FIS Stock Recent News

JACKSONVILLE, Fla.--(BUSINESS WIRE)--FIS® (NYSE: FIS), a global leader in financial services technology, will present on Thurs., Sept. 7th, 2023, at the Goldman Sachs Communacopia + Technology Conference at 3:45 pm (PST). A live audio webcast, as well as a replay, will be accessible on the Investor Relations section of FIS' homepage, www.fisglobal.com. About FIS FIS is a leading provider of technology solutions for financial institutions and businesses of all sizes and across any industry globa.

With a daily gain of 2.65%, and a Loss Per Share of 39.77, Fidelity National Information Services Inc ( FIS , Financial) presents an intriguing case for value investors. The question on everyone's mind is whether the stock is a potential value trap.

Fidelity National (FIS) rewards $309 million to its shareholders via dividends in the second quarter.

While the top- and bottom-line numbers for Fidelity National (FIS) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Fidelity National Information Services (FIS) came out with quarterly earnings of $1.55 per share, beating the Zacks Consensus Estimate of $1.48 per share. This compares to earnings of $1.73 per share a year ago.

Fidelity National's (FIS) second-quarter results are likely to reflect improved transaction and account growth benefiting the Banking and Capital Solutions segment.

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

Fidelity National (FIS) will receive net proceeds of $11.7 billion from the majority stake sale in the Worldpay Merchant Solutions business.

Fidelity National Information Services (NYSE:FIS) (FIS) has reached an agreement to sell a 55% stake in its merchant business, Worldpay (LSE:WPG), to private equity firm GTCR for $11.7 billion. The move comes as FIS aims to reduce its debt and address investor pressure in line with a strategic review prompted by hedge funds DE Shaw and Jana Partners.

Fidelity National Information Services Inc. FIS said Thursday it is accelerating its plan to split into two companies with an agreement to sell a majority stake in its Worldpay Merchant Solutions business to private-equity funds managed by GTCR in a deal that values Worldpay at $18.5 billion. FIS previously announced plans to spin off its merchant business, which largely consists of Worldpay, into a separate business, a move that would walk back the company's merger with Worldpay that was announced in early 2019.