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Fidelity National Information Services Inc FIS

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

FIS Continues to Recover in Third Quarter

Brett Horn, CFA Senior Equity Analyst

Analyst Note

| Brett Horn, CFA |

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
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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