Fidelity National Information Services, Inc. (NYSE:FIS) is one of the best underperforming tech stocks to buy for a turnaround. The stock clearly fits the reset theme. FIS was trading at $43.37 on May 18, near the low end of its 52-week range of $41.33 to $82.74, while analysts still held a Moderate Buy rating and an average price target of $61.57, per Marketbeat.

The freshest support came on May 12, when FIS said its Supply Chain Finance Platform had been selected by Glencore to support a $2.55 billion oil-and-gas trade receivables securitization. FIS said the platform provides technology infrastructure, reporting, and operational support for the multi-jurisdiction transaction, including real-time monitoring and receivables reporting.

That followed another large-client win on May 10, when Commonwealth Bank of Australia selected FIS Data Integrity Manager to automate reconciliations across the bank. FIS said the SaaS platform, delivered through Microsoft Azure, will process more than 150 million transactions daily on a single system.Why FIS (FIS) Is Getting Turnaround Support From Large Client Wins

Image by MayoFi from Pixabay

The company also gave investors a stronger earnings base on May 8, reporting first-quarter revenue of $3.3 billion, up 30% year-over-year, and adjusted EPS of $1.36, up 12%. FIS reiterated its full-year outlook, including adjusted revenue growth of 30% to 31% and free cash flow growth of 27% to 33%.

Fidelity National Information Services, Inc. (NYSE:FIS) provides financial technology solutions to financial institutions and businesses, helping clients run payments, banking, investing, risk, compliance, and related money-movement operations.

While we acknowledge the potential of FIS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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