Fidelity National Information Services Inc

FIS: XNYS (USA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
$83.00VbyhnlQhqgvrlw

FIS Posts Solid Growth in Second Quarter, but Results Point to Some Headwinds

FIS' second-quarter results were solid, in our view; like its peers, the company is benefiting from some bounceback in its acquiring operations this year. However, the stronger dollar and higher interest rates will create some drags as we move through the year, and FIS modestly lowered its revenue and earnings per share targets for 2022 as a result. These issues don’t concern us much, and we will maintain our $137 fair value estimate for the narrow-moat company.

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