Welcome to our dedicated page for Fidelity National Information Services news (Ticker: $FIS), a resource for investors and traders seeking the latest updates and insights on Fidelity National Information Services stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Fidelity National Information Services's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Fidelity National Information Services's position in the market.
FIS has launched a new fintech platform called Atelio, providing building blocks for financial institutions, businesses, and software developers to embed financial services into their offerings. Atelio leverages FIS' technology, financial service capabilities, and expertise in risk and compliance. The platform enables easy embedding of financial services, empowering companies to offer services to customers securely and compliantly. Three lighthouse clients are already building on Atelio, showcasing its power and broad distribution channel.
FIS hosted its 2024 Investor Day, outlining a growth strategy as a technology leader with global distribution and a broad suite of solutions. The company introduced a medium-term financial outlook, including expected annual adjusted EPS growth of 9-12%. The event featured discussions on sustainable growth plans and capital allocation priorities.
FIS reported strong first quarter 2024 results, with GAAP Diluted Earnings Per Share of $0.03 for continuing operations and Adjusted EPS of $1.10. Revenue increased 3% to $2.5 billion, and adjusted EBITDA margin expanded by 200 basis points to 39.5%. The company increased its share repurchase goal to $4.0 billion for the year, reaffirmed full-year outlook, and raised adjusted EPS outlook by $0.22. The completion of the Worldpay Sale impacted financial reporting. FIS will host an Investor Day on May 7, 2024, to provide a corporate strategy update.
