Fidelity National Information Services Inc
FIS: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$17.00 | Ynmxvth | Pvqlqtjz |
We Like the Long-Term Picture for FIS
Business Strategy and Outlook
Fidelity National Information Services' acquisition of Worldpay in 2019 was one of three similar deals that took place in short order. We don’t believe the move was especially attractive relative to the other two, and we don’t believe the company materially strengthened its competitive position as a result. However, we do think there is a valid strategic rationale for these deals, and the introduction of Worldpay’s acquiring business should boost overall long-term growth, given the ongoing shift toward electronic payments.