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. ...

Fidelity National Beats Q1 Earnings on Margin Expansion Fidelity National reported first-quarter 2024 adjusted EPS of $1.10, which beat the Zacks Consensus Estimate by 14.6%. However, the bottom line declined 14.7% year over year. A month has gone by since the last earnings report for Fidelity National Information Services (FIS) . Shares have added about 2.4% in that time frame, outperforming the S&P 500. Revenues dipped 29.6% year over year to $2.5 billion. However, the top line beat the consensus mark of ...

Fidelity National Information Services, Inc. (FIS) recently announced the launch of FIS Digital One Flex Mobile 6.0, an upgraded version of its mobile banking application for its financial institution customers. This move is aimed at catering to the growing demand for mobile banking services for customer interactions with the bank. Per American Bankers Association, almost 50% of users in the United States use mobile applications for banking. Gen Z and Millennial customers are at the forefront of driving thi ...

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 ...

Fidelity National Information Services, Inc. (FIS) shares gained 5.5% since it reported first-quarter 2024 results on May 6, 2024. Upward revision in adjusted earnings per share (EPS) guidance, along with favorable EBITDA margin expansion, might have buoyed investor confidence in the stock. The first-quarter earnings benefited from strong recurring revenue growth in both the segments and strong new sales growth. However, negative professional services revenue growth in both segments and a less favorable rev ...

Fidelity National Information Services (FIS) reported $2.47 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 29.7%. EPS of $1.10 for the same period compares to $1.29 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.45 billion, representing a surprise of +0.85%. The company delivered an EPS surprise of +14.58%, with the consensus EPS estimate being $0.96.While investors closely watch year-over-year changes in headline numbers -- reve ...