Fidelity National Information Services (FIS) is Reiterated by Barclays to Overweight, Raises Price Target to $ 88

Fidelity National Information Services (FIS) was Reiterated by Barclays to “Overweight” according to the research note released today. The brokerage firm has raised the Price Target to $ 88 from a previous price target of $83 . Barclays advised their investors in a research report released on Jul 27, 2016.

Many Wall Street Analysts have commented on Fidelity National Information Services. Company shares were Reiterated by Deutsche Bank on Jul 27, 2016 to “Hold”, Firm has raised the Price Target to $ 80 from a previous price target of $72 .Company shares were Reiterated by Monness Crespi & Hardt on Jul 11, 2016 to “Buy”, Firm has raised the Price Target to $ 84 from a previous price target of $76 .Fidelity National Information Services was Upgraded by Sterne Agee CRT to ” Buy” on May 11, 2016.

On the company’s financial health, Fidelity National Information Services reported $0.90 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.87. The company had revenue of $2364.00 million for the quarter, compared to analysts expectations of $2326.69 million. The company’s revenue was up 49.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS.

Fidelity National Information Services closed down -0.43 points or -0.53% at $80.36 with 14,15,368 shares getting traded on Thursday. Post opening the session at $80.68, the shares hit an intraday low of $79.76 and an intraday high of $80.725 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Jun 30, 2016, James B Jr Stallings (director) sold 1,038 shares at $72.26 per share price. According to the SEC, on Jun 28, 2016, James W. Woodall (Corporate EVP – CFO) sold 30,918 shares at $69.19 per share price. On Jun 22, 2016, Michael P Oates (Corp EVP- Chief Admin. Officer) sold 86,571 shares at $73.26 per share price, according to the Form-4 filing with the securities and exchange commission.

Fidelity National Information Services Inc. is a provider of banking and payments technology consulting and outsourcing solutions. The Company operates through four segments: Financial Solutions Group provides services and software to satisfy the processing technology and outsourcing needs of its financial institution clients in North America. Payment Solutions Group provides services and software for the electronic funds transfer card processing item processing bill payment and government payments processing needs of its clients in North America. International Solutions Group offers banking applications channel solutions debit/credit/and prepaid card and merchant services wealth management services item processing and check risk management solutions to financial institutions card issuers commercial enterprises and government operations. Corporate and Other consists of the corporate overhead and costs of leveraged functions that are not allocated to operating segments.

Fidelity National Information Services

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