Bard Financial Services Inc. recently announced that they have acquired a new position in shares of Fidelity National Information Services, Inc. ($FIS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,940 shares of the information technology services provider’s stock, valued at approximately $946,000.
This announcement has gained significant attention from several equities analysts who have been tracking Fidelity National Information Services. According to reports, Royal Bank of Canada has dropped their price objective on Fidelity National Information Services from $93.00 to $81.00 and set an “outperform” rating on the stock in a report on Tuesday February 14th.
Additionally, Mizuho lowered their price target on Fidelity National Information Services from $90.00 to $78.00 and set a “buy” rating on the stock in a report that was released later on February 21st while Wells Fargo & Company has lowered its price target all the way down to $65.00 and apparently does not see significant upside potential or value for shareholders within this company.
Citigroup has also downgraded shares of Fidelity National Information Services from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $85.00 to $70.00 in a research report dating back to February 14th.it seems like another blow for the company when Barclays reduces their price objective previously set at $68 down to $58 in March.
Moreover, two investment analysts have rated the stock as being unattractive with additional ten analysts having given it a hold rating while eleven other analysts highly recommended holding onto these assets or buying up more if possible; one of whom even had labeled FIS as “a strong buy investment.”
While FIS Stock opened at only about half it’s its previous peak value of $106.65 on Tuesday, with an astonishing height of $54.09, the company has managed to maintain a positive standing from its financial reports despite several criticisms form equities analysts that have put the public opinion on this stock in the red zone.
While opinions of FIS vary among industry insiders, it is highly encouraged that eager investors continue conducting additional research and seek professional guidance before making any significant commitments into this variety stocks.
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