RBC Capital Maintains a Buy Rating on Fidelity National Info (FIS)

RBC Capital analyst Daniel Perlin maintained a Buy rating on Fidelity National Info (FISResearch Report) on October 19 and set a price target of $172.00. The company’s shares closed last Tuesday at $140.70.

According to TipRanks.com, Perlin is a top 100 analyst with an average return of 22.3% and a 76.0% success rate. Perlin covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Bottomline Technologies, and Jack Henry & Associates.

Currently, the analyst consensus on Fidelity National Info is a Strong Buy with an average price target of $165.76, representing a 18.3% upside. In a report issued on October 8, Credit Suisse also maintained a Buy rating on the stock with a $160.00 price target.

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The company has a one-year high of $158.21 and a one-year low of $91.68. Currently, Fidelity National Info has an average volume of 3.03M.

Based on the recent corporate insider activity of 115 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FIS in relation to earlier this year. Last month, Keith Hughes, a Director at FIS sold 5,000 shares for a total of $756,950.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Fidelity National Information Services, Inc. engages in the business of technology, solutions and services for merchants, banks and capital markets businesses. It operates through the following segments: Merchant, Banking, and Capital Markets. The Merchant segment is focused on serving merchants of all sizes globally, enabling them to accept electronic payments, including credit, debit and prepaid payments originated at a physical point of sale as well as in card-not-present environments such as eCommerce and mobile. The Banking segment is focused on serving all sizes of financial institutions for core processing and ancillary applications solutions; digital solutions; fraud, risk management and compliance solutions; electronic funds transfer and network services; payment; wealth and retirement; item processing and output services solutions. The Capital Markets segment is focused on serving global financial services clients with array of buy- and sell-side solutions. The company was founded in 1968 and is headquartered in Jacksonville, FL.