Fidelity National Information Services (FIS) : Analyst Rating Update

Fidelity National Information Services (FIS) : 15 analysts are covering Fidelity National Information Services (FIS) and their average rating on the stock is 1.4, which is read as a Strong Buy. 11 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Fidelity National Information Services (FIS) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Fidelity National Information Services (FIS) has been rated by 12 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $85 and the lowest price target forecast is $72. The average forecast of all the analysts is $80.83 and the expected standard deviation is $3.51.

Fidelity National Information Services (NYSE:FIS): The stock opened at $74.22 on Wednesday but the bulls could not build on the opening and the stock topped out at $74.64 for the day. The stock traded down to $73.84 during the day, due to lack of any buying support eventually closed down at $74.25 with a loss of -0.48% for the day. The stock had closed at $74.61 on the previous day. The total traded volume was 2,066,919 shares.

Also, Sterne Agee CRT upgrades its rating on Fidelity National Information Services (NYSE:FIS). Analysts at the Sterne Agee CRT have a current rating of Buy on the shares. The shares were previously rated Neutral. The rating by the firm was issued on May 11, 2016. The company shares have rallied 21.16% from its 1 Year high price. On Jun 6, 2016, the shares registered one year high at $75.80 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $73.52 and the 200 Day Moving Average price is recorded at $65.15.

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.

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