Fidelity National Information ServicesNYSE: FIS

FIS is partnering with Oracle to eliminate paper checks in utility billing. On November 12, the FinTech company revealed that its BillerIQ solution, which operates on Oracle Cloud Infrastructure, will enable Oracle to implement electronic bill delivery for the millions of utility customer bills it handles annually.

After struggling for years, FIS has turned into one of the top-performing stocks among its competitors. However, this positive trend may not last, as the stock is now more accurately valued based on its fundamentals. Additionally, revenue growth is slow, and there is little room for further improvements in profit margins.

Fidelity National Information Services' stock has risen by 66% in the last year because of efforts to simplify the business, but it is now considered to be at a fair price. In the third quarter, the company exceeded expectations with earnings of $1.40 per share and $2.6 billion in revenue, thanks to growth in recurring revenue and effective cost management. Additionally, FIS returned $700 million to its shareholders in Q3, which included $500 million in stock buybacks, and significantly lowered its debt from $18 billion to $10.9 billion.

JACKSONVILLE, Fla.--(BUSINESS WIRE)--FIS® (NYSE: FIS), a leading company in financial technology, will speak on Thursday, Nov. 14, 2024, at the 2024 KBW Fintech Conference at 2:55 p.m. (EST). You can listen to the live audio webcast and find a replay in the Investor Relations section of FIS' website, www.fisglobal.com. FIS offers financial technology solutions to banks, businesses, and developers, making financial technology accessible worldwide.

Investors who focus on Financial Transaction Services stocks probably know about Fidelity National Information Services (FIS) and Equifax (EFX). However, which of these two companies is the better choice for those seeking undervalued stocks?

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On Monday, Fidelity National Information Services, Inc (FIS) announced that its revenue for the third quarter reached $2.57 billion, which is a 3% increase compared to the same period last year, exceeding the analysts' expectations of $2.56 billion. Additionally, the adjusted earnings per share (EPS) were $1.40, surpassing the analyst consensus of $1.29.

FIS's results for the third quarter show an increase in recurring revenue growth and better EBITDA margins. However, higher expenses have somewhat reduced the overall results.

Fidelity National Information Services, Inc. (NYSE:FIS) will hold its Q3 2024 Earnings Conference Call on November 4, 2024, at 8:30 AM ET. The call will feature company representatives including George Mihalos, Stephanie Ferris, and James Kehoe, along with analysts from various financial institutions. Currently, all participants are in listen-only mode.