In a report issued on October 26, Sean Horgan from Rosenblatt Securities maintained a Buy rating on Fidelity National Info (FIS), with a price target of $155.00. The company’s shares closed last Friday at $148.28, close to its 52-week high of $158.21.
According to TipRanks.com, Horgan is a 3-star analyst with an average return of 6.8% and a 70.0% success rate. Horgan covers the Technology sector, focusing on stocks such as Tradeweb Markets, Paypal Holdings, and Global Payments.
Fidelity National Info has an analyst consensus of Strong Buy, with a price target consensus of $163.79, a 10.1% upside from current levels. In a report issued on October 20, J.P. Morgan 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 $91.82B and has a P/E ratio of -1446.60. The company has a Price to Book ratio of -4.37.
Based on the recent corporate insider activity of 112 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FIS in relation to earlier this year. Most recently, in September 2020, Keith Hughes, a Director at FIS sold 5,000 shares for a total of $756,950.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
