FIS - Fidelity National Information sum-of-the-parts value $95 to $120 a share - analyst

Fidelity National Information Services ( NYSE: FIS ) may be worth $95-$120 based on the sum-of-the-parts analysis, according to a Susquehanna analysis. Fidelity ticked up 1.4%.

The report comes after recent media sources discussing a potential spin off of the company's merchant payments unit and a sale of its capital markets business, Susquehanna analyst James Friedman, who has a positive rating and $100 price target on FIS, wrote in a note on Friday.

The analysis comes as Fidelity National ( FIS ) is in the midst of a strategic review, which the company may update Wall Street on when it reports its Q4 results on Wednesday. Bloomberg last Thursday reported that FIS is said to have laid off 2.6K employees , or ~2% of its total headcount, in recent weeks as part of its ongoing strategic review.

Last month there was speculation that Fidelity National ( FIS ) received interested from a strategic buyer looking to acquire all or some of the payments company, according to a Betaville "uncooked" alert.

A Baird analyst said last month that Fidelity National  ( FIS ) may be worth $85 to $105 a share in a potential takeover. Possible technology firms that could be interested include IBM ( IBM ), Accenture ( ACN ) and Oracle ( ORCL ).

The payment technology company in December announced it started a comprehensive review of its strategy, businesses, operations, and structure as part of a cooperation agreement with shareholder D.E. Shaw group.

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