Headlines suggest a mix of positive and negative developments for Fidelity National Information Services (FIS). Renowned investor Seth Klarman has shown bullish signs towards the stock. Jeffrey Goldstein, a FIS Director, has shown confidence by acquiring 701 shares. Wells Fargo started coverage of FIS with an equal-weight recommendation. While Oak Thistle LLC and Reinhart Partners LLC sold shares, Avanza Fonder AB and Miracle Mile Advisors LLC have reportedly acquired shares. Saxon Interests Inc. also took a position in FIS. The company's outlook for 2024 includes significant momentum, with a focus on transforming banking. FIS has faced some share value losses in the past, but various other reports classify FIS as an undervalued tech stock and a top momentum stock for long-term investment. FIS has an expanding pipeline for core banking solutions and is fostering fintech startups through an accelerator program. Earnings for Q3 2024 fell short of expectations, but FIS scored high on innovation and functionality in the Omdia Payment Hubs Report. It sees growth opportunities via acquisitions and is considered by Goldman Sachs as a high consensus ROE stock.
Fidelity National Information Services FIS News Analytics from Thu, 28 Mar 2024 07:00:00 GMT to Sat, 18 Jan 2025 22:16:15 GMT - Rating 5 - Innovation 7 - Information 6 - Rumor -1
