Professional
Added to YB: 2024-08-01
Pitch date: 2024-06-30
FIS [bullish]
Fidelity National Information Services, Inc.
-48.99%
current return
Author Info
No bio for this author
Company Info
Fidelity National Information Services, Inc. provides solutions to financial institutions, businesses, and developers worldwide.
Market Cap
$18.4B
Pitch Price
$70.83
Price Target
N/A
Dividend
4.94%
EV/EBITDA
6.50
P/E
5.48
EV/Sales
3.19
Sector
Financial Services
Category
turnaround
Heartland Mid Cap Value Fund New Position: Fidelity National Information Services, Inc.
FIS: Core banking software provider, 80% recurring revenue. New CEO Ferris selling Worldpay stake, cutting debt to <2x EBITDA. Refocused on cross-selling, margin expansion. 11x NTM EV/EBITDA vs peers' 11.7-16.2x. Expect accelerating growth from improved sales incentives & bank tech needs. Trading near Russell Midcap Value despite historical 10% premium.
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