Fidelity National Information Services' Banking, Capital Markets Growth Drive Optimism, Analysts Say

Benzinga · Nov 6 03:27

On Monday,Fidelity National Information Services, Inc(NYSE:FIS) reported third-quarter revenue of $2.57 billion, up 3% year over year, topping the analyst consensus of $2.56 billion. Adjusted EPS of $1.40 beat the analyst consensus of $1.29.

The company expects fiscal 2024 revenue of $10.14 billion – $10.17 billion (prior $10.12 billion – $10.17 billion) and adjusted EPS of $5.15 – $5.20 (prior $5.03 – $5.11).

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Multiple analysts rerated the stock after the print. RBC Capital analyst Daniel Perlin maintained Fidelity National Info with an Outperform and raised the price target from $95 to $104.

KeyBanc analyst Alex Markgraff remained Sector Weight on Fidelity National Info. Goldman...

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Fidelity National Information Services' Banking, Capital Markets Growth Drive Optimism, Analysts Say

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