Fidelity National Information Services Inc

FIS: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$94.00	Qcpclb	Hffjblt

FIS Earnings: Company Sets Off on Its Next Phase

Brett Horn

Feb 26, 2024

FIS didn’t finish 2023 on an impressive note, but with its having recently completed the sale of a majority interest in the Worldpay business, the end of the year was more about setting the stage for what comes next, and the company’s expectations are roughly in line with our own. We will maintain our $78 fair value estimate for the narrow-moat company and see the shares as modestly undervalued.

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