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 | 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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