SIG analyst James Friedman maintains $Fidelity National Information Services (FIS.US)$ with a buy rating, and adjusts the target price from $88 to $103.
According to TipRanks data, the analyst has a success rate of 55.3% and a total average return of 3.3% 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 strong underlying trends in the third quarter, with earnings outperformance consistently supported by Worldpay, although potential headwinds are anticipated next year due to increasing operating expenses. Valuation is considered fair, but it is suggested that there may be more favorable risk/reward opportunities within the Payments sector.
FIS has reported another solid quarter, characterized by an increase in Banking recurring revenue growth. The ongoing shift in the company's portfolio towards more recurring revenue over time continues to be viewed positively.
The company is on track with its execution, delivering solid third-quarter results that met expectations. Notable was the accelerated recurring growth in Banking, and temporary benefits were observed in earnings per share due to interest and operational expenditure timing in Worldpay.
Note:
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