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Fidelity National Information Services Inc FIS

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Morningstar’s Analysis

Valuation
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Pandemic Pressure Eases for Fidelity in Third Quarter

Brett Horn, CFA Senior Equity Analyst

Analyst Note

| Brett Horn, CFA |

Fidelity saw the pressure on its results from the COVID-19 pandemic ease during the third quarter, although growth remains well below what we consider to be a normalized rate. Still, we are pleased to see the company achieve modest growth and margin improvement. We will maintain our $131 fair value estimate and narrow moat rating.

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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 was generated outside North America in 2019.

Contact
601 Riverside Avenue
Jacksonville, FL, 32204
T +1 904 438-6000
Sector Technology
Industry Information Technology Services
Most Recent Earnings Sep 30, 2020
Fiscal Year End Dec 31, 2020
Stock Type Slow Growth
Employees 55,000

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