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With a market cap of $47.4 billion, Fidelity National Information Services, Inc. (FIS) provides technology solutions for banking, payments, and capital markets worldwide. Based in Jacksonville, Florida, it serves financial institutions, businesses, and developers with various financial services technologies.
Shares of the banking and payment technologies company have significantly outperformed the broader market over the past 52 weeks. FIS has surged 69.3% over this time, while the broader S&P 500 Index ($SPX) has rallied 35.9%. In 2024, shares of FIS are up 47.7%, compared to SPX’s 25.8% gain on a YTD basis.