|Bid||130.26 x 800|
|Ask||130.33 x 1000|
|Day's Range||129.62 - 130.75|
|52 Week Range||94.53 - 130.75|
|Beta (3Y Monthly)||0.58|
|PE Ratio (TTM)||53.06|
|Earnings Date||Aug 6, 2019|
|Forward Dividend & Yield||1.40 (1.08%)|
|1y Target Est||140.20|
Fidelity National Information Services Inc NYSE:FISView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is moderate * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | NeutralShort interest is moderate for FIS with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding FIS are favorable, with net inflows of $7.27 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is very weak relative to the trend shown over the past year, and has continued to ease. However, the rate of expansion may accelerate in the coming months. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll look at Fidelity...
(Bloomberg) -- Diginex Ltd., a Hong Kong-based cryptocurrency and blockchain services company, said on Wednesday that it is going public through a reverse merger with 8i Enterprises Acquisition Corp.Diginex will be listed on Nasdaq following the deal with 8i, a so-called blank-check company, the companies said. The deal is poised to value Diginex at about $276 million including debt, according to a press release, which confirmed an earlier Bloomberg report.Diginex’s Chief Executive Officer Richard Byworth said in a statement that the deal will give the company “broader market visibility.”Diginex provides advisory services and develops blockchain tools for companies including payments firm Fidelity National Information Services Inc. It is also planning to launch a virtual currency marketplace, according to its website. 8i is a special purpose acquisition company, a type of firm that raises money with plans to buy or merge with other companies.Cryptocurrency companies such as Diginex have been skipping initial public offerings and instead pursuing so-called backdoor listings to access public markets. IPOs can take longer to pull off and involve more regulatory hurdles. The U.S. Securities and Exchange Commission will still need to approve Diginex’s proxy filing.Diginex shareholders will receive 20 million ordinary shares of 8i valued at $10 per share.The cryptocurrency firm has been hiring executives to expand in the U.S. In February, Diginex said it brought on Will McDonough, a former Goldman Sachs Group Inc. vice president who previously started a brand-management company that has represented quarterback Tom Brady of the National Football League’s New England Patriots.An agreement to bring on McDonough has not been finalized yet, however, and he has not started at the company. McDonough and his team are not part of this transaction, a Diginex spokeswoman said.Diginex is betting that financial institutions and investors will increase their exposure to digital assets and the blockchain technology that underpins them, despite a major sell-off that has erased most of the cryptocurrencies’ market value over the past two years.While some institutions are experimenting with products, many have steered clear because of an uncertain regulatory outlook and concerns over money laundering, market manipulation and cybertheft. Facebook said this month that it planned to introduce a cryptocurrency called Libra, a move that already has drawn scrutiny from U.S. lawmakers.(Updates to change attribution to press release, adds details on executive’s hiring not being finalized, adds CEO quote.)\--With assistance from Dave Liedtka and Olga Kharif.To contact the reporter on this story: Liana Baker in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Daniel Hauck at email@example.com, Ben Scent, Amy ThomsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
FIS™ , a global leader in financial services technology, will announce second quarter 2019 financial results on Tues., August 6, 2019, prior to market open.
Multi-year agreement includes debit, credit and ATM payment processing as well as loyalty, fraud protection, card production, and integration with FIS’ NYCE network. Advanced new Unified Payments Platform will help credit union provide a consistent user interface for 50,000 members and improve office efficiency for employees. FIS™(FIS), a global leader in financial services technology, announced today that Sun East Federal Credit Union is moving to a modern, integrated payments platform from FIS to better serve its more than 50,000 members.
First-of-its-kind portal connects qualifying job seekers with employment opportunities and employers with up to $9,600 in related federal tax credits per hire. Job seekers who qualify include food stamp or supplemental security recipients, veterans, individuals unemployed for 27 weeks or more, and those who live in low-income areas. A first-of-its-kind job portal from financial technology leader FIS™(FIS) is helping Electronic Benefit Transfer (EBT) recipients find jobs, while connecting the employers who hire them with up to $9,600 in federal tax credits per hire.
The European Commission isn't expected to make their decision official, or public, until July 5. Fidelity National announced the bid in March. Global digital payments are expected to top $3 trillion after topping out at about $137 billion in 2017, according to research company The Business.
