Fidelity National Information Services Inc
FIS: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$87.00 | Ftffbz | Nvfqmyzmy |
FIS Off to Good Start in First Quarter
Fidelity National Information Services produced solid first-quarter results. Like its peers, the company is seeing some bounceback from coronavirus-related headwinds. Overall, revenue increased 9% year over year on an organic basis. We will maintain our $137 fair value estimate. We continue to see the shares as undervalued from a long-term perspective, as we believe the market is overly skeptical about the narrow-moat company’s long-term prospects.