Fintech Giant FIS to Cut Thousands of Jobs as New CEO Targets Costs [BNN Bloomberg (Canada)]
Fidelity National Information Services, Inc. (FIS)
Last fidelity national information services, inc. earnings: 2/13 07:00 am
Check Earnings Report
US:NYSE Investor Relations:
investor.fisglobal.com
Company Research
Source: BNN Bloomberg
Ferris's strategy to win back investor confidence after the fintech giant slumped 44% this year. The cuts are expected to be gradual and may affect several thousand staffers and contractors at the payments company, according to people familiar with the matter. They're part of Ferris's plan to deliver at least $500 million in cost savings in coming quarters. Ferris, the company's current president, is set to take the reins from longtime CEO Gary Norcross on Jan. 1. The company had more than 65,000 employees at the end of last year. “We are focused on permanently reshaping our cost structure through both cost-reduction and containment initiatives,” Ferris told investors earlier this month. “These include actions surrounding the optimization and reduction of vendor spend, the outsourcing of non-value-added activities, and reviewing and rightsizing the current workforce.” A spokesman for the Jacksonville, Florida-based company declined to comment on the job cuts. Headwinds FIS
Show less
Read more
Impact Snapshot
Event Time:
FIS
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
FIS alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
FIS alerts
High impacting Fidelity National Information Services, Inc. news events
Weekly update
A roundup of the hottest topics
FIS
News
- Digital Lending Market size to record USD 19.14 billion growth from 2023-2027, Rise in adoption of cloud-based digital lending servicing software offerings is one of the key market trends, Technavio [Yahoo! Finance]Yahoo! Finance
- FIS to Report First Quarter 2024 Results on May 6, 2024; Will Host Investor Conference on May 7, 2024Business Wire
- Fidelity National Information Services (FIS) Expected to Beat Earnings Estimates: Can the Stock Move Higher? [Yahoo! Finance]Yahoo! Finance
- FIS Named as One of the Most Trustworthy Companies in America for Second Consecutive YearBusiness Wire
- Fidelity National Information Services, Inc. (NYSE: FIS) had its price target raised by analysts at Bank of America Co. from $79.00 to $84.00. They now have a "buy" rating on the stock.MarketBeat
FIS
Earnings
- 2/26/24 - Beat
FIS
Sec Filings
- 4/17/24 - Form 4
- 4/5/24 - Form 8-K
- 4/2/24 - Form 4
- FIS's page on the SEC website