Goldman Sachs’ Stocks With Highest Consensus Returns: 42 Stocks With The Highest Consensus ROE

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

Consensus ROE: 14%

Number of Hedge Fund Investors in Q2 2024: 59

Fidelity National Information Services, Inc. (NYSE:FIS) is a financial technology company that provides banks with processing software, online banking solutions, risk management, compliance, and other products. This means that the firm’s fortunes are tied to the banking industry and particularly the spending options that higher margins create for the financial firms. With interest rates dropping, bank costs are expected to drop as well, meaning that Fidelity National Information Services, Inc. (NYSE:FIS) could see its sales increase. Additionally, the firm’s operating model means that it benefits from recurring revenues, which means that it has to land big deals and then earn money through subscriptions. For its H1 2024, $3.4 billion of Fidelity National Information Services, Inc. (NYSE:FIS)’s $4.9 billion in revenue came through transaction processing, which could grow once capital conditions start to lighten up.

Parnassus Investments mentioned Fidelity National Information Services, Inc. (NYSE:FIS) in its Q1 2024 investor letter. Here is what the fund said:

“Fidelity National Information Services, Inc. (NYSE:FIS), a global financial technology company, issued an optimistic outlook for the remainder of 2024, buoying its stock. Improved cost management and completion of the Wordplay spin-off were additional positives.”