Fidelity Information Services (FIS), more informally known as FIS, is a $75 billion company that provides technologies to financial institutions and merchants that help enable everyday transactions.

The stock is down from a high of $150 after guidance implied margin compression in the second half of the year.

However, with the stock selling at just 16X next year’s EPS estimates, a lot of risk is priced in, and with a 1.3% yield FIS is a good fit for what we do.

The company has a strong long-term growth record, which I feel should continue with the help of acquisitions.

Buy FIS under $125. My target is $140. I will have more in Tuesday’s Value Authority Issue