Analyst Price Target Update on Fidelity National Information Services (NYSE:FIS)

Fidelity National Information Services (NYSE:FIS): 12 Analyst have given the stock of Fidelity National Information Services (NYSE:FIS) a near short term price target of $80.83. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $3.51. The higher price target estimate is at $85 while the lower price estimates are fixed at $72.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Sterne Agee CRT, upgrades their rating on the shares of Fidelity National Information Services (NYSE:FIS). Sterne Agee CRT has a Buy rating on the shares. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on May 11, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, The director, of Fidelity National Information Services, Inc., Hunt David K had unloaded 10,133 shares at $75.3 per share in a transaction on June 6, 2016. The total value of transaction was $763,015. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Fidelity National Information Services (NYSE:FIS) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.9 points or 1.21% at $73.44 with 1,796,049 shares getting traded. Post opening the session at $74.13, the shares hit an intraday low of $73.4 and an intraday high of $74.65 and the price was in this range throughout the day. The company has a market cap of $23,975 million and the number of outstanding shares have been calculated to be 326,453,930 shares. The 52-week high of Fidelity National Information Services (NYSE:FIS) is $75.8 and the 52-week low is $55.105.

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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