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Topeka Capital Starts Fidelity National Information Services (FIS) at Hold

November 21, 2014 6:44 AM EST
Get Alerts FIS Hot Sheet
Price: $73.46 +1.60%

Rating Summary:
    26 Buy, 16 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 6 | Down: 3 | New: 1
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Topeka Capital initiated coverage on Fidelity National Information Services (NYSE: FIS) with a Hold rating and a price target of $61.00.

Analyst John T. Williams said, "Following a strong multi-year run, we view the shares as fully valued and believe FX headwinds, flat consensus expectations, cyclically peaking organic growth, and a still-mixed core processing spending backdrop will limit further near-term share price upside. Our forecasts call for mid-single digit revenue growth and low-teens EPS growth over the next three years. For 4Q 2014, we expect constant currency revenue slightly below Consensus (FX-adjusted revenue 2% below) and a $0.01 EPS miss. For 2015, we are 1%/3% below Consensus/FX-adjusted revenue and $0.01 below on EPS."

For an analyst ratings summary and ratings history on Fidelity National Information Services click here. For more ratings news on Fidelity National Information Services click here.

Shares of Fidelity National Information Services closed at $59.70 yesterday.



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