Fidelity National Information Services Inc

FIS: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$71.00	Jpycn	Zpgbppw

Fidelity National Information Services Earnings: Holding Up Well Given Operational Issues

Brett Horn

Apr 27, 2023

Fidelity National Information Services', or FIS’, first-quarter earnings were nothing to get excited about in an absolute sense and remain weak relative to historical performance. Overall revenue was up 3% year over year on an organic basis, and the company saw margins contract. However, given the issues FIS is currently facing and the impending spinoff of the Worldpay business, results for the narrow-moat company were encouraging, in our view. We will maintain our $83 fair value estimate.

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