U.S. financial services provider Fidelity National Information Services Inc (FIS) is set to gain unconditional antitrust approval from the European Union for its $35 billion bid for payments company Worldpay , people familiar with the matter said on Monday. Worldpay, spun off from Royal Bank of Scotland in 2010, is a major player in card payments. Global payments could top $3 trillion a year in revenue by 2023 as more people switch from cash to digital payments for online and in-store sales, according to consulting firm McKinsey.
Executives at Worldpay Inc. first began talking with Fidelity National Information Services officials two years before an acquisition came to fruition. And once they started seriously discussing a deal, Worldpay negotiated the purchase price up significantly.
I've been keeping an eye on Fidelity National Information Services, Inc. (NYSE:FIS) because I'm attracted to its...
If you are looking for fresh investing inspiration, look no further. Wedbush has just released the latest version of its Best Ideas List. The June report reveals the firm's top stock picks right now- and includes the removal of two Outperform-rated names (see below). But first, let's take a closer look now at why these five stocks make such compelling investing propositions right now... 1\. Microsoft (MSFT)Top-rated Wedbush analyst Daniel Ives has just reiterated his MSFT Buy rating with a $155 price target. From current levels that indicates 18% upside potential. “In our opinion Microsoft remains in an enviable position heading into the rest of 2019 and 2020 on the heels of its cloud success and is firing on all cylinders around its Office 365 and Azure strategic vision based on our recent checks” explains the analyst. The shift to cloud is a major secular trend that is significantly benefiting MSFT, says Ives. He believes Microsoft is perfectly positioned to get more complex workloads (e.g., AI, machine learning, etc.) as more enterprises take the leap to a hybrid cloud architecture over the coming years. “While AWS remains the leader in cloud, we believe MSFT is starting to clearly "close the gap" the analyst tells investors. Indeed, roughly 32% of workloads are in the cloud today, and this figure is poised to hit a whopping 55% by 2022. View MSFT Price Target & Analyst Ratings Detail 2\. Activision Blizzard (ATVI)Wedbush isn’t the only firm signaling their confidence in ATVI right now. One of the world’s biggest video game companies, ATVI also has the thumbs up from Goldman Sachs’ Mike Ng. The Goldman Sachs analyst upgraded Activision from Hold to Buy on May 28. And he also elevated ATVI to Goldman’s ‘Conviction Buy’ list of top stock ideas. According to Ng, the company "is on the cusp of an earnings inflection" as well as an engagement inflection. "Specifically, 'Overwatch' engagement is likely to improve following the introduction of Storm Rising (PvE), Workshop mode, and Havana," the analyst told investors. "'Hearthstone' likely will benefit from Rise of Shadows (expansion) and The Dalaran Heist (solo story mode), while 'World of Warcraft' should benefit from Classic and Rise of Azshara." These create the potential for earnings upside said the analyst.He has a $54 price target on the stock (20% upside potential). In comparison, Wedbush analyst Michael Pachter has a slightly more bullish $56 price target, for 24% upside potential. See what other Top Analysts are saying about ATVI. 3\. Fidelity National Info (FIS)Mergers are shaking up the payments processing industry, and one key stock to keep your eye on is Fidelity National. FIS provides international financial services technology and outsourcing services. Wedbush analyst Moshe Katri added FIS to the firm’s Best Ideas List back in late March 2019. Since that date shares are up 10%. Katri made the move after FIS agreed to buy Worldpay (WP) for $35 billion in cash and stock. "The combined company will be positioned to offer best-in-class enterprise banking, payments, capital markets, and global e-commerce capabilities empowering merchants worldwide," the analyst commented. In short we are looking at a tech and payments powerhouse, with significant synergy potential. Katri has a $140 price target on shares (16% upside potential) calling FIS ‘significantly undervalued’ compared to peers. A similarly upbeat perspective comes from Jefferies’ Michael