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FIS

Fidelity National Information Services, Inc.
$36.42
-0.03% Oct 21 close
FinancialsS&P 500 Compare
-50%-33%-17%0%+17%Oct 2025Oct 2026Apr 2026
FISSPY
1W
+2.7%
1M
+3.5%
3M
-9.1%
6M
-22.1%
YTD
-43.5%
1Y
-44.1%

Live chart

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What they do

Fidelity National Information Services, Inc. provides solutions to financial institutions, businesses, and developers worldwide. The company operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. It provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment.

Technology · Information Technology Services

For information only · Important disclosures

Grades vs sector

Momentum
2nd percentile in sector
F
12-1 return: -45.4%
Percentile within its GICS sector across the S&P 1500.
Growth
84th percentile in sector
A-
Revenue growth (YoY): +29.1%
Percentile within its GICS sector across the S&P 1500.
Value
72nd percentile in sector
B+
Forward E/P: 18.5% · EBITDA/EV: 9.0%
Percentile within its GICS sector across the S&P 1500.
Profitability
68th percentile in sector
B
Profit margin: +27.6% · Return on equity: +22.3%
Percentile within its GICS sector across the S&P 1500.
Revisions
Not enough data yet
–
EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Our models

Not held by any of our 5 live models right now.

Quality Growth
Outside this model's universe or screens
Momentum Top 15
ranked 483 of 499 · 12-month momentum -36.5%
Momentum Blend
Not in the current book
New Highs Growth
Outside this model's universe or screens
Coteau Long Book
Not in the current book

News

More news
Tuesday 10/20 Insider Buying Report: IAM, FIS
Nasdaq · Oct 20

Key stats

Market value$18.8B
P/E (last 12 months)5.6
P/E (next 12 months, estimated)5.5
52-week range$32.10 – $68.98
Revenue growth (latest quarter vs a year ago)+29.1%
Dividend yield4.83%
Analyst consensusBuy (25)
Average analyst price target$47.28 (+30%)
Valuation and fundamentals

Valuation & fundamentals

Bottom line
Leans undervalued
Model read-out from the numbers below, not advice. Score +2 (DCF counts double).
▲DCF (base case)above the price by 627%
▲Forward P/E vs sector5.5x vs median 10.2x
•Piotroski F-score4/9
▼Altman Z0.0 (distress)
▼Net debt / EBITDA4.9x
▲Analyst target+30% (25 analysts)

Discounted cash flow

Bear
$131
+261%
growth 10% · disc. 9.4% · term. 2.0%
Base
$265
+627%
growth 16% · disc. 8.4% · term. 2.5%
Bull
$471
+1194%
growth 20% · disc. 7.4% · term. 3.0%

A DCF starts from trailing free cash flow, so it can overstate value if the last 12 months were unusually strong (or weak). Use the bear case or edit the starting cash flow if so.

Reverse DCFfor context, not a signal
Today's price implies shrinking cash flows: about -6% a year for 10 years.
Implied
-6%/yr
FCF, last 3 yrs
n/a
FCF, last 5 yrs
n/a
Revenue, last 3 yrs
+3%/yr
Revenue, last 5 yrs
-3%/yr
Same inputs as the DCF above: trailing free cash flow 4.2B, 8.4% discount rate, 2.5% growth after year 10, net debt and today's share count. Actual growth rates are compound annual rates from SEC annual filings through FY2025; "n/a" means too little history or a negative starting year.
Edit assumptions · recalculates instantly
Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-06-30). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 0.83 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Financials

P/E (trailing)
sector median 13.0× · 3rd pct
5.6×
cheaper
Forward P/E
sector median 10.2× · 3rd pct
5.5×
cheaper
EV / EBITDA
sector median 10.9× · 41st pct
9.4×
cheaper
Price / sales
sector median 2.8× · 30th pct
1.5×
cheaper
Price / book
sector median 1.6× · 29th pct
1.2×
cheaper
FCF yield
sector median 8.2% · 91st pct
22.3%
cheaper

Forward EPS $6.65 vs trailing $6.51 (+2% expected growth). Forward P/E uses analysts' next-12-month estimate.

