Fidelity National Information Services (FIS)

• Market cap: $43.9B
• 1 day: 1.65%
• 5 days: -3.30%
• 1 month: -5.17%
• 3 months: -3.09%
• 6 months: 6.51%
• Year to date: 33.61%
• 1 year: 38.35%
• 5 years: -41.31%
• 10 years: 28.18%
• Sector: Industrials
• Industry: Business Services

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 Q3 regulatory filings by fund managers ($100M+ AUM)

36% more call options, than puts

Call options by funds: $249M | Put options by funds: $184M

27% more first-time investments, than exits

New positions opened: 126 | Existing positions closed: 99

6% more capital invested

Capital invested by funds: $39.9B [Q2] → $42.5B (+$2.53B) [Q3]

3% more funds holding

Funds holding: 1,003 [Q2] → 1,030 (+27) [Q3]

2.37% less ownership

Funds ownership: 95.33% [Q2] → 92.96% (-2.37%) [Q3]

8% less funds holding in top 10

Funds holding in top 10: 25 [Q2] → 23 (-2) [Q3]

20% less repeat investments, than reductions

Existing positions increased: 339 | Existing positions reduced: 422

Research analyst outlook

13 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $86 6% upside
• Avg. target: $99 22% upside
• High target: $126 55% upside

13 analyst ratings

• positive: 8 62%
• neutral: 5 38%
• negative: 0 0%

Morgan Stanley James Faucette 77% 1-year accuracy 20 / 26 met price target	13% upside $92	Equal-Weight Maintained	18 Dec 2024
Compass Point Dominick Gabriele 73% 1-year accuracy 8 / 11 met price target	55% upside $126	Buy Initiated	20 Nov 2024
TD Cowen Bryan Bergin 93% 1-year accuracy 26 / 28 met price target	6% upside $86	Hold Maintained	5 Nov 2024
Mizuho Dan Dolev 76% 1-year accuracy 41 / 54 met price target	28% upside $104	Outperform Maintained	5 Nov 2024
UBS Timothy Chiodo 75% 1-year accuracy 9 / 12 met price target	15% upside $94	Neutral Maintained	5 Nov 2024