Fidelity National Information Services (FIS) has seen a rise in share value by 24% in Q1, despite broader market dips. Its stock was a top performer, backed by strong Q1 earnings and raised revenue. Nevertheless, some shareholders exited the scene, selling their holdings, such as US Bancorp DE and Corient Private Wealth LLC. Zacks Research had increased Q2 2024 EPS estimates for the company, as FIS abandoned a Worldpay spin.
JPMorgan upped the price target to $83.00, reflecting the bullish trend. While some expressed concern over FIS's pricing, others have found the stock undervalued. FIS also announced positive Q1 2024 earnings, beating estimates, and introduced a favorable 2024 outlook. The company has upped the game with a new mobile banking app and has a focused business strategy for higher gains. Despite a history of losses for some long-term investors, FIS's dividend attractiveness and potential future forward expectations make it a desirable portfolio addition. A data breach incident has, however, impacted some large bank customers.
Fidelity National Information Services FIS News Analytics from Tue, 15 Aug 2023 07:00:00 GMT to Thu, 30 May 2024 13:05:58 GMT -
Rating 5
- Innovation 0
- Information 4
- Rumor -3
