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%, impacted by the partial sale of its EBT business, 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.

While we acknowledge the potential of FIS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.