Fidelity National Info Received its Third Buy in a Row

After Barclays and Cantor Fitzgerald assigned a Buy rating to Fidelity National Info in the last month, the company received another Buy, this time from Oppenheimer. Analyst Glenn Greene assigned a Buy rating to Fidelity National Info (NYSE: FIS) today and set a price target of $85. The company’s shares opened today at $75.90.

According to TipRanks.com, Greene is a top 25 analyst with an average return of 18.6% and a 78.1% success rate. Greene covers the Technology sector, focusing on stocks such as Black Knight Financial Services, Automatic Data Processing, and Jack Henry & Associates.

Fidelity National Info has an analyst consensus of Strong Buy, with a price target consensus of $87.50.

Based on Fidelity National Info’s latest earnings report from June 30, the company posted quarterly revenue of $2.31B and quarterly net profit of $121M. In comparison, last year the company earned revenue of $1.58B and had a net profit of $175.2M.

Based on the recent corporate insider activity of 84 insiders, corporate insider sentiment is negative on the stock. Last month, Anthony Jabbour, a the Corporate EVP of FIS sold 145,000 shares for a total of $11,002,600.

Fidelity National Information Services, Inc. operates as a global provider of banking and payments technologies. It offers core banking solutions, outsourcing solutions for community banks, credit unions, and other financial institutions, item processing services, card issuer services, risk management solutions, EFT services, prepaid/gift card processing, as well as solutions for global organizations and for those domiciled outside of North America. It operates through the following segments: Integrated Financial Solutions, Global Financial Solutions, and Corporate and Other. The Integrated Financial Solutions segment focuses on serving the North American regional and community bank market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services, capitalizing on the continuing trend to outsource these solutions. The Global Financial Solutions segment serves the largest financial institutions around the globe with banking and payments solutions, as well as consulting and transformation services. The Corporate and Other segment consists of corporate overhead expense, certain leveraged functions and miscellaneous expenses that are not included in the operating segments. The company was founded in 1968 and is headquartered in Jacksonville, FL.