In a report released yesterday, Joseph Foresi from Cantor Fitzgerald maintained a Buy rating on Fidelity National Info (FIS), with a price target of $122. The company’s shares closed yesterday at $106.55.
Foresi wrote:
“: We maintain our Overweight rating and our 12-month PT of $122 on FIS. We believe the company has the opportunity to accelerate revenue growth, improve margins, and deleverage, which should have a positive impact on results and multiples. We continue to like FIS’s high visibility and recurring revenue business, which produces a steady stream of mid-single-digit annual revenue growth, which could be accelerated through taking market share, a better selling environment, and margin expansion.”
According to TipRanks.com, Foresi is a top 25 analyst with an average return of 19.4% and a 83.9% success rate. Foresi covers the Technology sector, focusing on stocks such as Jack Henry & Associates, DXC Technology Company, and Exlservice Holdings.
Fidelity National Info has an analyst consensus of Strong Buy, with a price target consensus of $122.67, implying a 15.1% upside from current levels. In a report released yesterday, Oppenheimer also maintained a Buy rating on the stock with a $118 price target.
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The company has a one-year high of $110.83 and a one-year low of $93.71. Currently, Fidelity National Info has an average volume of 1.51M.
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock.
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Fidelity National Information Services, Inc. is a financial services technology company, which focuses on retail and institutional banking, payments, asset and wealth management, risk and compliance, consulting and outsourcing solutions.
