Fidelity National Information (FIS) Presents Key Strategies at Goldman Sachs Conference

Fidelity National Information Services, Inc. (NYSE:FIS) is one of the Most Undervalued Growth Stocks to Buy According to Hedge Funds. On September 9, Fidelity National Information Services, Inc. (NYSE:FIS) presented its key strategies at the Goldman Sachs conference.

​Management emphasized its core strengths and effective capital allocation, including plans to increase share buybacks. The company also remains optimistic about the macroeconomic environment, supported by favorable regulatory conditions.

​Moreover, the company has also boosted its digital capabilities through acquisitions of Dragonfly, Everlink, and Amount. Looking ahead, the company targets a 90% free cash flow conversion next year, driven by lower capital intensity. Fidelity National Information Services, Inc. (NYSE:FIS) expects banking revenue growth of 4% to 4.5% this year. The third quarter growth is forecasted at 3% to 3.5%, while fourth quarter growth is expected to improve to 6.5%.

​Fidelity National Information Services, Inc. (NYSE:FIS) provides technology solutions to financial institutions, businesses, and developers.

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Disclosure: None. This article is originally published at Insider Monkey. An earlier version of this article included a section that implied FIS sold a part of its EBT business. FIS didn’t sell its EBT business. Instead, there was a 1 percentage point shift of some EBT revenue from the third quarter to the second quarter.