Fidelity National Information ServicesFIS
Market Cap: $44.4B
About: Fidelity National Information Services provides core processing and ancillary services to banks, but its business has expanded over time. By acquiring SunGard in 2015, the company now provides record-keeping and other services to investment firms. With the acquisition of Worldpay in 2019, FIS was providing payment processing services for merchants and holding leading positions in the United States and United Kingdom. But the company sold off a majority interest in Worldpay and now has only a minority stake.
Employees: 60,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
102% more call options, than puts
Call options by funds: $257M | Put options by funds: $127M
33% more first-time investments, than exits
New positions opened: 117 | Existing positions closed: 88
3% more funds holding
Funds holding: 963 [Q1] → 992 (+29) [Q2]
1.67% more ownership
Funds ownership: 92.43% [Q1] → 94.1% (+1.67%) [Q2]
0% less capital invested
Capital invested by funds: $39.4B [Q1] → $39.4B (-$8.88M) [Q2]
20% less funds holding in top 10
Funds holding in top 10: 30 [Q1] → 24 (-6) [Q2]
20% less repeat investments, than reductions
Existing positions increased: 322 | Existing positions reduced: 405
Research analyst outlook
12 Wall Street Analysts provided 1 year price targets over the past 3 months
12 analyst ratings
JP Morgan Tien-Tsin Huang 59% 1-year accuracy 30 / 51 met price target | 9%upside $89 | Overweight Maintained | 20 Aug 2024 |
Barclays Ramsey El-Assal 58% 1-year accuracy 22 / 38 met price target | 11%upside $90 | Overweight Maintained | 8 Aug 2024 |
TD Cowen Bryan Bergin 70% 1-year accuracy 16 / 23 met price target | 4%downside $78 | Hold Maintained | 7 Aug 2024 |
Deutsche Bank Bryan Keane 0% 1-year accuracy 0 / 2 met price target | 10%downside $73 | Hold Maintained | 7 Aug 2024 |
JP Morgan Tien-Tsin Huang 59% 1-year accuracy 30 / 51 met price target | 4%upside $85 | Overweight Maintained | 7 Aug 2024 |
Financial journalist opinion
Based on 6 articles about FIS published over the past 30 days