RBC Capital analyst Daniel Perlin maintains $Fidelity National Information Services (FIS.US)$ with a buy rating, and adjusts the target price from $95 to $104.
According to TipRanks data, the analyst has a success rate of 46.3% and a total average return of -2.5% over the past year.
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 exhibited 'healthy underlying trends' in the third quarter, with earnings outperformance still benefiting from Worldpay. However, there may be some challenges ahead next year as operating expenses increase. The current valuation is considered fair, but it is believed that there are more advantageous risk/reward opportunities available in the Payments sector.
FIS has recorded yet another robust quarter, underscored by an uptick in Banking recurring revenue growth. The sentiment towards the stock remains positive, with expectations that the portfolio will increasingly lean towards recurring revenue as time progresses.
The company is executing its strategy effectively, evidenced by robust third-quarter results that aligned with expectations. Noteworthy was the accelerated recurring growth in Banking, alongside transitory benefits that contributed to earnings per share, including interest and operational expenditure timing in Worldpay.
Note:
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