|Bid||121.49 x 1100|
|Ask||121.51 x 800|
|Day's Range||120.45 - 121.65|
|52 Week Range||94.53 - 123.28|
|Beta (3Y Monthly)||0.65|
|PE Ratio (TTM)||49.29|
|Earnings Date||Jul 29, 2019 - Aug 2, 2019|
|Forward Dividend & Yield||1.40 (1.16%)|
|1y Target Est||134.30|
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 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.
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.
FIS™ (FIS), a global leader in financial services technology, today announced that it has completed an amendment of its existing Revolving Credit Facility that increases its borrowing capacity under the unsecured revolving facility from $4.0 billion to $5.5 billion with the expiration of the agreement remaining September 21, 2023. Consistent with the increase in its Revolving Credit Facility, FIS has increased the capacity under its existing U.S. Commercial Paper (“USCP”) program to $5.5 billion. Additionally, FIS has established a new European Commercial Paper (“ECP”) program under which it may issue, on a private placement basis, senior unsecured commercial paper notes up to a maximum aggregate amount outstanding at any time of $4.7 billion.
Clients of these solutions will receive a financial credit for service outages caused by FIS lasting longer than 15 minutes. FIS has invested significantly in cloud-enabling its global network, with nearly 80 percent of its applications expected to be running in the FIS cloud by 2021. FIS™(FIS), a global leader in financial services technology, is backing its dedication to world-class service levels with a commitment to issue financial credits to clients using select FIS applications should they experience service disruptions caused by FIS lasting longer than fifteen minutes.
Shares of Total System Services Inc. are up more than 6% in premarket trading Friday after Bloomberg reported that the company has engaged in talks with Global Payments Inc. about a potential merger. The companies also discussed potential joint ventures and other ways they could work together without merger, according to Bloomberg, which cites an anonymous source. Total System Services and Global Payments didn't immediately respond to MarketWatch's request for comment. "It seems like the race is on for creating the third two-sided network platform, servicing both [financial institutions] and merchants," wrote Wedbush analyst Moshe Katri. "TSS remains one of the least expensive names in the space." Payments peers Fidelity National Information Services Inc. and Worldpay Inc. announced plans to combine back in March, while Fiserv Inc. and First Data Corp. announced their own merger plans in January. Piper Jaffray analyst Jason Deleeuw wrote that he expects any merger between Total System Services and Global Payments to be a cash and stock deal, "like the other two processing mega-mergers announced this year." Total System Services shares have gained 23% so far this year, as the S&P 500 has risen 13%.
While Gremlin Social has previously placed its focus on providing social media compliance offerings for financial institutions, the startup has transformed with emphasis on providing sales-enablement content distribution for bankers, lenders and wealth managers.
FIS™ , a global leader in financial service technology, will present on Thurs., May 30, 2019, at the Cowen 47th Annual Technology, Media & Telecom Conference in New York at 10:50 a.m.
Is Fidelity National Information Services, Inc. (NYSE:FIS) a good dividend stock? How would you know? Dividend paying...
Fidelity National Information Services, FIS™, , a global leader in financial services technology, today announced the pricing of its multi-tranche offerings of senior notes denominated in Euro, Pounds sterling and U.S.
Moody's Investors Service ("Moody's") has assigned a Baa2 senior unsecured rating to Fidelity National Information Services, Inc.'s ("FIS") proposed offering of senior notes. The net proceeds from the offering (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 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 Information Services, FIS™, (FIS), a global leader in financial services technology, today announced that it intends to make offerings, subject to market and other considerations, of senior notes denominated in Euro, Pounds sterling and U.S. dollars, each in one or more tranches (the “Senior Notes”). FIS intends to use the net proceeds from the Senior Notes offerings, together with commercial paper borrowings, to provide funds for the cash portion of the merger consideration for its pending merger with Worldpay, Inc. (“Worldpay”), the repayment of outstanding Worldpay debt and costs and expenses of the merger. Any remaining net proceeds would be used for general corporate purposes. Pending such uses, FIS may invest the net proceeds from the Senior Notes offerings temporarily in investment-grade securities, money-market funds, bank deposit accounts or similar short-term investments, or use such net proceeds to repay outstanding borrowings under its existing commercial paper program or revolving credit facility.