FIS Stock Recent News

Fidelity National (FIS) reported earnings 30 days ago. What's next for the stock?

Investors interested in Financial Transaction Services stocks are likely familiar with Fidelity National Information Services (FIS) and MasterCard (MA). But which of these two companies is the best option for those looking for undervalued stocks?

Fidelity National (FIS) partners with Neural Payments to enhance P2P payment solutions for clients, enabling seamless money transfers through mobile banking apps and boosting digital accessibility.

Investors with an interest in Financial Transaction Services stocks have likely encountered both Fidelity National Information Services (FIS) and Fiserv (FI). But which of these two stocks is more attractive to value investors?

FIS says it is on pace to have a record year for sign-ups to its core banking offering. It's a trend driven by “competitive takeaways” and greater traction in the community banking sector, Stephanie Ferris, CEO of the financial services technology provider company, said on an earnings call Wednesday (Aug. 7).

While the top- and bottom-line numbers for Fidelity National (FIS) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Fidelity National (FIS) adds $3 billion in its share repurchase fund on Aug 1 and reiterates its buyback goal.

Fidelity National Information Services, Inc.'s increased focus is driving better core results, with revenue up 4% and EBITDA margins expanding to 40.1% with Worldpay also performing better. Recurring revenue boosted segment revenue growth, with banking revenue up 3% and capital markets revenue up 7%, and its backlog is over $20 billion over several years. Fidelity remains attractive with strong cash generation, balance sheet strength, and potential for ongoing share buybacks, which is not fully reflected in valuation.

Fidelity National Information Services, Inc. (NYSE:FIS ) Q2 2024 Earnings Conference Call August 6, 2024 8:30 AM ET Company Participants George Mihalos - Head of Investor Relations Stephanie Ferris - President and Chief Executive Officer James Kehoe - Chief Financial Officer Conference Call Participants Ramsey El-Assal - Barclays Will Nance - Goldman Sachs Darrin Peller - Wolfe Research Dan Dolev - Mizuho Jason Kupferberg - Bank of America Tien-Tsin Huang - JP Morgan John Davis - Raymond James David Koning - Baird Vasundhara Govil - KBW James Faucette - Morgan Stanley Ken Suchoski - Autonomous Research Operator Good day, and welcome to the Fidelity National Information Services Second Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.

Fidelity National Information Services (FIS) came out with quarterly earnings of $1.36 per share, beating the Zacks Consensus Estimate of $1.23 per share. This compares to earnings of $1.55 per share a year ago.