Backlog (remaining performance obligations)

RPO
$25.0B
as of 2026-06-30
vs a year ago
+11%
YoY
× TTM revenue
2.05×
coverage
24-09
24-12
25-03
25-06
25-09
25-12
26-03
26-06

Contracted revenue not yet recognized, from SEC filings (XBRL tag RevenueRemainingPerformanceObligation).

Quality & financial health

Gross margin
36.0%
Operating margin
15.7%
FCF margin
34.3%
Net margin
27.6%
Return on equity
21.0%
Return on invested capital
3.9%
Net debt / EBITDA
4.9×
Current ratio
0.5×
Interest cover
3.2×
Cash conversion (OCF/NI)
1.3×
Piotroski F-score 4/9 · last two fiscal years
✓ Positive net income✗ Positive operating cash flow✗ Return on assets improved✗ Cash flow above net income✓ Long-term debt / assets fell✗ Current ratio improved✓ No share dilution✗ Gross margin improved✓ Asset turnover improved

Altman Z-score 0.0 (distress zone; above 3.0 = safe, below 1.8 = distress). Not meaningful for banks and insurers.

Analysts

Mean target
$47
+30%
Analysts
25
Buy
Range
$37–$77
low – high
● price · ◆ mean target

Annual history

FYRevenueNet incomeFree cash flow
2025$10.7B$382.0M–
2024$10.1B$1.4B–
2023$9.8B$-6.7B$4.2B
2022$9.7B$-16.8B$3.7B
2021$9.3B$417.0M$4.5B
2020$12.6B$158.0M$4.2B

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +3.2%.

Earnings

Next report: 2026-11-04 · before open · EPS est 1.60
24-1125-0225-0525-0825-1126-0226-0526-080.001.69
EstimateActual (beat)Actual (miss)
ReportEPS estActualSurprise
2026-08-041.471.48+0.5%
2026-05-081.291.36+5.7%
2026-02-241.691.68-0.5%
2025-11-051.481.51+1.7%
2025-08-051.361.36+0.1%
2025-05-061.201.21+1.1%
2025-02-111.361.39+2.4%
2024-11-041.291.40+8.3%

Quarterly revenue

QuarterRevenueYoY
2026-06-30$3.4B+29.1%
2026-03-31$3.3B–
2025-12-31$2.8B–
2025-09-30$2.7B–
2025-06-30$2.6B–
Analyst actions
Citigroup
2026-10-16 · main
Neutral → Neutral
PT $39
Cantor Fitzgerald
2026-10-16 · main
Overweight → Overweight
PT $45
Susquehanna
2026-10-13 · main
Neutral → Neutral
PT $37
Goldman Sachs
2026-10-13 · main
Buy → Buy
PT $44
TD Cowen
2026-10-09 · main
Buy → Buy
PT $47
Barclays
2026-10-09 · main
Equal-Weight → Equal-Weight
PT $38

Recent dividends

2026-09-11: $0.440 · 2026-06-11: $0.440 · 2026-03-10: $0.440 · 2025-12-09: $0.400 · 2025-09-10: $0.400 · 2025-06-10: $0.400 · 2025-03-11: $0.400 · 2024-12-09: $0.360
Insider trades
Goldstein Jeffrey A
Director · 2026-10-15
BUY
$57.7K
None
None · None
SELL
–
None
None · None
SELL
–
None
None · None
SELL
–

Stats refreshed 2026-10-21 18:22:46 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

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coteau

Independent research · Not investment advice · Important disclosures · Contact desk@coteau.app

Coteau Systematic Strategies publishes stock research and model portfolios. Results are hypothetical unless marked Live. Data: Yahoo Finance (15-min delayed), SEC EDGAR and the House Clerk.

Beta 0.9 · Oct 21, 2026