10 Undervalued Tech Stocks Flying Under Wall Street’s Radar

8. Fidelity National Information Services, Inc. (NYSE:FIS)

Analyst Upside Potential as of June 28: 10.22%

Forward P/E: 12.94

Number of Hedge Fund Holders: 56

Fidelity National Information Services, Inc. (NYSE:FIS) is one of the 10 undervalued tech stocks flying under Wall Street’s radar. On June 26, the company announced that it has expanded its partnership with Visa (NYSE:V) to provide new payment solutions for financial institutions.

According to the statement, the expanded collaboration focuses on delivering innovative payment solutions to regional and community banks. The goal is to enable them to compete with larger issuers by lowering barriers to advanced payment technologies. Fidelity National hopes that the capability will help the financial institutions “grow revenues, enhance customer retention, and reduce fraud losses.”

The new capabilities introduced include Stop Payment Services, which enable cardholders and call centers to halt recurring payments to merchants. Wallet Link allows issuers to push their branded digital card directly to a customer’s digital wallet. At the same time, eCommerce Fraud Mitigation enables issuers to increase their eCommerce transaction approval rates and eliminate chargeback liability. Lastly, Digital Campaign Manager helps financial institutions leverage new marketing channels, including augmented reality events and other digital experiences, for customer acquisition and engagement.

Fidelity National Information Services, Inc. (NYSE:FIS) is a financial technology company. It provides banking and payment solutions to over 20,000 clients in more than 100 countries, including banks, capital markets firms, and businesses. Its main segments are Banking Solutions (core banking, digital banking, fraud and compliance tools) and Capital Market Solutions (trading, treasury, and risk management software).