Analyst Dan Dolev from Mizuho Securities maintained a Buy rating on Fidelity National Info (FIS – Research Report) and keeping the price target at $76.00.
Dan Dolev has given his Buy rating due to a combination of factors that demonstrate Fidelity National Info’s solid financial performance and growth prospects. The company reported strong first quarter results, with revenue growth that not only gained momentum from the previous quarter but also landed at the higher end of the forecast for its Banking segment and within expectations for its Capital Markets segment. This indicates a robust and accelerating business operation that is likely to appeal to investors.
Furthermore, despite maintaining conservative outlooks for full-year revenue and EBITDA, management’s upward revision of EPS guidance—primarily due to lower interest and tax expenses—suggests an improved profitability scenario for the company. Although this EPS increase may not be fully valued by the market due to its non-operational nature, the overall financial health of Fidelity National Info, coupled with its consistent performance, underpins Dolev’s Buy recommendation.
In another report released yesterday, Barclays also maintained a Buy rating on the stock with a $83.00 price target.
FIS’s price has also changed moderately for the past six months – from $51.720 to $70.450, which is a 36.21% increase.
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Fidelity National Info (FIS) Company Description:
Incorporated in 1968, Florida-based Fidelity National Information Services, Inc. operates as a financial services technology company in the United States and internationally. It operates through three segments: Merchant Solutions, Banking Solutions, and Capital Market Solutions.
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