Fidelity National Information Services (FIS) is Initiated by Cantor Fitzgerald to Buy

Fidelity National Information Services (FIS) was Initiated by Cantor Fitzgerald to “Buy”. Cantor Fitzgerald advised their investors in a research report released on Oct 7, 2016.

Many Wall Street Analysts have commented on Fidelity National Information Services. Company shares were Reiterated by Barclays on Sep 26, 2016 to “Overweight”, Firm has raised the Price Target to $ 96 from a previous price target of $88 .Wedbush Initiated Fidelity National Information Services on Sep 9, 2016 to “Outperform”, Price Target of the shares are set at $92.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 .

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 -0.45 points or -0.59% at $76.46 with 11,14,821 shares getting traded on Tuesday. Post opening the session at $76.91, the shares hit an intraday low of $75.93 and an intraday high of $77.17 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Sep 16, 2016, Anthony M Jabbour (Corp EVP – COO) sold 145,000 shares at $75.89 per share price. According to the SEC, on Aug 16, 2016, Keith W Hughes (director) sold 10,133 shares at $80.05 per share price. On Jun 30, 2016, James B Jr Stallings (director) sold 1,038 shares at $72.26 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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