In a report released on January 11, Daniel Perlin from RBC Capital maintained a Buy rating on Fidelity National Info (FIS – Research Report), with a price target of $93.00. The company’s shares closed yesterday at $69.28.
According to TipRanks, Perlin is a 5-star analyst with an average return of 7.6% and a 51.81% success rate. Perlin covers the Technology sector, focusing on stocks such as Block, TELUS International (CDA), and Flywire.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Fidelity National Info with a $81.90 average price target, a 18.22% upside from current levels. In a report released on January 10, Susquehanna also maintained a Buy rating on the stock with a $100.00 price target.
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Based on Fidelity National Info’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.6 billion and a net profit of $249 million. In comparison, last year the company earned a revenue of $3.51 billion and had a net profit of $158 million
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Incorporated in 1968, Florida-based Fidelity National Information Services, Inc. operates as a financial services technology company in the United States and internationally. It operates through three segments: Merchant Solutions, Banking Solutions, and Capital Market Solutions.
Read More on FIS:
- FIS expectations staying conservative for now, says Susquehanna
- FIS downgraded to Sector Weight from Overweight at KeyBanc
- Fidelity National Information Services call volume above normal and directionally bullish
- ACI Worldwide nomination deadline highlighted by Dealreporter
- Activist involvement at FIS doesn’t come as a surprise, says Wolfe Research
