Fidelity Information Services (FIS) is up today on an aggressive 2024 outlook even though fourth-quarter earnings came in below expectations. However, I am troubled by the lack of clarity on what exactly will drive this growth, and with the stock now above my current $65 target, I am closing our Value Authority position here.

Ultimately, this one has been a question of patience. While the company did the best job it could to extract some value from its poorly-timed WorldPay acquisition, unloading that company at a depressed price was very dilutive to shareholders. Now the stock looks fully valued here at 16X forward EPS in a payments market that is increasingly competitive.

Sell FIS. We’ve earned $4.74 per share here in dividends, which helps to balance the overall score.