Fidelity National Info (FIS) Receives a Buy from Robert W. Baird


In a report released yesterday, David Koning from Robert W. Baird maintained a Buy rating on Fidelity National Info (FIS), with a price target of $154.00. The company’s shares closed last Thursday at $140.70.

According to TipRanks.com, Koning is a top 100 analyst with an average return of 20.0% and a 82.7% success rate. Koning covers the Technology sector, focusing on stocks such as Sykes Enterprises, Global Payments, and Fiserv.

Currently, the analyst consensus on Fidelity National Info is a Strong Buy with an average price target of $160.81, implying a 16.2% upside from current levels. In a report issued on February 9, Mizuho Securities also maintained a Buy rating on the stock with a $170.00 price target.

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Fidelity National Info’s market cap is currently $86.61B and has a P/E ratio of 680.90. The company has a Price to Book ratio of -4.03.

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Fidelity National Information Services, Inc. engages in the business of technology, solutions and services for merchants, banks and capital markets businesses. It operates through the following segments: Merchant, Banking, and Capital Markets. The Merchant segment is focused on serving merchants of all sizes globally, enabling them to accept electronic payments, including credit, debit and prepaid payments originated at a physical point of sale as well as in card-not-present environments such as eCommerce and mobile. The Banking segment is focused on serving all sizes of financial institutions for core processing and ancillary applications solutions; digital solutions; fraud, risk management and compliance solutions; electronic funds transfer and network services; payment; wealth and retirement; item processing and output services solutions. The Capital Markets segment is focused on serving global financial services clients with array of buy- and sell-side solutions. The company was founded in 1968 and is headquartered in Jacksonville, FL.

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