Fidelity National Information Services (FIS) is Reiterated by Monness Crespi & Hardt to Buy, Raises Price Target to $ 84

Fidelity National Information Services (FIS) was Reiterated by Monness Crespi & Hardt to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 84 from a previous price target of $76 . Monness Crespi & Hardt advised their investors in a research report released on Jul 11, 2016.

Many Wall Street Analysts have commented on Fidelity National Information Services. Fidelity National Information Services was Upgraded by Sterne Agee CRT to ” Buy” on May 11, 2016. Fidelity National Information Services was Upgraded by Jefferies to ” Buy” on May 9, 2016. 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 .

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 $75.06 and hit $76.18 on the upside on Friday, eventually ending the session at $76.03, with a gain of 1.70% or 1.27 points. The heightened volatility saw the trading volume jump to 21,84,183 shares. Company has a market cap of $24,820 M.

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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