Fidelity National Information Services had mixed sentiments expressed in recent times. While some entities like Wells Fargo and Assetmark have increased their holdings, others such as Orion Portfolio Solutions reduced their stakes. The company had a strong trading day, outperforming competitors, topped Q1 earnings, and announced robust full-year 2023 results. Conversely, the firm's stock dipped more than broader markets on occasion and is perceived to have underperformed over a three-year investing period. In terms of innovations, the company launched a new mobile banking app, but abandoned the Worldpay spin, suggesting a shift in strategic directions. The firm's earnings beat expectations significantly, driving it to achieve a new 1-year high, though earnings have been impacted by high interest costs previously. It was given an 'Outperform' rating by both William Blair and Wedbush, and several companies boosted their price targets, signaling a positive market sentiment. An incidence of data breach impacting several large banks raises concerns about the security infrastructure of the company. The firm is focusing on recurring banking solutions after the Worldpay stake sale and has recently inked a deal with Beneficial Bank.
Fidelity National Information Services FIS News Analytics from Tue, 15 Aug 2023 07:00:00 GMT to Sun, 26 May 2024 16:37:55 GMT -
Rating 4
- Innovation -2
- Information 7
- Rumor 0
