Financial products and services company, Fidelity National Information Services (NYSE: FIS) was on an upswing in morning trading on Monday after a Financial Times report that two private-equity groups, Advent International and GTCR could be the potential buyers for its payments provider business Worldpay Group.
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The report stated that these two private equity groups could be looking at buying a majority stake in the payments provider business while large banks could provide the requisite funding.
Analysts are cautiously optimistic about FIS stock with a Moderate Buy consensus rating based on seven Buys and four Holds.
