Fidelity National Information Services Inc
FIS: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$97.00 | Kfzbzm | Crrqzdxd |
FIS Earnings: Good Start as Company Sets a New Path
Following the sale of a majority interest in the Worldpay business in January, FIS has returned to a focus on its legacy operations. We think the new FIS will be a more stable operation with lower long-term growth prospects. The first quarter marked a fairly strong start to this new direction. We will maintain our $80 fair value estimate for the narrow-moat company and see the shares as modestly undervalued.