|Bid||131.08 x 800|
|Ask||142.25 x 800|
|Day's Range||133.76 - 138.36|
|52 Week Range||94.53 - 140.73|
|Beta (3Y Monthly)||0.57|
|PE Ratio (TTM)||58.64|
|Earnings Date||Oct 28, 2019 - Nov 1, 2019|
|Forward Dividend & Yield||1.40 (1.01%)|
|1y Target Est||150.04|
Mark VenHuizen, the comptroller of a family business which sells parts for boat engines in Florida, says he has complained three times to Worldpay Inc since 2016 for tacking on extra fees to process his customers' credit and debit card payments without clearly telling him about it. The first two times when he complained after noticing larger costs on his billing statement, the additional fees disappeared for a few months. Last August, he discovered Worldpay had added a 0.3% charge on top of an initial fee of 0.2% on many transactions, boosting his bill by hundreds of dollars.
The Zacks Analyst Blog Highlights: Berkshire Hathaway, Johnson & Johnson, NVIDIA, Booking and Fidelity
(Bloomberg) -- When Swedish banking firm Klarna became Europe’s most valuable financial technology startup last week, it was only the latest sign that digital finance has escaped the troubles afflicting legacy lenders.Its latest fundraising gave Klarna, which facilitates online installment payments, a $5.5 billion valuation. European fintech companies raised $3.3 billion in venture capital in the first half of 2019, up from $1.9 billion in the same period last year, according to data compiled by CB Insights. In contrast, an index of European Union banks has dropped 39% the past 18 months.“Investors are drawn to it because it’s the perfect blend of a huge, mature industry which, empowered by technology, can deliver vast returns, far in excess of what you see if you’re starting up out of nowhere,” said Ben Brabyn, chief executive officer of Level39, one of Europe’s largest fintech accelerators, in an interview.Here are a few other recent industry highlights and what to watch out for next.Fintechs Flout Brexit WorriesLondon fintechs defied the Brexit gloom that descended on the the U.K. Transferwise Ltd. announced a funding round in May that valued the eight-year-old company at $3.5 billion, up from $1.6 billion in 2017. A few weeks later, online bank Monzo closed a new funding round doubling the startup’s valuation to more than $2.5 billion. Meantime, Revolut Ltd., while being eyed by regulators for possible compliance lapses, expanded into stock trading. They weren’t all winners: shares of peer-to-peer lender Funding Circle Ltd. have plunged 65% this year.IZettle’s Surprise PayPal SaleIt was the midnight deal that surprised many -- PayPal Holdings Inc. purchased iZettle AB for $2.2 billion in May 2018 the night before the Swedish startup had planned to price its shares in an initial public offering. Stockholm-based iZettle competes with Twitter co-founder Jack Dorsey’s Square Inc., and Canada’s Shopify Inc.Adyen Soars After IPODutch payments processor Adyen NV hit headlines for two reasons last year. First, in February, it was announced the Netherlands-based firm would replace PayPal as EBay Inc.’s global checkout service. Then in June, it held a billion-dollar IPO and saw its shares surge 90% in the first day of trading. The company, whose clients include Netflix Inc. and Spotify Technology SA, is now valued at 20 billion euros ($22.4 billion)Worldpay’s $35.5 Billion DealAs one of the world’s biggest payments firms, Worldpay Inc. handles about $1 trillion annually -- similar to Chase Paymentech. When Fidelity National Information Services Inc. said on July 31 it’d completed its $35.5 billion acquisition of the company, data compiled by Bloomberg showed the combined business will be the world’s biggest in the processing and payments industry. It wasn’t a bad day for Ohio-based Worldpay, which less than two years earlier had been a British enterprise snapped up for 7.7 billion pounds ($9.3 billion) by U.S. merchant acquirer Vantiv.What’s Next?N26, the German mobile bank backed by billionaire Peter Thiel, announced in July it had extended its most recent fundraising round to $470 million, at a valuation of $3.5 billion. The company is expanding from Europe to the U.S., betting it can attract users from established lenders and credit card providers with free accounts, fewer fees and phone alerts.Other companies to watch include Revolut, which despite multiple run-ins with controversy remains exciting to investors after it held one of the biggest fundraising rounds for a European fintech last year, and app-based banks Monzo and Starling, which are attracting customers at a rapid clip.Further down the line is the U.K.’s online lender Zopa Ltd., which its CEO Jaidev Janardana said in July could potentially hold an IPO in 2021.“The valuations are encouraging but they’re not enough. They’re just an early indicator. The important numbers to watch are the customers,” said Brabyn. “We all need to step up to demonstrate the public value of what we do.”To contact the reporter on this story: Ali Ingersoll in London at firstname.lastname@example.orgTo contact the editors responsible for this story: Giles Turner at email@example.com, Nate Lanxon, James HertlingFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The $145 million buildout of a corporate headquarters in Riverside made it passed several hurdles in Wednesday's meeting of the Downtown Investment Authority.
