Fidelity Information Services, Inc. (NYSE:FIS) provides technology solutions for merchants, banks, and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions, and Capital Market Solutions segments. The Merchant Solutions segment offers enterprise acquiring, software-led small- to medium-sized businesses acquiring, and global e-commerce solutions. The Banking Solutions segment provides core processing and ancillary applications; digital solutions, including Internet, mobile, and e-banking; fraud, risk management, and compliance solutions; electronic funds transfer and network services; card and retail payment solutions; wealth and retirement solutions; and item processing and output services. The Capital Market Solutions segment offers securities processing and finance, global trading, asset management and insurance, and corporate liquidity solutions. Fidelity National Information Services, Inc. was founded in 1968 and is headquartered in Jacksonville, Florida.
Summary:
- Market Cap: 62.19 billion
- PE Ratio: 152.28
- EPS: 0.67
- Annual Yield: 1.84%
- Analysts Rating: 9 Strong Buy, 10 Buy and 4 Hold (Average 1.9 Buy Rating)
Fidelity Information Services is a diversified financials, payments and information technology company. Analysts see the company growing earnings at 13% per year in 2022 and 2023. Despite that, amid the sell-off in the payments stock sector, Fidelity Information Services fell about 25% in 2021 and thus has fallen squarely into the bucket of top value stocks to invest in, as shares trade at just 14 times estimated 2022 earnings. This appears to be around general worries of fintech disrupting legacy payments firms. However, Fidelity Information Services should dodge that risk, as it’s a diversified business spanning countless lines of payments businesses. It has high-profile new-economy clients such as PayPal Holdings Inc., Klarna, Amazon.com Inc. and Crypto.com, and deals tend to be multiyear recurring revenue streams. Thus, FIS is one of the fastest-growing company in the information technology services industry.