In recent finance news, Fidelity National Information Services (FIS) has emerged as a highly sought-after stock among insiders following President Trump's tariff rollout. The company has embarked on strategic expansions through acquisitions, such as the purchase of Global Payments' Issuer Solutions Business, and made considerable transactions like the sale of its Worldpay stake. Major banks like Banco Bilbao Vizcaya Argentaria S.A and HSBC Holdings have increased their stakes in FIS, and Citigroup has upgraded the company's rating. Results of a joint research by FIS and Oxford Economics highlighted that cyberthreats, fraud, regulatory complexities, and financial inefficiencies cost businesses $100 million annually.
Despite it being one of the more expensive stocks, FIS’s shares saw an 8.7% increase due to the company’s return to its roots and its promising progress in digital currency and payments sector. The company’s investment value was reinforced with bullish sentiments from industry experts and Oppenheimer’s forecast of a 22% upside. FIS has been pioneering in treasury management with award-winning AI tech as well as partnering with firms such as Affirm to introduce new capabilities for banking customers. Their strategic acquisitions and dividend growth, however, have not shielded them against a class action initiated by Robbins LLP.
Fidelity National Information Services FIS News Analytics from Tue, 06 Aug 2024 07:00:00 GMT to Sat, 26 Apr 2025 11:19:17 GMT - Rating 4 - Innovation 6 - Information 8 - Rumor -2
