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New Buy Rating for Fidelity National Info (FIS), the Technology Giant

Tipranks - Tipranks - Fri Jun 19, 7:43AM CDT

In a report released on June 15, Jason Kupferberg from Wells Fargo maintained a Buy rating on Fidelity National Info, with a price target of $67.00. The company’s shares closed yesterday at $38.97.

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According to TipRanks, Kupferberg is an analyst with an average return of -8.8% and a 42.30% success rate. Kupferberg covers the Technology sector, focusing on stocks such as Automatic Data Processing, Globant SA, and Block.

In addition to Wells Fargo, Fidelity National Info also received a Buy from Wolfe Research’s Darrin Peller in a report issued on June 14. However, on June 10, Bernstein assigned a Hold rating to Fidelity National Info (NYSE: FIS).

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Based on Fidelity National Info’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.3 billion and a net profit of $2.37 billion. In comparison, last year the company earned a revenue of $2.53 billion and had a net profit of $77 million

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