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New Buy Rating for Fidelity National Info (FIS), the Technology Giant


Cantor Fitzgerald analyst Joseph Foresi maintained a Buy rating on Fidelity National Info (FIS) today and set a price target of $122. The company’s shares opened today at $108.42, close to its 52-week high of $110.83.

Foresi commented:

“: We continue our Foresi’s Fundamentals & Charts series, in which we look at our coverage universe periodically for an opportunity in names where the Fundamentals match up with the Technicals. We look this week at Overweight-rated FIS with a 12-month price target of $122. Fundamentally, 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. Technically, FIS is looking to break out to the upside.”

According to TipRanks.com, Foresi is a top 25 analyst with an average return of 17.2% and a 76.3% 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 $118.57.

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The company has a one-year high of $110.83 and a one-year low of $92.12. Currently, Fidelity National Info has an average volume of 1.41M.

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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.