Last $63.07 USD
Change Today -0.52 / -0.82%
Volume 2.9M
FIS On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

fidelity national informatio (FIS) Snapshot

Open
$63.76
Previous Close
$63.59
Day High
$64.30
Day Low
$62.92
52 Week High
12/19/14 - $64.30
52 Week Low
02/4/14 - $48.17
Market Cap
17.9B
Average Volume 10 Days
1.3M
EPS TTM
$2.41
Shares Outstanding
283.8M
EX-Date
12/12/14
P/E TM
26.2x
Dividend
$0.96
Dividend Yield
1.52%
Current Stock Chart for FIDELITY NATIONAL INFORMATIO (FIS)

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fidelity national informatio (FIS) Details

Fidelity National Information Services, Inc. provides banking and payments technology, outsourcing, and consulting solutions worldwide. Its Financial Solutions Group segment offers core processing software applications to run banking processes; retail delivery applications that enable financial institutions to integrate and streamline customer-facing operations and back-office processes; fraud, risk management, and compliance solutions; applications for syndicated commercial loan origination, trade, and servicing; and technology solutions, such as consulting engagements, application development projects, operations support, and infrastructure management, as well as integrated consulting, technology and complex, and transformation services. The company’s Payment Solutions Group segment provides electronic funds transfer services comprising settlement and card management solutions for financial institution card issuers; item processing and output services; credit card solutions; government payments solutions; ePayment solutions consisting of bill publishing and bill consolidation technology; and check risk management and related services to businesses accepting or cashing checks. Its International Solutions Group segment offers payment solutions, such as outsourced card-issuer services and customer support, payment processing and switching services, prepaid and debit card processing, item processing, software licensing and maintenance, outsourced ATM management, and retail point-of-sale check warranty services; and financial solutions, including outsourced core bank processing arrangements, application management, software licensing and maintenance, and facilities management services, as well as consulting services. Fidelity National Information Services, Inc. was founded in 1968 and is headquartered in Jacksonville, Florida.

40,000 Employees
Last Reported Date: 11/7/14
Founded in 1968

fidelity national informatio (FIS) Top Compensated Officers

Chairman, Chief Executive Officer and Chairma...
Total Annual Compensation: $1.0M
President, Chief Operating Officer and Direct...
Total Annual Compensation: $850.0K
Chief Financial Officer and Corporate Executi...
Total Annual Compensation: $425.0K
Corporate Executive Vice President, General C...
Total Annual Compensation: $430.8K
Compensation as of Fiscal Year 2013.

fidelity national informatio (FIS) Key Developments

Fidelity National Information Services, Inc Enters Fifth Amendment and Restatement of Credit Agreement

On December 18, 2014, Fidelity National Information Services, Inc. (FIS), the other financial institutions party thereto as lenders, certain financial institutions as swing line lenders and letter of credit issuers and JPMorgan Chase Bank, N.A., as administrative agent, entered into a fifth amendment and restatement agreement dated as of December 18, 2014. Pursuant to the amendment agreement, the fourth amended and restated credit Agreement, dated as of April 23, 2013, among FIS and certain subsidiaries of FIS party thereto from time to time, as borrowers, the administrative agent, and certain other parties thereto, was amended and restated in the form of that certain fifth amended and restated credit agreement dated as of December 18, 2014. The amendment agreement amends and restates the existing credit agreement to provide an aggregate amount of $4.3 billion of term loans and revolving credit commitments under the restated credit agreement as follows: the term loans outstanding under the existing credit agreement maturing on March 30, 2017 in the principal amount of $1.3 billion are replaced with new term loans, with no change in principal amount or maturity, under the restated credit agreement; and the revolving credit commitments under the existing credit agreement maturing on March 30, 2017 in the aggregate principal amount of $2.0 billion are terminated and replaced with new revolving credit commitments under the restated credit agreement maturing on December 18, 2019 in the aggregate principal amount of $3.0 billion. In addition, the restated credit agreement modifies the existing credit agreement to eliminate the requirement that FIS' subsidiaries guaranty the obligations of FIS under the restated credit agreement and makes certain other revisions to the existing credit agreement. All loans under the restated credit agreement will bear interest at a rate that varies according to a ratings-based pricing grid. In addition, the revolving credit commitments are subject to a commitment fee on the unused portion of such commitments based on a ratings-based pricing grid.

Fidelity National Information Services Inc Enters into a Partnership with Fifth Third Bank

Fidelity National Information Services Inc. has announced that it has entered into a partnership with Fifth Third Bank. The partnership will offer payment technology solutions. Fidelity will provide its C2P Open Payments Platform services to Fifth Third Bank in a bid to simplify payment services for corporate customers.

Fifth Third Bank Selects FIS for its C2P Open Payments Platform

Fifth Third Bank has selected FIS for its C2P Open Payments Platform. Clear2Pay [2] was acquired by FIS in October. The solution is built on the Open Payments Platform, which enables corporate customers to manage any type of payment through their payments portal with Fifth Third, ranging from account transfers to over time international and domestic ACH and wire transactions. This provides customers with one view on all payments initiated through the portal and it allows for approval workflows to be shared across payment types. Fifth Third equally benefits by being able to manage all payment types for these clients through one single application, whilst facilitating smooth integration with payment execution systems across the various payment channels. The project went live in October 2013 to a limited client base with account transfers first, followed by ACH and wire. A full-scale roll out to their 16,000 medium and large business customers started in April 2014. This implementation is viewed by both parties as the cornerstone project upon which the bank will continue to build toward a data-enriched, channel agnostic, single view on customer transactions of any type.

 

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Industry Analysis

FIS

Industry Average

Valuation FIS Industry Range
Price/Earnings 32.8x
Price/Sales 2.9x
Price/Book 2.8x
Price/Cash Flow 32.5x
TEV/Sales 2.0x
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