A Hold rating has been maintained, after marginally decreasing the target price, by Zacks senior technology industry analyst Steve Biggs, CFA for financial services company Fidelity National Information Services (FIS). Here's his latest update:

'Fidelity National Information Services has been an active acquirer to drive growth, and we believe the eFunds acquisition will offer both top-line and cost synergies. Tempering this growth is a declining market for check services and a slowing mortgage market. Further, a strong pipeline of contracts - both domestic and international - will benefit the company. We, therefore, maintain our Hold rating on FIS with a six-month price target of $46.00.

'We are encouraged by FIS prospects given the broad offering of the combined company as well as the agreement to acquire EFD/eFunds. Although we believe that the company has the potential to grow at a healthy rate over the next few years, a declining check services market and a slowing mortgage market concern us.

'Moreover, given its growth through acquisition strategy, we expect the stock will trade at a discount to its peer group. As such, we maintain our Hold rating on FIS shares with a price target of $46.00. This represents a P/E multiple of 17.3x estimated 2008 EPS of $2.66, which is a discount to the industry mean.'