Analyst Rating Update on Fidelity National Information Services (FIS)

Fidelity National Information Services (NYSE:FIS) : Zacks Investment Research ranks Fidelity National Information Services (NYSE:FIS) as 2, which is a Buy recommendation. 11 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 15 research analysts is 1.4, which indicates as a Strong Buy.

Fidelity National Information Services (NYSE:FIS) : 12 investment research analysts covering Fidelity National Information Services (NYSE:FIS) have an average price target of $80.83 for the near short term. The highest target price given by the Brokerage Firm to the stock is $85 and the lowest target is $72 for the short term. Analysts expect the variance to be within $3.51 of the average price.

For the current week, the company shares have a recommendation consensus of Buy. Also, Sterne Agee CRT upgrades their rating on the shares of Fidelity National Information Services (NYSE:FIS). The current rating of the shares is Buy. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on May 11, 2016.

Fidelity National Information Services (NYSE:FIS): stock turned positive on Tuesday. Though the stock opened at $69.05, the bulls momentum made the stock top out at $71.04 level for the day. The stock recorded a low of $69.04 and closed the trading day at $71.04, in the green by 3.92%. The total traded volume for the day was 2,322,278. The stock had closed at $68.36 in the previous days trading.

In an insider trading activity, Oates Michael P, officer (Corp EVP- Chief Admin. Officer) of Fidelity National Information Services, Inc., unloaded 86,571 shares at an average price of $73.26 on June 21, 2016. The total amount of the transaction was worth $6,342,191, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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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