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Stock impact report

FIS stock enjoys best week since 2020, marking bright spot in tough recent stretch [MarketWatch]

Fidelity National Information Services, Inc. (FIS) 
Last fidelity national information services, inc. earnings: 2/13 07:00 am Check Earnings Report
US:NYSE Investor Relations: investor.fisglobal.com
Company Research Source: MarketWatch
Shares of Fidelity National Information Services Inc. notched their best weekly performance since the early days of the pandemic this week as analysts chimed in with upbeat views about the financial-technology name, which took a beating a month back in the wake of a disappointing earnings report. FIS FIS, shares rose 12.3% this week, making for their largest single-week percentage gain since the one that ended March 27, 2020, when the shares climbed 16.8%, according to Dow Jones Market Data. Raymond James analyst John Davis wrote Wednesday that his sum-of-the-parts analysis indicates that the stock is worth $115 a share, using what he called “very conservative assumptions.” (Shares closed Friday just above $74.) He noted that while investors seem “far too focused” on the company's merchant segment, which represents about 30% of revenue, the segment is “also significantly misunderstood/undervalued” in his view. About 75% of it is “very healthy” while the other quarter is more le Show less Read more
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