Del Grosso. "The consolidated entity will have global scale in both merchant processing and issuer processing," Del Grosso said. "We believe the deal's rationale is predominantly driven by continuing to drive scale in the industry.”View FIS Price Target & Analyst Ratings Detail 4\. Tempur Sealy International (TPX)Tempur Sealy International describes itself as the world's largest bedding provider. The Kentucky-based company has enjoyed a terrific rally year-to-date, with prices up 65%. And according to Wedbush’s Seth Basham this is still a stock worth buying into. He has just reiterated his Outperform rating with a $74 price target.Memorial Day weekend bricks and mortar mattress sales checks with retailers and industry contacts were favorable, noted Basham. Encouragingly, retailers called out strength in Tempur-Sealy products, with special mention of the new high-end Tempur Breeze helping to boost average selling prices (ASPs). “The favorable sales trends came despite a modest pullback in promotions across the industry. We believe TPX sales and margin trends are on track for 2Q19, with more upside than downside risk” the analyst wrote. See what other Top Analysts are saying about TPX. 5\. Electronic Arts (EA)Another gaming stock also crops up on the Best Ideas List- Electronic Arts. On May 17, the firm’s Michael Pachter promoted EA to best idea status with a $122 price target (32% upside potential).“We expect EA to deliver material upside to its FY:20 guidance for net bookings and EPS, driven by Apex Legends and a game lineup this year that appears outstanding” explained Pachter. That includes the upcoming adventure game, Star Wars Jedi: Fallen Order. The analyst added: “We expect a string of near-term catalysts, including updates on Apex MAUs, game reveals at the E3 Expo in June, greater detail on the market expansion potential for services like Google Stadia, and continuing growth of EA’s sports business.” With the E3 Expo currently underway in LA, now is the time for these catalysts to begin materializing. See what other Top Analysts are saying about EA. And it’s goodbye to:Two stocks are slashed from the list. “We are removing DIN and OBSV from the Best Ideas List” writes the firm. Dine Brands Global (DIN) operates franchised and corporate owned full-service restaurants including Applebee's Neighborhood Grill & Bar and International House of Pancakes. “While we maintain our OUTPERFORM rating, we are removing DIN from the Wedbush Best Ideas List given the less attractive risk/reward profile at current levels” explains the firm. Indeed, year-to-date DIN is trading up 39%. That’s not to say there isn’t hope ahead. “We continue to view DIN’s primarily franchised model as underappreciated and believe the current discount to franchised peers… could narrow over the next 6 to 12 months.” As for Swiss biotech Obseva (OBSV), the firm simply writes “We are removing OBSV from the Best Ideas List due to our investment price discipline.” Shares have plunged 20% year-to-date for the company, which focuses on reproductive health and pregnancy. Discover stock ideas from the Street's best performing analysts here
Financial services firms with more advanced technology are growing over twice as fast as peers. Finding comes even as industry overall grows more confident that it has the right technology in place to support its growth ambitions. New research released today from FIS™ (FIS) found that while the financial services industry is growing more confident overall in its underlying technology, the firms with the most advanced technology operating models continue to outperform their peers in terms of revenue growth, driven by accelerated adoption of cloud, artificial intelligence (AI) and other emerging technologies.
We can judge whether Fidelity National Information Services Inc. (NYSE:FIS) is a good investment right now by following the lead of some of the best investors in the world and piggybacking their ideas. There's no better way to get these firms' immense resources and analytical capabilities working for us than to follow their lead into […]
The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put...
EU antitrust regulators will rule by July 5 whether to approve Fidelity National Information Services Inc's $35 billion bid for Worldpay , a filing on the European Commission website showed. The deal is ...
