|Bid||107.44 x 7900|
|Ask||108.48 x 7800|
|Day's Range||108.36 - 108.36|
|52 Week Range||87.45 - 109.22|
|Beta (3Y Monthly)||0.10|
|PE Ratio (TTM)||44.00|
|Forward Dividend & Yield||1.24 (1.15%)|
|1y Target Est||N/A|
The longest portion of the offering, a 30-year security, will yield about 1.82 percentage points above Treasuries, after initial talk at around 2 percentage points, said the person, who asked not to be identified as the details are private. Fiserv, which wrapped up meetings with U.S. investors last week, is also holding meetings across Europe Tuesday through Thursday. Fidelity National expressed a clear preference for European markets in the financing, which was used to help fund its acquisition of Worldpay Inc.
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 ...
The Jacksonville, Florida-based company said it had net income of 45 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.64 per share. The results topped Wall Street expectations. ...
The financial services industry is experiencing merger and acquisition activity at unprecedented rates, as new fintech companies disrupt from below and legacy players react to stay relevant.
The deal will help facilitate Worldpay’s expansion into key emerging markets such as India and Brazil. Worldpay’s merchant base can leverage the NYCE debit network in the U.S. Fidelity National and Worldpay’s issuing businesses are complementary.
Conventional wisdom says that insiders and 10 percent owners really only buy shares of a company for one reason -- they believe the stock price will rise and they want to profit from it. Revlon Inc (NYSE: REV) saw a director step up to the buy window last week. The beauty and personal care products maker posted disappointing earnings and warned of material weakness in its reporting last week.
Industry consolidation is a theme expected to positively affect fintech and mobile payments stocks and the related exchange traded funds this year and going forward. Investors were reminded of that Monday ...
Several analysts cut their recommendations on Worldpay, including BMO, Cowen, KeyBanc, KBW, and Mizuho. With a market cap of about $70 billion, FIS-plus-Worldpay will be one of the largest global payments players, trailing only Visa Inc., Mastercard Inc., PayPal Holdings Inc., and American Express Co., MoffettNathanson’s Lisa Ellis writes in a note.
The financial technology sector is consolidating fast, with global payments set to reach $3 trillion a year in revenue by 2023 as more people switch from cash to digital payments for online and high street sales, consulting firm McKinsey predicts. "Scale matters in our rapidly changing industry," said FIS Chief Executive Gary Norcross, who will lead the combined powerhouse in banking and payments infrastructure. Growth in payment systems has kept deals rolling even as merger moves in other sectors have stalled on concerns about trade tensions and a global economic slowdown.
Fidelity National Information Services is buying Worldpay for about $35 billion to combine forces as financial transactions increasingly move online. Fidelity, or FIS as it is known, is a more traditional payment service provider, supporting more staid practices such as banks transactions. Worldpay is the "crown jewel" of the e-commerce niche, said Instinet analysts Dan Dolev and Conan Leon.
Fidelity National Information Services on Monday agreed to buy WorldPay for $43 billion in cash and stock, as a wave of consolidation continued in the payment processing industry.
Fidelity National Information Services Inc.’s $35.5 billion deal to acquire Worldpay Inc., the biggest deal ever in the international payments sector, follows by just two months the previous record-holder -- Fiserv Inc.’s agreement in January to pay $22 billion for First Data Corp. Dealmaking is accelerating as payments companies snap up rivals to grab market share, with investors wondering which firms might be next. Global Payments Inc. and Total System Services Inc. were among stocks that gained in early trading Monday, but dropped by midday.
Fidelity National Information Services Inc. (FIS) and Worldpay Inc. pared earlier gains in Monday trading, as analysts question FIS’s pact to acquire Worldpay Inc. for about $34 billion in cash and stock, worth about $112.12 per share as of Friday’s close. Analysts wondered why Worldpay agreed to be bought at that price, instead of trying to get more […] The post $34 Billion Purchase of Worldpay May Shake Up Travel Payments appeared first on Skift.
Merger activity in the payments business is starting to look a bit frantic. While the latest $35 billion tie-up has some logic, justifying its high price will require delivering on an ambitious strategy to expand into developing markets. , a Florida-based provider of data and technology services to banks and other financial intuitions, said Monday it is acquiring payment-processing giant Worldpay Inc. for $35 billion.
Fidelity National Information Services is buying Worldpay for about $35 billion. As Fred Katayama reports, it's the biggest deal ever in the fast-consolidating world of electronic payments.