Fidelity National Information Services Upgraded by Janney Montgomery Scott to “Buy” (FIS)
Fidelity National Information Services (NYSE:FIS) was upgraded by equities researchers at Janney Montgomery Scott to a “buy” rating in a research report issued on Friday, Analyst Ratings Network reports.
Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Tuesday, October 29th. The company reported $0.74 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.71 by $0.03. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the company posted $0.63 earnings per share. Fidelity National Information Services’s revenue was up 4.5% compared to the same quarter last year.
A number of other firms have also recently commented on FIS. Analysts at Zacks reiterated a “neutral” rating on shares of Fidelity National Information Services in a research note to investors on Monday. They now have a $55.00 price target on the stock. Separately, analysts at Oppenheimer raised their price target on shares of Fidelity National Information Services from $53.00 to $57.00 in a research note to investors on Wednesday, November 20th. They now have an “outperform” rating on the stock. Finally, analysts at SunTrust raised their price target on shares of Fidelity National Information Services from $52.00 to $57.00 in a research note to investors on Wednesday, October 30th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $47.00.
In other Fidelity National Information Services news, EVP Kirk Larsen sold 32,841 shares of Fidelity National Information Services stock on the open market in a transaction dated Thursday, December 26th. The stock was sold at an average price of $52.46, for a total value of $1,722,838.86. Following the transaction, the executive vice president now directly owns 38,863 shares in the company, valued at approximately $2,038,753. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Fidelity National Information Services, Inc (NYSE:FIS) is a global provider of banking and payments technologies.
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