U.S. markets were closed on Monday for the Memorial Day holiday, but the selling pressure on stocks did not slow down this week.There was little progress in trade talks between the U.S. and China this week. In fact, President Trump declared trade war on a new front Thursday, proposing a 5% tariff on all goods imported from Mexico, beginning June 10. In lieu of agreement between the U.S. and its neighbor to the south, the tariff would gradually increase to 25% by October. This continued global economic uncertainty sent investors looking for security in bonds. Short-term rates moved so low on Wednesday that the yield on 3-month bills T-bills was 14 basis points below 10-year notes, which is a level of inversion that hasn’t been experienced since the Financial Crisis.As a reminder, bond investors are not always right, but an inverted yield curve is generally viewed as a signal that a recession could materialize in the next year or so.Even so, there are plenty of reasons to remain upbeat on select investment areas. For example, dividend stocks become more attractive as Treasury yields move back down. In addition, the first-quarter GDP report was revised lower to still-impressive 3.1% growth on Thursday.Plus, there’s always the notion that investors have an FOMC put option in their back pocket. Fed funds futures are pricing in a 74% possibility of an interest rate cut by September, compared with a 48% chance a week ago.Happily Looking to Next Week and a New MonthLooking ahead to next week, all eyes will be on the May jobs report next Friday. The consensus analyst estimate calls for the addition of 190,000 non-farm payrolls. A good number could go a long way to dispel the rumors of pending doom-and-gloom that have been hanging over stocks the past couple of weeks.This year, some investors certainly followed the old Wall Street adage, to “sell in May and go away”. The S&P 500 fell 6.5% last month, giving back a large chunk of the hard-fought gains realized in the first four months of 2019.However, the fact remains that attractive investments are out there, if you’re willing to dig a little deeper.One such FinTech name that’s worth a closer look is our Stock of the Week below… Stock of the Week: Fidelity National (FIS)Admittedly, the winners were few and far between in a week where the S&P 500 fell 2.7% in just four days of trading. That said, we recently added Fidelity National to our Smart Investor portfolio and are pleased to see that shares were up 1.3% this week. The stock also gained 3.8% in the month of May, exceeding the return of the S&P 500 by more than 10 percentage points.Looking ahead, these gains should keep on coming. Here’s why:You may not be familiar with the name, but there’s a good chance that Fidelity National touches your money on a daily basis. The company is the leading processor of payments and other transactions for banks and various financial institutions.After being in business for over 50 years, Fidelity National counts more than 20,000 customers across 130 countries. The company processes billions of transactions annually that helps move $9 trillion around the globe.Analysts Increasingly BullishOn Thursday, top-rated analyst, James Friedman of Susquehanna, started coverage of the stock with a Buy rating and $140 price target. Friedman is rated 207 of the over 5,000 analyst tracked by TipRanks, which adds weight to the call. His target suggests 16.4% upside potential for Fidelity National and Friedman is not alone in his bullishness. 13 of 14 active analysts covering the company rate it a Buy (1 Hold).Merger Boosts Growth PotentialA significant portion of Fidelity National’s expected future growth is a result of a massive merger that management announced earlier this year. Back in March, the company said that it would acquire competitor, UK-based Worldpay, assigning an enterprise value of $43 billion to the deal. Fidelity National is paying a mixture of cash and stock for the deal and will control 53% of the combined company.The merger is expected to close in the third quarter and help boost Fidelity National’s organic revenue growth to 6% to 9% through 2021, up from 5% reported in the most recent quarter. In addition, management sees $400 million of annual cost synergies by combining the two businesses. Fidelity National has identified another potential $500 million of annual cross-selling opportunities from combining the two customer bases. Aided by the merger, consensus analyst estimates call for the company to average 20% earnings growth over the next three years. The stock is currently valued at 14.7x expected 2020 earnings of $8.19 a share, which is a discount to the industry average of 19x, the broader market and Fidelity National’s expected growth rate.Finally, I’m encouraged to note the stock sports a Smart Score of 10/10 on TipRanks, co-signing the potential for continued price momentum. This new proprietary metric utilizes Big Data to rank stocks based on 8 key factors that have historically been a precursor of future outperformance.In addition to the catalysts mentioned above, Smart Score notes the company has positive sentiment from hedge funds and investment bloggers.Discover more stocks with a 'perfect' 10/10 Smart Score here<
Moody's Investors Service ("Moody's") assigned a Prime-2 short term rating to Fidelity National Information Services, Inc.'s ("FIS") new $4.7 billion Euro commercial paper program. Borrowings under the new program (along with the net proceeds from the other transactions comprising the permanent financing) will be used to provide funds for the pending acquisition of Worldpay, Inc. ("Worldpay"), including to pay the cash portion of the acquisition consideration and to refinance Worldpay's existing debt. The acquisition of Worldpay is credit positive as it combines industry leaders in bank payment processing and merchant acquiring and creates a stronger business profile than that of standalone FIS.
Fidelity National (FIS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Fidelity National (FIS) seeks to use proceeds from increased borrowing capacity and recent bond offering toward financing cash portion of the Worldpay merger deal.