In its first earnings report after being acquired, Greater Cincinnati-based Worldpay beat Wall Street's expectations.
Fidelity National (FIS) delivered earnings and revenue surprises of 0.00% and 0.07%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
JACKSONVILLE, Fla.-- -- FIS GAAP revenue flat; organic revenue increased 5 percent FIS Diluted EPS of $0.47; Adjusted EPS of $1.78 Worldpay GAAP revenue increased 7 percent; constant currency revenue increased 8 percent Worldpay Diluted EPS of $0.46; Adjusted EPS of $1.24 FIS issues consolidated guidance for third and fourth quarter 2019, including the impact of the Worldpay acquisition, which closed ...
The Downtown Investment Authority will consider granting almost $30 million in state and city incentives to the construction of a riverfront corporate headquarters during Wednesday's board meeting. The incentives include a $23.4 million tax rebate grant, a $3.5 million city grant payable when the project is complete and $3 million in tax refunds – $600,000 from the city and $2.4 million from the state. The package, code-named Project Sharp, will go towards construction of a 300,000-square-foot corporate headquarters to house 500 employees with an average annual wage of $85,000.
Gary Norcross became the CEO of Fidelity National Information Services, Inc. (NYSE:FIS) in 2015. First, this article...
Repay Holdings Corporation was an incredible trade for those who bought the warrants early and the business remains very attractive. That's according to a Real Vision interview with IPO Edge Editor-in-Chief John Jannarone, who recommended buying warrants in the special purpose acquisition company, or SPAC, before the vehicle took Repay public. There was reason to […]
Moody's Investors Service ("Moody's") withdrew all the ratings for Worldpay, LLC (Worldpay) and Worldpay Finance plc upon the closing of the acquisition of Worldpay by Fidelity National Information Services, Inc. (FIS, Baa2 stable) and the repayment of Worldpay's rated debt instruments.
Worldpay Inc.’s top three executives will remain with Fidelity National Information Services Inc. following its $43 billion acquisition of Greater Cincinnati-based Worldpay. Here's where they'll be located.
Greater Cincinnati-based Worldpay Inc. and Fidelity National Information Services Inc. have completed their $43 billion acquisition deal.
FIS acquires Worldpay, one of the world’s leading global eCommerce and payment technology companies. Post-acquisition, FIS will have over $12 billion in pro forma revenue and be a global leader in technology and solutions for merchants, banks and capital markets. With more than 55,000 employees and a best-in-class technology portfolio, FIS is positioned to accelerate its growth and advance the way the world pays, banks and invests.
Worldpay Inc. and Fidelity National Information Services Inc. have reportedly set the date for their $43 billion acquisition deal to close.
Fiserv Inc. shares continued their rally on Friday, after the financial-technology company suggested that its synergy targets for its pending deal with First Data Corp. could be conservative.