Fidelity National Information Services to buy Worldpay for $35 billion
Fidelity National Information Services Inc. is set to purchase Worldpay for about $35 billion. “Scale matters in our rapidly changing industry,” said FIS Chief Executive Officer Gary Norcross, who will lead the combined company.
The FIS deal, valuing Worldpay at about $43 billion including debt, comes a little more than a year after U.S. firm Vantiv paid $10.63 billion for the payments firm, which was set up in Britain and spun off from Royal Bank of Scotland in 2010. FIS and Worldpay combined will have annual revenue of about $12 billion and adjusted core earnings of about $5 billion. Worldpay is a player in card payments, mainly in Britain, while FIS, produces software for banks and asset managers.
FIS's Stochastic Oscillator dives oversold zone
The Stochastic Oscillator for FIS moved into oversold territory on July 26, 2024. Be on the watch for the price uptrend or consolidation in the future. At that time, consider buying the stock or exploring call options.
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Notable companies
The most notable companies in this group are Accenture PLC (NYSE:ACN), International Business Machines Corp (NYSE:IBM), Xerox Holdings Corp (NASDAQ:XRX), Unisys Corp (NYSE:UIS).
Industry description
The industry, whose total market cap runs into trillions, makes hardware/software that allows data to be stored, retrieved, transmitted, and manipulated on computers. With the ever-increasing relevance of data, the information technology (IT) industry has gained momentous growth over the years, and continues to thrive on innovation. Some of the behemoths in the industry are International Business Machines Corporation, Accenture, and VMware, Inc.
Market Cap
The average market capitalization across the Information Technology Services Industry is 9.03B. The market cap for tickers in the group ranges from 0 to 206.78B. ACN holds the highest valuation in this group at 206.78B. The lowest valued company is ARSC at 0.
High and low price notable news
The average weekly price growth across all stocks in the Information Technology Services Industry was 0%. For the same Industry, the average monthly price growth was 12%, and the average quarterly price growth was 9%. FWFW experienced the highest price growth at 267%, while AEXAY experienced the biggest fall at -38%.
Volume
The average weekly volume growth across all stocks in the Information Technology Services Industry was -30%. For the same stocks of the Industry, the average monthly volume growth was 9% and the average quarterly volume growth was 14%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 40
P/E Growth Rating: 59
Price Growth Rating: 53
SMR Rating: 74
Profit Risk Rating: 81
Seasonality Score: 6 (-100 ... +100)