13 Most Promising Fintech Stocks to Buy

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

Average Upside Potential: 5.86%

Number of Hedge Funds: 59

Fidelity National Information Services, Inc. (NYSE:FIS) is a leading provider of financial technology solutions for businesses, financial institutions, and developers. The company improves the digital transformation of the financial economy by advancing the way the world pays, banks, and invests. FIS is a member of the Fortune 500 and is headquartered in Jacksonville, Florida.

FIS is a scaled technology leader that delivers a broad suite of best-of-breed solutions. The world runs on FIS as the firm works with 95% of the world’s leading banks. The fintech firm has a history of growth worth mentioning. It was founded in 1968 as Systematics, acquired by ALLTEL Information Services later, and then bought by title insurance giant Fidelity National Financial who renamed it Fidelity Information Services. Over the years, FIS acquired several financial technology firms to expand its reach and emerge as the largest technology provider to the global financial industry which currently offers more than 500 solutions and processes over $75 billion of transactions globally.

Fidelity National Information Services, Inc. (NYSE:FIS) continued a positive momentum through Q2 with sixth straight quarter of outperformance. On an adjusted basis, revenue rose 4% as compared to the prior-year period and was driven by 4% adjusted recurring revenue growth. Due to cost-saving initiatives and a higher-margin revenue mix, adjusted EBITDA margin expanded by 110 basis points relative to the preceding year.

FIS is one of the world’s leading technology providers to the capital markets, retail banking, and merchant industries. With recent financial results demonstrating accelerating revenue with expanding margins, the business strength is evident. As of September 30, the average upside potential for Fidelity National Information Services, Inc. (NYSE:FIS) is 5.86%.