FIS Gets $90 Buy Rating as Analyst Sees Worldpay Misread

Fidelity National Information Services (FIS) received a buy rating and a $90 price target from an analyst on Seeking Alpha. The analyst argued the market is misreading the impact of the Worldpay divestiture. FIS shares trade at a deep valuation discount, the analyst said, with stable earnings and a 4.2% dividend yield that supports a re-rating.

The thesis centers on Worldpay. The analyst believes concerns about the loss of that business are overblown. FIS retains a strong core in banking technology and capital markets software. The analyst sees the current price as an entry point for long-term investors. The analyst disclosed a long position in FIS shares.

AlphaScala's proprietary model gives FIS a score of 36 out of 100, with a Mixed label. The stock sits in the Technology sector. For more details, visit the FIS stock page.