Fintel reports that on July 6, 2023, Wolfe Research reiterated coverage of Fidelity National Information Services (NYSE:FIS) with a Peer Perform recommendation.
Analyst Price Forecast Suggests 30.12% Upside
As of July 6, 2023, the average one-year price target for Fidelity National Information Services is 76.89. The forecasts range from a low of 53.53 to a high of $175.35. The average price target represents an increase of 30.12% from its latest reported closing price of 59.09.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Fidelity National Information Services is 15,229MM, an increase of 4.70%. The projected annual non-GAAP EPS is 6.82.
What is the Fund Sentiment?
There are 2034 funds or institutions reporting positions in Fidelity National Information Services. This is a decrease of 58 owner(s) or 2.77% in the last quarter. Average portfolio weight of all funds dedicated to FIS is 0.37%, an increase of 0.03%. Total shares owned by institutions increased in the last three months by 9.92% to 737,586K shares. 
The put/call ratio of FIS is 0.43, indicating a bullish outlook.
What are Other Shareholders Doing?
SMCWX - SMALLCAP WORLD FUND INC holds 31,938K shares representing 5.39% ownership of the company. No change in the last quarter.
NEWFX - NEW WORLD FUND INC holds 28,670K shares representing 4.84% ownership of the company. No change in the last quarter.
Capital International Investors holds 28,460K shares representing 4.80% ownership of the company. In it's prior filing, the firm reported owning 26,108K shares, representing an increase of 8.26%. The firm decreased its portfolio allocation in FIS by 16.37% over the last quarter.
IEMG - iShares Core MSCI Emerging Markets ETF holds 28,384K shares representing 4.79% ownership of the company. In it's prior filing, the firm reported owning 1,669K shares, representing an increase of 94.12%. The firm decreased its portfolio allocation in FIS by 91.46% over the last quarter.
Dodge & Cox holds 27,494K shares representing 4.64% ownership of the company. In it's prior filing, the firm reported owning 26,221K shares, representing an increase of 4.63%. The firm decreased its portfolio allocation in FIS by 16.57% over the last quarter.
Fidelity National Information Services Background Information
(This description is provided by the company.)
FIS is a leading provider of technology solutions for merchants, banks and capital markets firms globally. Its employees are dedicated to advancing the way the world pays, banks and invests by applying its scale, deep expertise and data-driven insights. The Company helps its clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in Jacksonville, Florida, FIS is a Fortune 500® company and is a member of Standard & Poor's 500® Index.
Additional reading:
- FIS Accelerates Path to Create Two Highly Focused Independent Companies; Announces Agreement for GTCR to Acquire Majority Stake in Worldpay at $18.5 Billion Valuation FIS to retain 45% ownership in Worldpay GTCR committed to invest up to $1.25 billio
- ACCELERATING OUR PATH FORWARD TO CREATE TWO HIGHLY FOCUSED COMPANIES July 6, 2023
- ACCELERATING OUR PATH FORWARD TO CREATE TWO HIGHLY FOCUSED COMPANIES Investor FAQ
- Form of Stock Option Grant under Fidelity National Information Services, Inc. amended and restated 2022 Omnibus Incentive Plan for grants made beginning in March 2023.
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.
