We have put together a list of the 10 IT services stocks that analysts believe are currently underperforming but could be worth buying. In this article, we will examine how Fidelity National Information Services, Inc. (NYSE:FIS) compares to other stocks in the IT services sector. This industry includes a variety of technology-based solutions, such as consulting and more.
JACKSONVILLE, Fla.--(BUSINESS WIRE)--FIS® (NYSE: FIS), a worldwide leader in financial technology, has announced that CEO and President Stephanie Ferris has been named on CNBC's Changemakers list of Women Transforming Business. This annual list celebrates female leaders who are changing industries, overcoming obstacles, and making a lasting impact in different business areas. "I am grateful to be acknowledged by CNBC as one of the women making important changes," she said.
We have just released a list of the 10 worst performers from last week. In this article, we will examine how Fidelity National Information Services, Inc. (NYSE:FIS) compares to the other companies that performed poorly. Last week, ten companies experienced significant declines due to disappointing earnings and outlooks.
Fidelity National Information Services' stock dropped 11% following disappointing Q4 earnings and forecasts, leading to a downgrade to "hold," but it has since been upgraded to "buy" because of the price drop. The company's banking revenue fell short of expectations, raising doubts about whether the Q4 weakness is temporary, although capital markets activity showed strong growth at 9%. FIS generated $700 million in adjusted free cash flow, completed $1 billion in share buybacks, and increased its dividend by 11%, with plans for more buybacks in 2025.
On Tuesday, February 11, the S&P 500 managed to rise by just under 0.1% as investors processed the comments from the Fed chair and looked forward to the CPI report on Wednesday.
We are showcasing financial technology stocks that have the potential for significant revenue and earnings growth in 2025. The companies included are V, PYPL, AXP, AFRM, and FIS.
FIS anticipates that its revenues will be between $10.435 billion and $10.495 billion for the year 2025.
Fidelity National Information Services experienced its worst market day since 2023 due to disappointing forecasts. The company mentioned that it faced a challenging comparison with the previous year.
Fidelity National Information Services, Inc (NYSE:FIS) will hold its Q4 2024 Results Conference Call on February 11, 2025, 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.
Fidelity National Information Services (FIS) reported quarterly earnings of $1.40 per share, which is higher than the Zacks Consensus Estimate of $1.35 per share. This is an increase compared to earnings of $0.94 per share from the same period last year.