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Fidelity National Information Services Inc   (FIS)
Other Ticker:  
 
    Sector  Services    Industry Professional Services
   Industry Professional Services
   Sector  Services
 
Price: $69.2100 $0.02 0.029%
Day's High: $69.59 Week Perf: 2.79 %
Day's Low: $ 68.62 30 Day Perf: 11.16 %
Volume (M): 6,846 52 Wk High: $ 69.59
Volume (M$): $ 473,819 52 Wk Avg: $56.86
Open: $69.25 52 Wk Low: $46.91



 Market Capitalization (Millions $) 40,899
 Shares Outstanding (Millions) 591
 Employees 65,000
 Revenues (TTM) (Millions $) 9,821
 Net Income (TTM) (Millions $) -6,647
 Cash Flow (TTM) (Millions $) -399
 Capital Exp. (TTM) (Millions $) 1,122

Fidelity National Information Services Inc

FIS provides a comprehensive range of core processing services, check services, card issuer and transaction processing services, risk management services, mortgage loan processing, mortgage-related information products, and outsourcing services to a wide variety of financial institutions, retailers, mortgage lenders and mortgage loan servicers, and real estate professionals. We serve customers in more than 60 countries worldwide, and have processing and technology relationships with 35 of the top 50 global banks, including nine of the top ten. Approximately 50 percent of all U.S. residential mortgages are processed using our mortgage processing platform.

Integrated Financial Solutions

The primary focus of our Integrated Financial Solutions business is to serve the processing needs of independent community banks, credit unions, and savings banks in the United States. Processing solutions include core processing, branch automation, back office support systems, compliance, credit and debit card issuing, image item processing, print and mail, ATM/EFT, retail internet banking and bill payment services, commercial cash management and voice response services. Over 8,000 commercial banks, savings institutions and credit unions utilize one or more of these solutions.

Enterprise Banking Solutions

Our Enterprise Banking Solutions division focuses on serving the processing needs of large U.S. financial institutions, automotive financing companies, and commercial lenders. We also provide check risk management and related processing products and services to businesses accepting or cashing checks at the point-of-sale, and provide comprehensive cash access services in the gaming industry.

Our Lender Processing Services Operating Segment

Mortgage Processing Services

We offer the most widely used mortgage loan servicing system (known as MSP) in the U.S. Our mortgage loan servicing platforms, including MSP, were used to process over 50% of all residential mortgages by dollar volume in the U.S. Our mortgage loan processing customers include Bank of America, Wells Fargo, National City Mortgage, and U.S. Bank Home Mortgage. Our customer relationships are typically long-term relationships that generally provide relatively consistent annual revenues based on the number of mortgages processed on our platform.

Our sales and marketing efforts are primarily organized around our lines of business, and by customer market segment and distribution channel. In our Transaction Processing Services segment, we have a sales force that markets our core processing services to our large national bank customers. A separate sales group focuses on community based institutions. Specialized sales teams have been established to promote our products to national and regional retailers and the automotive and gaming industries. In addition, we have a sales force responsible for marketing our services outside the United States. We also market certain products and services of our Transaction Processing Services segment through indirect sales channels, such as ICBA and CSCU, independent sales organizations, marketing alliances, and financial institutions.

Competition

In the large bank sector, the markets for our core banking products and services are highly competitive. The markets are very mature and have a number of existing providers with a high level of experience and significant market share. Additionally, given the attractive market characteristics in financial services, there are from time to time new market entrants which seek to leverage shifts in technology or product innovation to attract customers.

Our primary competitors include internal technology departments within banks, data processing or software development departments of large companies or large computer manufacturers, third-party payment processors, independent computer services firms, companies that develop and deploy software applications, companies that provide customized development, implementation and support services, and companies that market software for the electronic payment industry. Some of these competitors possess substantially greater financial, sales and marketing

resources than we do. Competitive factors for applications and services include the quality of the technology-based application or service, application features and functions, ease of delivery and integration, ability of the provider to maintain, enhance, and support the applications or services, and price. We believe that we compete favorably in each of these categories. In addition, we believe that our financial institution industry expertise, combined with our ability to offer multiple applications and services to individual customers, enhances our competitiveness against competitors with more limited application offerings.

We compete with vendors that offer similar core processing applications and services to financial institutions, including Fiserv, Inc., Jack Henry and Associates, Inc., Metavante Corporation, Open Solutions, IBM and Accenture. In certain non-U.S. markets, we compete with regional providers including Alnova, I-Flex, and Temenos.

