FIS Fidelity National Information Services Inc. featured news, full reports, and detailed charts
Fidelity National Information Services Inc. (FIS) Wrap Up:
Fidelity National Information Services, Inc. provides technology solutions, processing services, and information-based services to the financial services industry. Financial Solutions segment provides processing services, including core processing software applications used to maintain the banks? customer accounts; retail delivery applications integrating back-office processes; decision solutions; applications for syndicated commercial loan origination and management; applications that assist institutions in evaluating automotive loan applications and credit risk, and managing loan and lease portfolios; commercial technology solutions ranging from consulting and application development to information technology infrastructures management; outsourcing and customer services; and risk management services to assess and detect fraud risk for deposit transactions, as well as branch automation, back office support systems, and compliance support. Payment Solutions segment offers payment processing and risk management services, including debit and electronic funds transfer, electronic banking and bill payment services, merchant processing services, item processing services, credit card services, check authorization system, and prepaid card services comprising gift cards and reloadable cards. International segment provides financial and payment processing software and services, including outsourced card issuer services and customer support, item processing, and retail point-of-sale check authorization services; and outsourced core bank processing arrangements, application management, software licensing and maintenance, facilities management, and consulting services. The company serves the U.S. banks, credit unions, automotive financial companies, commercial lenders, independent community and savings institutions, retailers, and financial institutions. Fidelity National Information Services is headquartered in Jacksonville, Florida.Fidelity National Information Services Inc. (FIS:NYSE)
Snapshot of Fidelity National Information Services Inc. (FIS)
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OPEN
$22.89
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PREVIOUS CLOSE
$23.11
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DAY HIGH
$23.00
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DAY LOW
$22.64
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52 WEEK HIGH
09/25/09 - $26.00
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52 WEEK LOW
11/21/08 - $11.15
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MARKET CAP
8.5B
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AVERAGE VOLUME 3 mo
3.0M
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DILUTED EPS TTM
$1.10
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SHARES OUTSTANDING
372.5M
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EX-DATE
12/14/09
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P/E TTM
20.7x
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DIVIDEND
$0.20
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DIVIDEND YIELD
0.88%
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| K = Thousands M = Millions B = Billions | ||
related news
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FIS Top Compensated Officers
Executives, Board Directors
Key developments for Fidelity National Information Services Inc. (FIS)
Luottokunta has gone live with the Fidelity National Information Services Inc.'s IST/Merchant Accounting & Settlement solution. In addition to FIS IST/Merchant Accounting & Settlement, Luottokunta also utilizes FIS IST/Clearing and FIS IST/Switch. FIS claims that its IST/Merchant Accounting & Settlement enables integration of payment transaction processing with back office accounting and general ledger systems, while FIS IST/Clearing ensures that authorized payments are credited to merchant accounts, and cardholder accounts are debited accordingly. FIS IST/Switch is an open systems payment engine that handles payment authorization processing.
Fidelity National Information Services Inc. expected to Report Fiscal Year 2009 Results on February 8, 2010. This event was calculated by Capital IQ (Created on October 27, 2009).
