On Nov 06, major Wall Street analysts update their ratings for $Fidelity National Information Services (FIS.US)$, with price targets ranging from $94 to $103.
J.P. Morgan analyst Tien Tsin Huang maintains with a buy rating, and adjusts the target price from $89 to $99.
UBS analyst Timothy Chiodo maintains with a hold rating, and adjusts the target price from $80 to $94.
Mizuho Securities analyst Dan Dolev maintains with a buy rating.
Seaport Global analyst Jeff Cantwell maintains with a hold rating.
SIG analyst James Friedman maintains with a buy rating, and adjusts the target price from $88 to $103.
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, complemented by earnings outperformance aided by Worldpay. However, there may be future challenges as operating expenses are expected to increase. Valuation is perceived as reasonable, but it is suggested that there may be more advantageous risk/reward opportunities in the Payments sector.
FIS has performed well thus far this year. However, there is a belief that the stock may experience a decline to the lower $80s in the upcoming months, ahead of the 2025 guidance in February, due to investor concerns regarding the future.
The company is enhancing a highly recurring and durable business model, effectively managing investor expectations. Notably, the Banking segment exhibited 6% recurring revenue growth, with the Capital Markets segment also showing approximately 6% growth. Overall growth was bolstered by robust license sales.
FIS has reported another robust quarter, characterized by an acceleration in Banking recurring revenue growth. The outlook for the stock remains positive, with expectations that the portfolio will increasingly shift towards recurring revenue over time.
The company is on track with its execution, evidenced by robust third-quarter results that met expectations; growth was notably seen in Banking recurring revenues, and there was an EPS benefit from temporary gains related to interest and operational expenditure timing in Worldpay.
Here are the latest investment ratings and price targets for $Fidelity National Information Services (FIS.US)$ from 5 analysts:
Note:
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