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

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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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FIS Continues to Recover in Third Quarter

Senior Equity Analyst Brett Horn

Brett Horn, CFA Senior Equity Analyst

Analyst Note

| Brett Horn, CFA | Nov 4, 2021

Fidelity National Information Services reported solid third-quarter results that show it continues to recover from the impact of the pandemic. Overall, revenue grew 10% year over year on an organic basis, and margin improved significantly. However, nothing in the quarter materially alters our long-term view, and we will maintain our $142 fair value estimate for the narrow-moat company.

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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 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 Sep 30, 2021

Fiscal Year End Dec 31, 2020

Stock Type Speculative Growth

Employees 62,000

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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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