Welcome to our dedicated page for Fidelity National Information Services news (Ticker: FIS), a resource for investors and traders seeking the latest updates and insights on Fidelity National Information Services stock.
Fidelity National Information Services, Inc. (FIS) is a global leader at the heart of commerce and financial transactions, powering the world's economy. With a mission to advance the way the world pays, banks, and invests, FIS serves over 20,000 clients and more than one million merchant locations across 130 countries.
FIS offers a comprehensive suite of solutions that span across core processing, payments, risk management, compliance, and outsourcing services. Its clientele includes banks, investment firms, and merchants. By acquiring SunGard in 2015, FIS expanded its capabilities to include record-keeping and other essential services for investment firms. The 2019 acquisition of Worldpay marked FIS's significant entry into the payment processing market, securing leading positions in both the United States and the United Kingdom.
Though FIS has since sold a majority interest in Worldpay, retaining only a minority stake, the company continues to innovate and adapt. Recent achievements include advancements in digital payments and enhanced security measures, enabling seamless and secure financial transactions.
FIS's financial condition remains robust, supported by strategic partnerships and a diversified portfolio of products. Their ongoing projects focus on improving transaction efficiency, enhancing customer experience, and expanding their global footprint. For more information, visit FIS Global.
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FIS announces the opening of applications for the FIS Fintech Accelerator 2024, a program supporting fintech startups. The program offers a two-week incubation and 12-week intensive program for up to ten selected companies. Participants will receive mentorship, access to funding, and the opportunity to refine their products. The program, now in its ninth year, will be located in Jacksonville, FL, and New York, NY, leveraging the strong fintech ecosystems in these cities.
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Fidelity National Information Services (FIS) announces pricing terms for Offers to purchase senior notes totaling up to $2.25 billion. The Offers cover 14 separate series of outstanding senior notes, with varying Total Consideration amounts based on maturity dates and reference securities.
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Fidelity National Information Services, FIS, initiates Offers to purchase senior notes worth $2.25 billion. The Offers cover 14 separate series of Notes with varying maturity dates and outstanding principal amounts. The Offers are made under specific conditions and terms set forth in the Offer to Purchase and aim to manage the company's debt structure effectively.
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FIS (NYSE:FIS) reported strong fourth quarter and full-year 2023 results, outperforming expectations and closing the Worldpay transaction. The company's GAAP Diluted Earnings Per Share for continuing operations were $0.11 and Adjusted EPS of $0.94 in Q4. Full-year 2023 GAAP Diluted Earnings Per Share for continuing operations were $0.85 and Adjusted EPS of $3.37. FIS raised its share repurchase goal to at least $4.0 billion by year end 2024 and announced an outlook for accelerated revenue growth, expanding adjusted EBITDA margins, and year-over-year adjusted EPS growth in 2024.
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FIS partners with Banked to create pay-by-bank solutions for businesses and consumers, leveraging open banking and real-time payments. This strategic partnership aims to offer faster, more secure, and cost-effective payment options across various industries.
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FIS (NYSE: FIS) has announced agreements with leading data networks to integrate into its Open Access platform, allowing customers to securely share financial data with more institutions and apps. The shift to Open Banking is accelerating, and FIS is driving this change by making secure open banking more accessible to its clients and their customers.
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Worldpay, LLC, a global leader in payments technology and solutions, has closed its sale and will now operate as an independent company, with GTCR holding a 55% majority ownership interest and FIS retaining a 45% ownership interest. Charles Drucker has resumed his former role as CEO to optimize performance and accelerate growth. The company plans to increase investments in product development, technology, and client solutions, as well as pursue strategic acquisitions. GTCR has committed an additional equity capital investment of up to $1.3 billion for these opportunities.
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FIS (NYSE: FIS) will announce its Q4 2023 financial results on February 26, 2024, before the market opens. The company will host a live webcast of its earnings conference call at 8:30 a.m. (EST) on the same day. Investors can access the webcast on FIS' website and a replay will be available afterwards.
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FIS has completed the sale of a majority stake in its Worldpay Merchant Solutions business to private equity funds managed by GTCR in a transaction valuing the business at an enterprise value of $18.5 billion. FIS will maintain a minority ownership position in Worldpay and continue strong commercial agreements with them, creating a joint strategic go-to-market partnership.
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FIS has launched the 2024 FIS Fintech Hangout Series to foster collaboration and knowledge sharing among fintech startups, investors, financial institutions, and FIS. The initiative supports the FIS Fintech Accelerator Program, aiming to spark meaningful conversations, share best practices, and showcase the work of participating fintechs. The series consists of monthly thematic events, with the inaugural event focusing on risk and compliance. The FIS Fintech Accelerator Program, a 12-week program, helps fintechs refine their product models and scale their businesses. Four members of the program were named to the GGCV U.S 2024 Fintech Innovation 50. Applications for the FIS Fintech Accelerator Program 2024 will open in March 2024.
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FAQ
What is the current stock price of Fidelity National Information Services (FIS)?
The current stock price of Fidelity National Information Services (FIS) is $81.46 as of December 20, 2024.
What is the market cap of Fidelity National Information Services (FIS)?
The market cap of Fidelity National Information Services (FIS) is approximately 43.1B.
What does Fidelity National Information Services (FIS) do?
FIS provides core processing, payment solutions, risk management, compliance, and outsourcing services to financial institutions and merchants globally.
Who are the clients of FIS?
FIS serves over 20,000 clients including banks, investment firms, and merchants across more than 130 countries.
What is the significance of FIS's acquisition of SunGard?
The acquisition of SunGard in 2015 expanded FIS's services to include record-keeping and other essential services for investment firms.
What happened to Worldpay after FIS's acquisition?
After acquiring Worldpay in 2019, FIS later sold off a majority interest, retaining only a minority stake.
How does FIS contribute to the global economy?
FIS powers commerce and financial transactions worldwide, helping businesses and communities thrive by advancing payment, banking, and investment processes.
What are the latest advancements by FIS?
Recent advancements by FIS include digital payment innovations and enhanced security measures to ensure seamless and secure financial transactions.
Where can I find more information about FIS?
More information about FIS can be found on their official website at http://www.fisglobal.com.
What is the financial condition of FIS?
FIS maintains a robust financial condition supported by strategic partnerships and a diversified product portfolio.
What are the current projects of FIS?
Current projects at FIS focus on improving transaction efficiency, enhancing customer experience, and expanding their global footprint.
How extensive is FIS's global reach?
FIS operates in over 130 countries, serving more than 20,000 clients and over one million merchant locations.
Fidelity National Information Services, Inc.
NYSE:FIS
FIS Rankings
FIS Stock Data
43.14B
537.79M
0.11%
97.94%
2.37%
Information Technology Services
Services-business Services, Nec
United States of America
JACKSONVILLE