Fidelity National Information Services Upgraded by Avondale Partners to Outperform (FIS)
Fidelity National Information Services (NYSE:FIS) was upgraded by stock analysts at Avondale Partners from a “market perform” rating to an “outperform” rating in a report issued on Tuesday, TheFlyOnTheWall.com reports.
Shares of Fidelity National Information Services (NYSE:FIS) traded up 0.91% on Tuesday, hitting $52.15. The stock had a trading volume of 1,968,741 shares. Fidelity National Information Services has a 52-week low of $39.67 and a 52-week high of $56.68. The stock has a 50-day moving average of $53.94 and a 200-day moving average of $51.33. The company has a market cap of $15.158 billion and a P/E ratio of 30.84.
Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Tuesday, February 4th. The company reported $0.76 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.78 by $0.02. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the prior year, the company posted $0.68 earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis. Analysts expect that Fidelity National Information Services will post $3.10 EPS for the current fiscal year.
FIS has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Fidelity National Information Services in a research note on Wednesday, April 2nd. They now have a $57.00 price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Fidelity National Information Services from $47.00 to $56.00 in a research note on Monday, March 24th. Finally, analysts at Deutsche Bank raised their price target on shares of Fidelity National Information Services from $50.00 to $57.00 in a research note on Wednesday, February 5th. They now have a “hold” rating on the stock. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $51.55.
Fidelity National Information Services, Inc (NYSE:FIS) is a global provider of banking and payments technologies.
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