Professional
Added to YB: 2024-02-20
Pitch date: 2024-02-14
FIS [bullish]
Fidelity National Information Services, Inc.
-38.23%
current return
Author Info
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Company Info
Fidelity National Information Services, Inc. provides solutions to financial institutions, businesses, and developers worldwide.
Market Cap
$18.4B
Pitch Price
$58.49
Price Target
N/A
Dividend
4.94%
EV/EBITDA
6.50
P/E
5.48
EV/Sales
3.19
Sector
Financial Services
Category
turnaround
Show full summary:
Broyhill Asset Management Portfolio Holding - Fidelity National Information Services
FIS divested 55% of Worldpay after failed integration, cutting debt to 2.5x. $3.5B+ buyback planned. Core banking biz trades <10x earnings, below 20x historical avg. Streamlined focus on resilient & profitable segment to benefit shareholders despite past missteps.
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