Fidelity National Information Services (FIS) posted what appear to have been strong earnings last Tuesday. Revenues of $1.46 billion were in line with investor expectations, while the company’s second quarter EPS beat the Wall Street consensus estimate by $0.06. But the company’s stock price fell by more than six percent, making it the worst performing stock among payments companies.
Heartland Payment Systems also had a rough week, down 5.4 percent from last Monday’s open. Most of those losses came on Friday, when the HPY price fell from $30.57 to $29.57, despite an apparent lack of major news.
NCR Corp. also published updated earnings last week. Its Thursday figures showed an EPS up $0.06 above Wall Street’s consensus expectation, but revenues were roughly $1.4 billion, while investors had been expecting $2 billion. The stock finished the week up 1.01 percent, but gave back 5.48 percent of its value on Friday.
About the Bank Payment Indices
Last week’s results
| |
All Payments |
Bank Payment |
Network |
Acquirer/
Processor |
POS Equipment/
Software |
Prepaid Issuer |
Remittance |
| Closing |
123.33 |
101.10 |
165.91 |
124.84 |
117.36 |
55.83 |
89.15 |
| Weekly Gain (#) |
-0.19 |
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0.81 |
-2.52 |
-0.66 |
4.00 |
0.71 |
-0.67 |
| Weekly Gain (%) |
-0.15% |
0.81% |
-1.49% |
-0.52% |
3.53% |
1.29% |
-0.74% |
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