Fidelity National Information Services (FIS) has seen a mix of positive and negative activity over the period reflected in recent news. The financial technology firm has seen its price target raised to $86.00 and later to $85.00 at Truist Financial. FIS has advanced its partnerships with notable companies including MUFG Securities and Visa, with the latter focused on enhancing payment solutions. Strategic decisions like the acquisition of Demica, Dragonfly, Global Paymentsβ Issuer Solutions Business, and part of the TSYS business further consolidate the company's position in the market.
On the downside, Seattle has seen layoffs of 133 FIS employees. The company is expected to sell its Worldpay stake while purchasing Global Payments credit business in a deal worth billions. The earnings visibility is hampered by a loss of 32% over the past five years. However, this was somewhat mitigated by Q4 earnings beating estimates. Several reputable institutions and asset management firms have offloaded, increased, or begun building their positions in FIS stock, indicating diverse market sentiment. Lastly, with FIS's profit forecast falling short, its shares may take a hit.
Fidelity National Information Services FIS News Analytics from Tue, 05 Nov 2024 08:00:00 GMT to Sat, 19 Jul 2025 15:20:01 GMT - Rating 0 - Innovation 5 - Information 6 - Rumor 0
