Fidelity National Information Services (FIS) is Upgraded by Jefferies to Buy

Fidelity National Information Services (FIS) was Upgraded by Jefferies to ” Buy”. Earlier the firm had a rating of “Hold ” on the company shares. Jefferies advised their investors in a research report released on May 9, 2016.

Many Wall Street Analysts have commented on Fidelity National Information Services. Company shares were Reiterated by Compass Point on May 4, 2016 to “Buy”, Firm has raised the Price Target to $ 78 from a previous price target of $72 .Company shares were Reiterated by RBC Capital Mkts on May 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 80 from a previous price target of $78 .Compass Point Initiated Fidelity National Information Services on Apr 15, 2016 to “Buy”, Price Target of the shares are set at $72.

On the company’s financial health, Fidelity National Information Services reported $0.79 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.74. The company had revenue of $2181.00 million for the quarter, compared to analysts expectations of $2246.32 million. The company’s revenue was up 40.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS.

Fidelity National Information Services opened for trading at $70.14 and hit $71.27 on the upside on Friday, eventually ending the session at $71.25, with a gain of 1.22% or 0.86 points. The heightened volatility saw the trading volume jump to 22,42,113 shares. Company has a market cap of $23,260 M.

In a different news, on Apr 4, 2016, Stephan A James (director) sold 15,800 shares at $65.00 per share price. According to the SEC, on Mar 30, 2016, Gary Norcross (President and CEO) sold 170,000 shares at $63.03 per share price. On Mar 28, 2016, James B Jr Stallings (director) sold 800 shares at $62.56 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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