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Is Fidelity National Information Services (FIS) Stock Outpacing Its Business Services Peers This Year?
Zacks Investment Research· 2024-03-18 14:45
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? By taking a look at the stock's year-to-date performance in comparison to its Business Services peers, we might be able to answer that question.Fidelity National Information Services is a member of our Business Services group, which includes 315 different companies and currently sits at #5 in the Zacks Sec ...
Fidelity National Information Services (FIS) Stock Sinks As Market Gains: Here's Why
Zacks Investment Research· 2024-03-08 00:16
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 ...
Brokers Suggest Investing in Fidelity National (FIS): Read This Before Placing a Bet
Zacks Investment Research· 2024-03-07 15:31
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 ...
FIS Announces Upsizing and Results of its Senior Note Tender Offers
Businesswire· 2024-03-05 13:49
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 ...
FIS Announces Pricing Terms of its Senior Note Tender Offers
Businesswire· 2024-03-04 18:07
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 ...
Here's Why Fidelity National Information Services (FIS) Gained But Lagged the Market Today
Zacks Investment Research· 2024-03-02 00:16
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 ...
Is Fidelity National Information Services (FIS) Outperforming Other Business Services Stocks This Year?
Zacks Investment Research· 2024-02-29 15:46
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 ...
3 Overextended Stocks That Need to Slash Their Dividends ASAP
InvestorPlace· 2024-02-27 20:19
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 ...
FIS Announces $2.25 Billion Senior Note Tender Offers for Certain Outstanding Senior Notes
Businesswire· 2024-02-27 09:26
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 (FIS) Q4 Earnings Miss on High Interest Costs
Zacks Investment Research· 2024-02-26 18:46
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- ...