FIS

Fidelity National Information Services, Inc.
TechnologyInformation Technology ServicesNASDAQ
$42.99
-$0.62 (-1.44%)today
Conviction
5/ 10
Fair Value$66.52
Upside+44.70%
Signal0.31
Market Cap$24.0B
52W Range$44.48–$82.74
Next EarningsMay 5

Conviction History

Conviction Changes

Apr 1, 2026, 4:06 AM75macro-brief
Mar 23, 2026, 9:04 AM87news-research
Mar 18, 2026, 5:07 AM78conviction-rescore
Mar 16, 2026, 5:10 AM67sec-read
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Price History

FAIR VALUE ANALYSISMonte Carlo · 5,000 runs · 99% valid
Fair Value$59.75
Current Price$46.89
Upside / Down+27.4%
P(Undervalued)84.8%
P(20%+ Up)60.8%
P(15%+ Down)4.1%

Fair Value Distribution — percentile bands

84.8% of simulations place fair value above current price

WHAT IS PRICED IN

Revenue-Based Reverse DCF

-0.7%/yr

±4.0% · revenue growth to justify current price

FCF-Based Reverse DCF

6.9%/yr

±2.9% · FCF growth to justify current price

THE GAP

Market pricing margin compression or rising capex

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Bull Case

Post-Worldpay pure-play fintech rerating: clean payments processor with recurring revenue, MACD bullish (+0.44 hist), DCF P(above)=73.9%, 32% analyst upside. Structural shift to digital payments + AI-enhanced fraud detection.

Bear Case

Below 200dma, macro headwinds in fintech, VIX elevated (Caution regime). RSI 46 neutral — no oversold bounce setup. Trade signal 0.271 (PASS). Sentiment fragile until market stabilizes.

Thesis Breakers

Revenue growth stalls below 5%, margin compression from competition, macro recession hitting card volumes

Updated Mar 18

Research Feed

analysisMar 23
Conviction: unchanged
FIS Deep Dive: Financial Infrastructure Moat, Post-Worldpay Pivot, AI Data Upside

Pure-play financial infrastructure post-Worldpay divestiture. Core banking moat (95% of large US banks) with 5-10yr contracts. 9-10% EPS growth, 2% yield, 32% upside to fair value. Yellow flag: CTO de...

newsMar 23
Conviction: unchanged
FIS CTO Resigns, $6.8B Senior Notes Offering Completed, Mizuho Wins Balance Sheet Manager Contract

FIS CTO Firdaus Bhathena resigned March 18-20, 2026. FIS completed multi-currency senior notes offering totaling $6.8B + €1B — significant debt refinancing event. Mizuho Financial selected FIS Balance...

newsMar 20
Conviction: unchanged
FIS: .8B+ Senior Notes Offering Closed; Mizuho Wins Balance Sheet Manager Contract

FIS closed a large multi-currency debt raise (.8B USD + B EUR senior notes) in early March 2026. Mizuho selected FIS Balance Sheet Manager — a concrete enterprise win. Neutral on thesis.

sec_10kMar 16
Conviction: unchanged
FIS FY2025 10-K Deep Read: Post-Worldpay Pure Play Rerating Thesis

FY2025 10-K confirms solid execution: revenue $10.7B (+5.4%), Banking +6%, Capital Markets +7% at 51.8% EBITDA margins. Issuer Solutions acquisition ($7.7B debt, Jan 2026) funded by Worldpay 45% stake...

sec_10kMar 3
Conviction: unchanged
FIS 2025 10-K: Platform Modernization Post-Issuer Solutions Acquisition

FIS integrating Issuer Solutions acquisition to enhance platform capabilities; leverage elevated post-acquisition; core banking and capital markets businesses stable; modernization execution critical.