Fidelity Natl Information Svcs Stock Price, News & Analysis

FIS reported strong Q3 2021 results with a revenue increase of 10% to $3.5 billion, alongside adjusted EBITDA growth of 17% to $1.6 billion. The company achieved approximately $600 million in annual run-rate revenue synergies and $475 million in operational expense synergies from its Worldpay acquisition. Net earnings surged by 690% to $158 million, and share buybacks totaled $1.2 billion. With solid cash flow and a guidance of $13.9 to $14.0 billion in revenue for FY 2021, FIS demonstrates robust profitability and operational execution.

FIS, a leader in financial services technology, announced an updated capital allocation strategy aimed at driving growth while rewarding shareholders. The strategy includes a hike in the annual dividend growth rate to 20%, up from 10%, allowing for a gradual increase in the dividend payout ratio to 35%. FIS will also repurchase shares under existing authorization, having repurchased 15 million shares as of September 2021. The company continues to prioritize organic and inorganic growth investments, including significant M&A activities to enhance its market reach.

FIS has partnered with the Washington Nationals as the Official Payments Technology Provider, enhancing fan experiences at Nationals Park. This partnership will implement advanced merchant processing technology, facilitating seamless payments for tickets, food, and merchandise. FIS will also introduce a unique analytics platform to tailor fan interactions. Additionally, renovations to the The FIS Champions Club will elevate the ballpark experience, offering gourmet dining options and celebrating the team's historical achievements. The enhanced experience will be ready for Opening Day 2022.

FIS has enhanced its collaboration with Microsoft, expanding payment processing through Worldpay into the Americas, Europe, and Asia Pacific. This global partnership enables Worldpay to handle online credit and debit transactions for Microsoft's platforms, including Xbox and Microsoft Azure. Since 2014, FIS has been providing payment services in Latin America, with this extension promising improved customer experiences through features like Account Updater for maintaining payment information. This development confirms FIS's position as a leader in innovative payment solutions.

FIS, a global leader in financial services technology, declared a quarterly dividend of $0.39 per common share. This dividend is set to be paid on December 27, 2021, to those shareholders recorded by the close of business on December 13, 2021. FIS ranks #241 on the 2021 Fortune 500 list and is part of the Standard & Poor’s 500 Index, emphasizing its significant industry presence.

Worldpay from FIS has been awarded Crypto Payment Service Provider of the Year at the Crypto AM Awards. This accolade recognizes the organization for its secure, flexible, and innovative digital asset payment solutions. FIS processes over $2 trillion annually in transactions across over 100 countries and serves seven of the top ten cryptocurrency exchanges. The award highlights FIS's commitment to advancing cryptocurrency accessibility worldwide.

Norwegian Cruise Line Holdings has selected Worldpay from FIS as its preferred provider for global payments processing. This partnership aims to enhance customer payment experiences during online and mobile checkouts across over 100 countries. Key features include improved payment authorizations and compliance with PSD2 regulations. Norwegian will utilize advanced data analytics and specialized services aimed at minimizing checkout friction. Executives from both companies expressed enthusiasm for the collaboration, emphasizing a commitment to innovative guest experiences.

FIS will release its third quarter 2021 financial results on November 4, 2021, prior to market opening. A live webcast of the earnings conference call will be held at 8:30 a.m. EDT the same day. Investors can access the webcast on FIS' Investor Relations page. The company, a leading financial services technology provider, ranks #241 on the 2021 Fortune 500 and is a member of the Standard & Poor’s 500® Index, headquartered in Jacksonville, Florida.

FIS received an unsolicited mini-tender offer from TRC Capital Investment Corporation to purchase 1 million shares at $118.25 each, which is 4.43% below FIS's closing price of $123.44 on September 17, 2021. FIS does not endorse this offer, urging shareholders to exercise caution and consult their financial advisors. The offer is also contingent on TRC securing financing. Shareholders are encouraged to withdraw any shares tendered before the offer's expiration on October 19, 2021.