Fidelity National Information Services (NYSE:FIS) is a backend provider of processing services to other financial institutions. The company has underperformed operationally over the last year or so as the broader financial industry has struggled against a backdrop of low interest rates, low equity volatility, and an anemic fixed income trading environment. This difficult external environment has only been partially offset by FIS' high degree of recurring revenue in the transaction processing business. These issues appear to be starting to abate and for investors looking to take a position in a nuts-and-bolts financial infrastructure firm, Fidelity National Information Services is a good choice at this point.
FIS management has sounded increasingly positive on the overall operating environment over the...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|