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Fidelity National Information Services Inc FIS Stock Quote

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NYSE:FIS

Morningstar‘s Stock Analysis FIS

Valuation
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Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

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5-Star Price

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Economic Moat

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Capital Allocation

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Limited Capital Needs Should Allow FIS to Generate Strong Free Cash Flow

Brett Horn, CFA Senior Equity Analyst

Business Strategy and Outlook

| Brett Horn, CFA |

Fidelity National Information Services' acquisition of Worldpay in 2019 was one of three similar deals that took place in short order. We don’t believe the move was especially attractive relative to the other two, and we don’t believe the company materially strengthened its competitive position as a result. However, we do think there is a valid strategic rationale for these deals, and the introduction of Worldpay’s acquiring business should boost overall long-term growth, given the ongoing shift toward electronic payments.

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Key Statistics FIS

Company Profile FIS

Business Description

Fidelity National Information Services’ legacy operations provide core and payment processing services to banks, but its business has expanded over time. By acquiring Sungard in 2015, the company now provides record-keeping and other services to investment firms. With the acquisition of Worldpay in 2019, FIS now provides payment processing services for merchants and holds leading positions in the United States and United Kingdom. About a fourth of revenue is generated outside North America.

Contact
601 Riverside Avenue
Jacksonville, FL, 32204
T +1 904 438-6000
Industry Information Technology Services
Most Recent Earnings Sep 30, 2022
Fiscal Year End Dec 31, 2022
Employees 65,000

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