Seaport Global analyst Jeff Cantwell maintains $Fidelity National Information Services (FIS.US)$ with a hold rating.
According to TipRanks data, the analyst has a success rate of 59.8% and a total average return of 7.8% 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 displayed robust underlying trends in the third quarter, with earnings outperformance being supported by Worldpay. However, potential headwinds could arise in the following year as operational expenditures increase. Current valuation is deemed reasonable, yet more advantageous risk/reward propositions may exist within the Payments sector.
FIS delivered another robust quarter, characterized by an uptick in Banking recurring revenue growth. The sentiment on the stock remains positive with expectations that the portfolio will increasingly gravitate towards recurring revenue as time progresses.
The company is performing as expected, delivering robust third-quarter results without any unexpected events. Growth acceleration in Banking recurring revenues contributed to the upside, along with temporary benefits that aided earnings per share due to interest and operational expenditure timing in Worldpay.
Note:
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