Fidelity National Information Services Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net earnings attributable to company of $67.6 million or $0.35 per common diluted share on processing and service revenues of $850.7 million compared to net earnings attributable to company of $43.6 million or $0.23 per common diluted share on processing and service revenues of $884.0 million in the same period of previous year. Operating income was $135.7 million against $119.8 million in the same period of last year. Earnings from continuing operations before income taxes were $105.3 million against $73.0 million in the same period of last year. Net earnings from continuing operations was $69.0 million or $0.35 per diluted common share compared to net earnings from continuing operations of $46.0 million or $0.23 per diluted common share in the same period of previous year. EBIT, as adjusted was $141.0 million against $122.9 million in the same period of last year. EBITDA, as adjusted was $235.3 million against $222.8 million in the same period of last year. Net cash provided by operating activities was $179.7 million, capital expenditure was $49.4 million. Adjusted net cash provided by operating activities was $182.2 million, adjusted capital expenditure was $49.4 million. Free cash flow was $130.3 million and adjusted free cash flow was $132.8 million. For the nine months ended September 30, 2009, the company reported net earnings attributable to company of $159.8 million or $0.84 per common diluted share on processing and service revenues of $2,483.3 million compared to net earnings attributable to company of $186.0 million or $0.97 per common diluted share on processing and service revenues of $2,584.0 million in the same period of previous year. Operating income was $335.0 million against $228.9 million in the same period of last year. Earnings from continuing operations before income taxes were $248.8 million against $104.1 million in the same period of last year. Net earnings from continuing operations was $163.0 million or $0.84 per diluted common share compared to net earnings from continuing operations of $70.3 million or $0.35 per diluted common share in the same period of previous year. Net cash provided by operating activities was $505.0 million against $398.7 million in the same period of last year. Additions to property and equipment were $34.5 million against $57.1 million in the same period of last year. EBIT, as adjusted was $349.8 million against $302.6 million in the same period of last year. EBITDA, as adjusted was $628.2 million against $600.8 million in the same period of last year. Adjusted net cash provided by operating activities was $516.7 million, adjusted capital expenditure was $145.6 million. Free cash flow was $359.4 million and adjusted free cash flow was $371.1 million.
FIS Competitors
| Company | Last | Change |
| Convergys Corp | $11.45 USD | +0.01 |
| Fiserv Inc | $47.25 USD | -0.51 |
| Hewitt Associates | $40.69 USD | -0.16 |
| Intuit Inc | $29.66 USD | -0.61 |
| Iron Mountain Inc | $24.33 USD | -0.12 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | FIS | Industry Range |
| Price/Earnings | 21.0x |
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| Price/Sales | 1.3x |
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| Price/Book | 1.2x |
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| Price/Cash Flow | 45.6x |
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| TEV/Sales | 1.8x |
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FIS |
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FIS transactions
| Type Date |
Target |
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Merger/Acquisition
October 29, 2009 |
ClearPar, LLC |
More Recent News About Fidelity National Information Services Inc.
More news for FIS
Market Winners & Losers: New York Times, Janus Capital
The major indexes rocked Thursday’s session with gains across the board. The Dow closed up 1.3%, the S&P added 1.1% and the Nasdaq moved higher by 0.7%. Here are Thursday’s winners and losers: Winners New York Times Co. (NYT) The publisher gained 22.5% after quarterly earnings beat the Street’s estimates. NYT shares last traded at $10.72, a gain of $1.97 on the day. PNC Financial Services Group Inc. (PNC) PNC shares closed at $50.65, up $5.69 on the day. ProLogis (PLD) The financial services company rose 12.7% after earnings topped analysts’ estimates. PLD shares ended the session at $12.79, a gain of $1.07 on the day. MetroPCS Communications Inc. (PCS) The wireless communications provider added 8% Thursday. PCS shares finished Thursday at $7.12, up 53 cents on the day. Ameriprise Financial Inc. (AMP) The financial planning firm closed up 7.8% after an earnings beat. AMP shares last traded at $38.24, a gain of $2.75 on the day. Losers Janus Capital Group Inc. (JNS) The investment firm fell 6.3% on after earnings came in well below estimates. JNS shares closed at $14.76, a loss of 99 cents on the day. Fidelity National Information Services Inc. (FIS) The IT investment services company dropped 4.8...Click here to read the whole Article (external link)
