Wells Fargo Initiates Coverage of Fidelity National Information Services (LSE:0ILW) with Equal-Weight Recommendation

Fintel reports that on January 14, 2025, Wells Fargo initiated coverage of Fidelity National Information Services (LSE:0ILW) with a Equal-Weight recommendation.

Analyst Price Forecast Suggests 21.02% Upside

As of December 23, 2024, the average one-year price target for Fidelity National Information Services is 94.17 GBX/share. The forecasts range from a low of 52.74 GBX to a high of 130.35 GBX. The average price target represents an increase of 21.02% from its latest reported closing price of 77.81 GBX / share.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Fidelity National Information Services is 15,811MM, an increase of 57.62%. The projected annual non-GAAP EPS is 7.10.

What is the Fund Sentiment?

There are 1,875 funds or institutions reporting positions in Fidelity National Information Services. This is an increase of 42 owner(s) or 2.29% in the last quarter. Average portfolio weight of all funds dedicated to 0ILW is 0.38%, an increase of 2.18%. Total shares owned by institutions increased in the last three months by 0.11% to 644,396K shares.

What are Other Shareholders Doing?

GB:0ILW / Fidelity National Information Services, Inc. Shares Held by Institutions

Dodge & Cox holds 41,073K shares representing 7.63% ownership of the company. In its prior filing, the firm reported owning 41,435K shares , representing a decrease of 0.88%. The firm increased its portfolio allocation in 0ILW by 3.80% over the last quarter.

Capital Research Global Investors holds 28,350K shares representing 5.27% ownership of the company. In its prior filing, the firm reported owning 28,231K shares , representing an increase of 0.42%. The firm increased its portfolio allocation in 0ILW by 5.71% over the last quarter.

DODGX - Dodge & Cox Stock Fund holds 27,726K shares representing 5.15% ownership of the company. No change in the last quarter.

Jpmorgan Chase holds 21,484K shares representing 3.99% ownership of the company. In its prior filing, the firm reported owning 16,354K shares , representing an increase of 23.88%. The firm increased its portfolio allocation in 0ILW by 1,421.59% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 17,269K shares representing 3.21% ownership of the company. In its prior filing, the firm reported owning 17,588K shares , representing a decrease of 1.85%. The firm increased its portfolio allocation in 0ILW by 2.49% over the last quarter.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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