On Nov 05, major Wall Street analysts update their ratings for $Fidelity National Information Services (FIS.US)$, with price targets ranging from $94 to $104.
Barclays analyst Ramsey El Assal maintains with a buy rating, and maintains the target price at $98.
Mizuho Securities analyst Dan Dolev maintains with a buy rating.
Baird analyst David Koning maintains with a hold rating, and adjusts the target price from $92 to $94.
KeyBanc analyst Alex Markgraff maintains with a hold rating.
RBC Capital analyst Daniel Perlin maintains with a buy rating, and adjusts the target price from $95 to $104.
Furthermore, according to the comprehensive report, the opinions of $Fidelity National Information Services (FIS.US)$'s main analysts recently are as follows:
Banking and Capital Markets displayed robust underlying trends in the third quarter, with earnings outperformance still benefitting from contributions by Worldpay. However, potential challenges are anticipated in the upcoming year due to rising operational expenses. The valuation is considered fair, but it is believed that there are more advantageous risk/reward opportunities within the Payments sector.
FIS has reported another robust quarter, characterized by an acceleration in Banking recurring revenue growth. The outlook remains positive, with expectations that the portfolio will increasingly shift towards recurring revenue over time.
The company is performing as expected, presenting solid third-quarter results without any unexpected developments. The growth was fueled by an uptick in Banking recurring revenue, and temporary advantages contributed to earnings per share improvements, courtesy of interest and operational expenditure timing in Worldpay.
The firm acknowledged that FIS experienced a positive third quarter outcome and anticipates an increase in 2024 EPS guidance, primarily due to WP contribution and interest expenses. However, there is a note of caution as potential EPS headwinds may arise in the forthcoming quarters.
Here are the latest investment ratings and price targets for $Fidelity National Information Services (FIS.US)$ from 6 analysts:
Note:
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