Fidelity National Information Services Inc (FIS) has reported an impressive portfolio of results and developments. The company reported and exceeded its first quarter 2024 earnings along with an
EPS beat. As a result, FIS's stock has outperformed its competitors on a strong trading day, and the <
share price has achieved a new 1-year high following the earnings beat. Next, FIS announced the abandonment of the Worldpay spin, and the trading for its June 2025 options has started. It has also lifted its outlook following a stellar profit spike. Notably, Barclays boosted FIS's
price target to $85.00. The FIS's shares are up 5.5% since the Q1 earnings beat. Furthermore, FIS has topped Q1 earnings and revenue estimates and registered a bigger fall than the market. Nevertheless, they maintain outstanding performance leading to its ratings being affirmed by Moody's. Several new stakeholders, including Principal Securities Inc. and Machina Capital S.A.S, have bought a significant stake in FIS, reflecting its strong market position.
Fidelity National Information Services FIS News Analytics from Tue, 15 Aug 2023 07:00:00 GMT to Sat, 11 May 2024 18:39:16 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor 4
