Are Fidelity Nat’l Info (FIS) Shares a ‘Buy’ Now? JP Morgan Has Upgraded The Stock


Fidelity Nat’l Info (FIS) Stock Upgrade

In a very recent research note announced on 2 December, JP Morgan hiked shares of Fidelity Nat’l Info (FIS) to a solid Overweight rating from their previous Neutral rating.

From a total of 16 analysts covering Fidelity Nat’l Info (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 20.11% above today’s ($64.94) stock price. Fidelity Nat’l Info was the topic of 4 analyst reports since August 13, 2015 according to the firm StockzIntelligence Inc. Goldman Sachs reinitiated shares on December 1 with “Neutral” rating. RBC Capital Markets maintained FIS stock in a recent report from August 20 with “Sector Perform” rating.

Approximately 3.69M shares of stock traded hands or 73.24% up from the average. Fidelity National Information Services (FIS) has risen 0.53% since April 29, 2015 and is uptrending. It has outperformed by 0.73% the S&P500.

 Are Fidelity Nat'l Info (FIS) Shares a ‘Buy’ Now? JP Morgan Has Upgraded The Stock

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 $18.33 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 25.18 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).