Marlin & Associates Adds Senior Technology Banker, Afsaneh Naimollah, to Lead Its Technology Investment Banking Practice
NEW YORK, NY--(Marketwire - 11/09/09) - Marlin & Associates New York LLC ("M&A"), the boutique investment banking firm specializing in acquisitions and divestitures of U.S. and international middle-market technology, information and business services firms, announced today that Afsaneh Naimollah has joined the firm's investment banking advisory team as a Partner, based in New York City. For over twenty years, Ms. Naimollah has advised a wide range of multinational and middle-market technology-based clients. For ten of those years, Ms. Naimollah was Global Head of the Technology Group at Barclays Capital, where her team was represented in New York, San Francisco, London, Paris, Frankfurt, Tokyo and Taipei. Her clients have included companies in the broad based software, peripherals, distribution, electronics, satellites, hardware and medical technology industries. She will lead M&A's activities in these areas."Afsaneh comes to M&A with an impressive background," commented Ken Marlin, Founder and Managing Partner of Marlin & Associates. "Her focus on helping innovative technology businesses will complement our existing software and Internet practice adding momentum to a franchise that has enjoyed much success. We are pleased that she has joined us."Ms. Naimollah has advised a range of multinational and middle-market companies, including: Planar System in the corporate carve-out of its medical imaging operations; National Display on its sale to Riverside Partners; Gartner on the sale of its Tech Republic subsidiary to CNet; Clayton, Dubilier & Rice on its acquisitions of Lexmark and WESCO; and National Education Corporation on its sale to Harcourt. She has also executed multiple capital markets and advisory transactions with Motorola, Dell, Intel, Logica, Atos, Cap Gemini, and General Electric.Prior to Marlin & Associates, Ms. Naimoll...Click here to read the whole Article (external link)
FIDELITY NATIONAL INFORMATION SERVICES, INC. Files SEC form 8-K, Change in Directors or Principal Officers, Financial
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (d) Amended and Restated Employment Agreement with Frank R. Sanchez On October 30, 2009 (the "Effective Date"), Frank R. Sanchez entered into an amended and restated Employment Agreement with Fidelity National Information Services, Inc. ("FIS") (the "New Sanchez Agreement"), which amended, restated, superseded and replaced Mr. Sanchez's prior employment agreement with FIS, dated May 1, 2008 (the "Prior Sanchez Agreement"). As stated in the New Sanchez Agreement, its purpose is to amend and restate the Prior Sanchez Agreement, as well as all prior agreements between FIS, and any of its affiliates, and Mr. Sanchez relating to the subject matter of the New Sanchez Agreement, to recognize Mr. Sanchez's significant contributions to the overall financial performance and success of FIS, to protect FIS' business interests through the addition of restrictive covenants, to assure FIS of the services of Mr. Sanchez following the Effective Date, and to provide a single integrated document which shall provide the basis for Mr. Sanchez's continued employment by FIS. A description of the Prior Sanchez Agreement is incorporated herein by reference to FIS' annual proxy statement filed with the Securities and Exchange Commission (the "Commission") on April 15, 2009 and is qualified by reference to the Prior Sanchez Agreement filed with the Commission on February 27, 2009 as Exhibit 10.57 to FIS' annual report on Form 10-K. The following summary of the New Sanchez Agreement is not complete, and is qualified in its entirety by reference to the full text of the New Sanchez Agreement filed as Exhibit 10.1 to this Current Report and is incorporated herein by reference. In the event of any conflict between the following summary and the full text of the New Sanchez Agreement, the text of the New...Click here to read the whole Article (external link)
FIDELITY NATIONAL INFORMATION SERVICES, INC. Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue850,700 834,800 797,800 835,280 Cost of Revenue600,500 605,600 594,300 652,605 Gross Profit250,200 229,200 203,500 182,675 Operating ExpensesResearch Development22,300 21,500 22,600 11,492 Selling General and Administrative92,200 90,300 99,000 80,554 Non Recurring - - - - Others - - - - Total Operating Expenses - - - - Operating Income or Loss135,700 117,400 81,900 90,629 Income from Continuing OperationsTotal Other Income/Expenses Net2,800 6,000 2,000 2,528 Earnings Before Interest And Taxes138,500 123,400 83,900 93,157 Interest Expense33,200 31,800 32,000 31,085 Income Before Tax105,300 91,600 51,900 62,072 Income Tax Expense36,300 31,600 17,900 20,119 Minority Interest(1,500)(300)300 (1,133)Net Income From Continuing Ops69,000 59,700 34,300 40,777 Non-recurring EventsDiscontinued Operations - (400)(1,300)(12,007)Extraordinary Items - - - - Effect Of Accounting Changes - ...Click here to read the whole Article (external link)