FIS

Fidelity National Information Services Inc

TMT, Finance/Real Estate


Presented:09/22/2017
Price:$93.05
Cap:$31.08B
Current Price:$89.05
Cap:$48.58B

Presented

Date09/22/2017
Price$93.05
Market Cap$31.08B
Ent Value$37.56B
P/E Ratio46.52x
Book Value$29.79
Div Yield1.25%
Shares O/S334.00M
Ave Daily Vol1,373,384
Short Int0.73%

Current

Price$89.05
Market Cap$48.58B
Fidelity National Information Services, Inc. is a financial services technology company. The company offers solutions in retail and enterprise banking, payments, capital markets, asset and wealth management, risk and compliance, treasury and insurance, as well as providing financial consulting and outsourcing services. It operates through the following segments: Integrated Financial Solutions, Global Financial Solutions, and Corporate & Other. The Integrated Financial Solutions segment focuses on serving the North American regional and community bank market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services, capitalizing on the continuing trend to outsource these solutions. The Global Financial Solutions segment serves the largest financial institutions around the globe with banking and payments solutions, as well as consulting and transformation services. The Corporate & Other segment consists of corporate overhead expense, certain leveraged functions and miscellaneous expenses that are not included in the operating segments. The company was founded in 1968 and is headquartered in Jacksonville, FL.

Publicly traded companies mentioned herein: Fidelity National Information Services Inc (FIS)

Highlights

The presenter is long shares of Fidelity National Information Services (FIS), a provider of enterprise software for banks and other financial services companies. He believes the 2015 acquisition of SunGard will yield better than expected revenue synergies, with some optionality on further cost synergies from datacenter consolidation. The presenter models $6.23 in 2019 EPS, a ~20% premium over the Street’s $5.32. 

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Idea Discussion

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