Barclays Maintains Fidelity National Information Services to Overweight with Price Target $96.00

Brokerage firm Barclays Maintains its rating on Fidelity National Information Services(NYSE:FIS). In a research note issued to the investors, the brokerage major Raises the price-target to $96.00 per share. The shares have been rated Overweight. The rating by Barclays was issued on Sep 26, 2016.

In a different note, Wedbush said it Initiates Coverage on Fidelity National Information Services, according to a research note issued on Sep 9, 2016. The shares have been rated ‘Outperform’ by the firm. On Jul 27, 2016, Barclays said it Maintains its rating on Fidelity National Information Services. In the research note, the firm Raises the price-target to $83.00 per share. The shares have been rated ‘Overweight’ by the firm. On Jul 27, 2016, Citigroup said it Maintains its rating on Fidelity National Information Services. In the research note, the firm Raises the price-target to $79.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 27, 2016, JP Morgan said it Maintains its rating on Fidelity National Information Services. In the research note, the firm Raises the price-target to $79.00 per share. The shares have been rated ‘Overweight’ by the firm.

Fidelity National Information Services (FIS) made into the market gainers list on Thursdays trading session with the shares advancing 0.52% or 0.4 points. Due to strong positive momentum, the stock ended at $77.52, which is also near the day’s high of $77.89. The stock began the session at $77.73 and the volume stood at 13,70,889 shares. The 52-week high of the shares is $81.67 and the 52 week low is $55.105. The company has a current market capitalization of $25,413 M and it has 32,78,25,460 shares in outstanding.

Fidelity National Information Services(FIS) last announced its earnings results on Jul 26, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $2.36B. Analysts had an estimated revenue of $2.33B. Earnings per share were $0.90. Analysts had estimated an EPS of $0.87.

Several Insider Transactions has been reported to the SEC. On Sep 16, 2016, Anthony M Jabbour (Corp EVP – COO) sold 145,000 shares at $75.89 per share price.Also, 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.

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