Professional
Added to YB: 2024-02-20
Pitch date: 2024-02-14
FIS [bullish]
Fidelity National Information Services, Inc.
+11.17%
current return
Author Info
No bio for this author
Company Info
Fidelity National Information Services, Inc. engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide.
Market Cap
$33.3B
Pitch Price
$60.37
Price Target
N/A
Dividend
2.49%
EV/EBITDA
18.42
P/E
191.72
EV/Sales
4.37
Sector
Financial Services
Category
turnaround
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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