ago, it was expected that this banking and payment technologies company would post earnings of $1.23 per share when it actually produced earnings of $1.36, delivering a surpri ...

Fidelity National Information Services, Inc. (FIS) is set to report third-quarter 2024 results on Nov. 4, 2024, before the opening bell. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings is currently pegged at $1.29 per share on revenues of $2.57 billion.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The third-quarter earnings estimate has remained stable over the past 60 days. The bottom-line projection indicates a year-over-year increase of 37.2%. The Zacks C ...

Wall Street analysts expect Fidelity National Information Services (FIS) to post quarterly earnings of $1.29 per share in its upcoming report, which indicates a year-over-year increase of 37.2%. Revenues are expected to be $2.57 billion, up 3.1% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 0.3% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timefra ...