AllAnalyst Report
logoMorningstarSeptember 04, 2020

Fidelity National Information Services, Inc.: FIS Sees Revenue Decline but Margin Improvement in Second Quarter

Symbols
FIS
Sector(s)
Technology
Rating
Premium
Current Price
$147.97
Fair Value
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Economic Moat
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Stewardship
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Summary

Fidelity National Information Services is the product of two significant mergers, Sungard in 2014 and the $43.6 billion acquisition of Worldpay in 2019. The company will now provide core and payment processing services to banks, as well as merchant acquiring. In addition, Fidelity provides processing software for capital markets providers, asset managers, and custodians. As of 2019, the company serves more than 20,000 institutions in over 130 countries. North America accounts for 76% of revenue; Europe, the Middle East, and Africa another 15%; while Asia accounts for 5% of total sales.

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