Professional
Added to YB: 2024-08-01
Pitch date: 2024-06-30
FIS [bullish]
Fidelity National Information Services, Inc.
-8.91%
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
$73.12
Price Target
N/A
Dividend
2.49%
EV/EBITDA
18.42
P/E
191.72
EV/Sales
4.37
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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