Fidelity National Information Services Inc

FIS: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$47.00	Fmglrlf	Ffwshgwxq

FIS Earnings: Good Start as Company Sets a New Path

Brett Horn

May 6, 2024

Following the sale of a majority interest in the Worldpay business in January, FIS has returned to a focus on its legacy operations. We think the new FIS will be a more stable operation with lower long-term growth prospects. The first quarter marked a fairly strong start to this new direction. We will maintain our $80 fair value estimate for the narrow-moat company and see the shares as modestly undervalued.

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