Fidelity National Information Services Inc (FIS) Quote - XNYS | Morningstar

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Economic Moat

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Capital Allocation

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FIS Off to Good Start in First Quarter

Senior Equity Analyst Brett Horn

Brett Horn, CFA Senior Equity Analyst

Analyst Note

| Brett Horn, CFA | May 3, 2022

Fidelity National Information Services produced solid first-quarter results. Like its peers, the company is seeing some bounceback from coronavirus-related headwinds. Overall, revenue increased 9% year over year on an organic basis. We will maintain our $137 fair value estimate. We continue to see the shares as undervalued from a long-term perspective, as we believe the market is overly skeptical about the narrow-moat company’s long-term prospects.

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Fidelity National Information Services Inc's Company Profile

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

kim.snider@fisglobal.com

www.fisglobal.com

Sector Technology

Industry Information Technology Services

Most Recent Earnings Mar 31, 2022

Fiscal Year End Dec 31, 2022

Stock Type Slow Growth

Employees 65,000

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We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

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