Our competitors in the card issuer services market include third-party credit and debit card processors such as First Data Corporation, Total System Services, Electronic Data Systems Corporation, and Payment Systems for Credit Unions, and third-party software providers, which license their card processing systems to financial institutions and third-party processors. Competitors in the check risk management services market include First Data's TeleCheck Services division, CrossCheck, eFunds, and Global Payments.

The markets for our mortgage information services are also highly competitive. Key competitive factors include quality of the service, convenience, speed of delivery, customer service, and price. We do not believe that there is a competitor currently offering the scope of services and market coverage that we provide in our mortgage information services business. However, there are a number of competitors in specific lines, some of which have substantial resources. First American and Land America are significant competitors in a majority of our Mortgage Information Services, including tax, flood, appraisal and default.



   Company Address: 347 Riverside Avenue Jacksonville 32202 FL
   Company Phone Number: 438-6000   Stock Exchange / Ticker: NYSE FIS
   


Customers Net Income fell by FIS's Customers Net Profit Margin fell to

-22.51 %

9.3 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
FI   -0.4%    
ACIW        3.58% 
CTLP        0.62% 
EEFT        1.26% 
EVRI   -5.3%    
FITB        3.31% 
• View Complete Report
   



Financing Agreement

FIS Announces Strategic Cash Tender Offers for Senior Notes to Empower Financial Services Technology Expansion

Published Tue, Feb 27 2024 9:26 AM UTC

FIS Expands Financial Services Technology Reach with $2.25 Billion Senior Note Tender Offers
Jacksonville, Fla. - Fidelity National Information Services (FIS), a global leader in financial services technology, has recently announced its commencement of 14 separate offers to purchase for cash up to $2.25 billion aggregate principal amount of its outstanding senior notes. ...

Fidelity National Information Services Inc

FIS Surpasses Expectations with Impressive Profitability Growth in Fourth Quarter



Fidelity National Information Services Inc. (FIS), a prominent leader in financial services technology, has reported its financial results for the October to December 31, 2023 period. The company's performance has shown remarkable strides, as it shattered expectations with a significant earnings turnaround, improved profit margins, and an expansion of its reach in the financial services technology sector. Let's delve deeper into the facts and speculate about the impact these results will have on FIS going forward.
Earnings and Revenue Turnarounds:
FIS displayed a remarkable earnings per share (EPS) turnaround, with $0.43 compared to a negative $29.28 in the previous year. Furthermore, the company's EPS turned positive from a negative $0.76 in the preceding financial reporting period. These positive figures reflect FIS's ability to transform its financial standing and its commitment to delivering value to its shareholders.

Financing Agreement

Worldpay Begins Operating as Independent Company, Expanding Possibilities in a Rapidly Evolving Industry

Published Thu, Feb 1 2024 12:15 PM UTC

CINCINNATI Worldpay, LLC, a global leader in payments technology and solutions, has officially completed its sale and will now operate as an independent company. This strategic move comes as the company seeks to enhance its position in the rapidly evolving financial services industry. With leading private equity firm GTCR overseeing the company with a majority ownership inte...

Contract

FIS and GTCR Seal Ground-Breaking Deal: Unleashing Growth and Innovation in Financial Technology

Published Thu, Feb 1 2024 11:55 AM UTC

FIS Successfully Completes Sale of Majority Stake in Worldpay to GTCR: A Major Milestone in Financial Technology SectorJacksonville, Fla. - In a significant deal that underlines the dynamic landscape of financial technology, FIS (NYSE: FIS), a leading global provider of technology solutions for the financial industry, has announced the completion of the sale of a majority st...

Product Service News

FIS Launches 2024 Fintech Hangout Series to Foster Collaboration and Innovation in the Financial Services Industry

Published Wed, Jan 31 2024 1:00 PM UTC

Global financial technology leader, FIS, has unveiled its latest initiative, the 2024 FIS Fintech Hangout Series. This program aims to connect and facilitate meaningful conversations amongst fintech startups, investors, financial institutions, FIS experts, and participants from the FIS Fintech Accelerator Program. The series will serve as a platform for sharing best practice...






 

Fidelity National Information Services Inc's Segments
 
Transaction Processing Services
 Segment     of total Revenue
Lender Processing Services
 Segment     of total Revenue
International
 Segment     of total Revenue
 
• View Complete Report




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