FIS remains well-poised for growth, attributable to strong contributions from Banking Solutions and Capital Markets units, acquisitions and digital transformation efforts.
FIS is well-poised for growth, attributable to strong segmental performance, acquisitions and prudent capital deployment.
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.
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.
After years of underperformance, FIS has become one of the best-performing stocks within its peer group. Unfortunately, however, this trend is unlikely to continue as the stock is now priced more in line with fundamentals. Revenue growth remains sluggish and the opportunity for further margin improvements is now limited.
Fidelity National Information Services shares have gained 66% over the past year due to business simplification, but are now trading at fair value. Q3 earnings beat expectations with $1.40 EPS and $2.6 billion revenue, driven by recurring revenue growth and cost controls. FIS returned $700 million to shareholders in Q3, including $500 million in buybacks, and reduced debt significantly from $18 billion to $10.9 billion.
Investors interested in Financial Transaction Services stocks are likely familiar with Fidelity National Information Services (FIS) and Equifax (EFX). But which of these two companies is the best option for those looking for undervalued stocks?
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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.
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%.
FIS's third-quarter results benefit from improved recurring revenue growth and EBITDA margins. Higher expenses partially offset the results.
Fidelity National Information Services, Inc. (NYSE:FIS ) Q3 2024 Earnings Conference Call November 4, 2024 8:30 AM ET Company Participants George Mihalos - Head, Investor Relations Stephanie Ferris - Chief Executive Officer and President James Kehoe - Chief Financial Officer Conference Call Participants Ramsey El-Assal - Barclays Tien-Tsin Huang - JP Morgan Dan Dolev - Mizuho Jason Kupferberg - Bank of America Darrin Peller - Wolfe Research John Davis - Raymond James Vasu Govil - KBW Will Nance - Goldman Sachs Timothy Chiodo - UBS David Koning - Baird Andrew Schmidt - Citi Operator Good day, and welcome to the FIS Third Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.