Fidelity National Information Services (NYSE:FIS) Price Target Raised to $94.00

Fidelity National Information Services (NYSE:FIS) had its price objective hoisted by research analysts at Robert W. Baird from $92.00 to $94.00 in a report released on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the information technology services provider’s stock. Robert W. Baird’s price target indicates a potential upside of 8.78% from the company’s previous close.

A number of other research analysts have also recently weighed in on the stock. Bank of America raised their price objective on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a research note on Tuesday, September 17th. Morgan Stanley cut shares of Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price objective for the company. in a research note on Monday, July 22nd. Susquehanna lifted their target price on shares of Fidelity National Information Services from $88.00 to $103.00 and gave the stock a “positive” rating in a research note on Tuesday. Keefe, Bruyette & Woods lifted their target price on shares of Fidelity National Information Services from $85.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Ten research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $88.75.

Fidelity National Information Services Price Performance

FIS stock opened at $86.41 on Tuesday. The firm has a 50 day moving average of $85.85 and a 200-day moving average of $79.22. Fidelity National Information Services has a 12-month low of $49.91 and a 12-month high of $91.98. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.62. The company has a market cap of $47.14 billion, a price-to-earnings ratio of 34.43, a PEG ratio of 0.79 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The business had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same period last year, the company posted $0.94 EPS. The company’s revenue was up 3.1% on a year-over-year basis. As a group, equities analysts expect that Fidelity National Information Services will post 5.09 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein acquired 626 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were purchased at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the acquisition, the director now directly owns 10,397 shares of the company’s stock, valued at $917,535.25. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Fidelity National Information Services

Hedge funds and other institutional investors have recently modified their holdings of the stock. Linden Thomas Advisory Services LLC bought a new stake in shares of Fidelity National Information Services in the 2nd quarter worth about $1,253,000. CENTRAL TRUST Co increased its position in shares of Fidelity National Information Services by 757.9% in the 3rd quarter. CENTRAL TRUST Co now owns 11,831 shares of the information technology services provider’s stock worth $991,000 after purchasing an additional 10,452 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Fidelity National Information Services by 572.2% in the 2nd quarter. SG Americas Securities LLC now owns 222,601 shares of the information technology services provider’s stock worth $16,775,000 after purchasing an additional 189,484 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Fidelity National Information Services by 1.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 812,874 shares of the information technology services provider’s stock valued at $60,300,000 after buying an additional 11,655 shares during the last quarter. Finally, Mizuho Markets Americas LLC grew its position in shares of Fidelity National Information Services by 115.9% during the 1st quarter. Mizuho Markets Americas LLC now owns 3,748,200 shares of the information technology services provider’s stock valued at $278,041,000 after buying an additional 2,011,848 shares during the last quarter. Institutional investors own 96.23% of the company’s stock.

About Fidelity National Information Services

Fidelity National Information Services, Inc engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions.