Is Fidelity National Information Services (FIS) A Bargain After Its Kredittbanken Cloud Win?

Fidelity National Information Services (FIS) just picked up a fresh client win in Europe, as Kredittbanken ASA chose its PRIME in the Cloud platform to overhaul core lending, deposit and credit card systems. These product wins arrive at a tough moment for Fidelity National Information Services, with the share price down 22.6% over the past month and 50.6% year to date. The 1 year total shareholder return has fallen 49.5%, signalling that recent momentum has been weak even as the company rolls...