A series of
recent updates from
Fidelity National Information Services (FIS) have provided a mixed bag of news. The company has had to deal with a
multi-day outage involving
Capital One, which has potentially impacted its reputation. Despite this inconvenience, the
Royal Bank of Canada has maintained an outperform rating for the company, indicating sustained faith in its performance. Expectations are rising as FIS approaches its next earnings report, with analysts and investors keen to see if it will surpass predictions. Moreover, several investment advisory companies have decreased their stakes in FIS, including
Nisa Investment Advisors and
MEAG MUNICH ERGO Kapitalanlagegesellschaft, while others like
Ritholtz Wealth Management have increased their holdings. Some view FIS as undervalued amid the technology stocks, noting it as a top pick for many funds. Moreover, FIS is reportedly actively pursuing acquisitions in the capital markets sector and launching a fintech accelerator. However, it's also notable that investors in FIS have still lost 42% in the last five years. The company is expected to report its fourth quarter earnings in February.
Fidelity National Information Services FIS News Analytics from Thu, 28 Mar 2024 07:00:00 GMT to Fri, 24 Jan 2025 14:26:29 GMT -
Rating 4
- Innovation 5
- Information 3
- Rumor -3
