Fidelity National Information Services (NYSE:FIS) Has Been Upgraded Today by JP Morgan to a “Overweight”


Fidelity National Information Services (NYSE:FIS) Stock Upgrade

JP Morgan increased shares of Fidelity National Information Services (NYSE:FIS) to a solid “Overweight” rating from the previous “Neutral”. This change in rating was sent to clients and investors in analysts note today.

From a total of 16 analysts covering Fidelity National Information Services (NYSE:FIS) stock, 11 rate it a ”Buy”, 0 a “Sell”, and 6 a ”Hold”. This means that 65% of the ratings are positive. The highest target price is $85 while the lowest target price is $63. The mean of all analyst targets is $76.13 with a 22.52% above today’s ($64.48) stock price. Fidelity National Information Services was the topic of 11 analyst reports since August 7, 2015 according to the firm StockzIntelligence Inc. Goldman Sachs reinitiated shares on December 1 with “Neutral” rating. JP Morgan maintained shares with “Neutral” rating and $70 target share price in a report from an August 14. Cowen & Co initiated FIS stock in a recent report from September 30 with “Outperform” rating. Oppenheimer maintained the rating on August 13. Oppenheimer has a “Outperform” rating and a $80 price target on shares. Finally, RBC Capital Markets upgraded the stock to “Outperform” rating in a report issued on an August 26.

The stock increased 1.27% or $0.81 during the last trading session, striking $64.48. Approximately 41,086 shares of stock traded hands. Fidelity National Information Services (NYSE:FIS) has risen 0.53% since April 29, 2015 and is uptrending. It has outperformed by 0.73% the S&P500.

Fidelity National Information Services, Inc. is a well-known provider of banking and payments technology, consulting and outsourcing solutions. The company has a market cap of $18.26 billion. The Firm operates through four divisions: Financial Solutions Group provides services and software to satisfy the processing, technology, and outsourcing needs of its financial institution clients in North America. It has 25.01 P/E ratio. 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.

According to Zacks Investment Research, “Certegy Inc. provides credit, debit and merchant card processing, e-banking, check risk management and check cashing services to financial institutions and merchants worldwide.” Get a free copy of the Zacks research report on Fidelity National Information Services (FIS).