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National Fidelity Information Services (New York Stock Exchange: FIS) can be worth between $95 and $120 based on the sum-of-the-parts analysis, according to a Susquehanna analysis. Loyalty marked 1.4%.
The report comes after recent media sources discussed a possible spin-off. of the company’s commercial payments unit and a sale of its capital markets business, Susquehanna analyst James Friedman, who has a positive rating and a $100 price target on FIS, wrote in a note Friday.
The analysis comes as Fidelity National (FIS) is in the midst of a strategic review, on which the company may update Wall Street when it reports its fourth-quarter results on Wednesday. Last Thursday, Bloomberg reported that FIS is said to have laid off 2,600 employees, or ~2% of its total headcount, in recent weeks as part of its ongoing strategic review.
There was speculation last month that Fidelity National (FIS) received interest from a strategic buyer looking to acquire all or part of the payments company, according to an “uncooked” alert from Betaville.
A Baird analyst said last month that Fidelity National (FIS) could be worth $85 to $105 a share in a possible acquisition. Potential technology firms that might be interested include IBM (IBM), Accenture (ACN) and Oracle (ORCL).
The payment technology company announced in December that it had begun a comprehensive review of its strategy, business, operations and structure as part of a cooperative agreement with shareholder DE Shaw.