Goldman Sachs Downgrades Fidelity National Information Services to Neutral

Brokerage firm Goldman Sachs Downgrades its rating on Fidelity National Information Services(FIS). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by the stock financial advisor at Goldman Sachs was issued on Mar 28, 2017 in a research report to their Investors and Clients.

In a different note, On Feb 8, 2017, Credit Suisse said it Upgrades its rating on Fidelity National Information Services. The shares have been rated ‘Outperform’ by the firm.

Fidelity National Information Services (FIS) made into the market gainers list on Fridays trading session with the shares advancing 0.38% or 0.3 points. Due to strong positive momentum, the stock ended at $80.12, which is also near the day’s high of $80.38. The stock began the session at $79.9 and the volume stood at 11,88,863 shares. The 52-week high of the shares is $83.86 and the 52 week low is $61.95. The company has a current market capitalization of $26,342 M and it has 32,87,80,510 shares in outstanding.

Fidelity National Information Services(FIS) last announced its earnings results on Feb 7, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $2.460B. Analysts had an estimated revenue of $2.480B. Earnings per share were $1.14. Analysts had estimated an EPS of $1.14.

Several Insider Transactions has been reported to the SEC. On Mar 22, 2017, Frank R Martire (director) sold 93,849 shares at $81.28 per share price.Also, On Mar 17, 2017, Richard N Massey (director) sold 15,282 shares at $81.94 per share price.On Mar 15, 2017, Kathleen T Thompson (CSVP, Chief Accounting Officer) sold 3,200 shares at $82.21 per share price, according to the Form-4 filing with the securities and exchange commission.

Fidelity National Information Services Inc. is a provider of banking and payments technology consulting and outsourcing solutions. The Company operates through four segments: Financial Solutions Group provides services and software to satisfy the processing technology and outsourcing needs of its financial institution clients in North America. Payment Solutions Group provides services and software for the electronic funds transfer card processing item processing bill payment and government payments processing needs of its clients in North America. International Solutions Group offers banking applications channel solutions debit/credit/and prepaid card and merchant services wealth management services item processing and check risk management solutions to financial institutions card issuers commercial enterprises and government operations. Corporate and Other consists of the corporate overhead and costs of leveraged functions that are not allocated to operating segments.

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