Fidelity National Information Services (NYSE:FIS) Price Target Raised to $73.00

Fidelity National Information Services (NYSE:FIS) had its price objective hoisted by stock analysts at Deutsche Bank Aktiengesellschaft from $70.00 to $73.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “hold” rating on the information technology services provider’s stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential downside of 5.16% from the stock’s previous close.

Several other equities analysts also recently commented on the company. Wedbush reiterated an “outperform” rating and issued a $75.00 target price on shares of Fidelity National Information Services in a research report on Wednesday, May 8th. Royal Bank of Canada raised their price objective on shares of Fidelity National Information Services from $93.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday. Susquehanna boosted their target price on shares of Fidelity National Information Services from $86.00 to $88.00 and gave the stock a “positive” rating in a report on Wednesday. TD Cowen raised their price target on shares of Fidelity National Information Services from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, May 8th. Finally, Evercore ISI boosted their price objective on shares of Fidelity National Information Services from $75.00 to $80.00 and gave the stock an “in-line” rating in a research note on Tuesday, May 7th. Ten analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Fidelity National Information Services presently has an average rating of “Moderate Buy” and a consensus price target of $80.05.

Fidelity National Information Services Price Performance

Shares of NYSE FIS traded up $0.43 during trading hours on Wednesday, hitting $76.97. 2,642,976 shares of the stock were exchanged, compared to its average volume of 4,132,858. Fidelity National Information Services has a 1-year low of $46.91 and a 1-year high of $78.73. The company has a market cap of $42.81 billion, a PE ratio of -7.58, a price-to-earnings-growth ratio of 0.77 and a beta of 1.06. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.52 and a current ratio of 1.52. The company’s fifty day simple moving average is $75.70 and its two-hundred day simple moving average is $71.62.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.13. The firm had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.49 billion. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.55 earnings per share. On average, sell-side analysts predict that Fidelity National Information Services will post 4.94 EPS for the current year.

Insider Activity

In related news, Director Jeffrey A. Goldstein bought 719 shares of the stock in a transaction dated Monday, July 15th. The stock was bought at an average price of $76.81 per share, with a total value of $55,226.39. Following the purchase, the director now owns 9,771 shares in the company, valued at approximately $750,510.51. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Information Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new position in shares of Fidelity National Information Services in the fourth quarter valued at about $2,461,000. Prime Capital Investment Advisors LLC bought a new position in shares of Fidelity National Information Services in the fourth quarter worth approximately $278,000. DekaBank Deutsche Girozentrale lifted its stake in Fidelity National Information Services by 10.1% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 178,231 shares of the information technology services provider’s stock valued at $10,723,000 after acquiring an additional 16,337 shares during the period. Sequoia Financial Advisors LLC bought a new stake in shares of Fidelity National Information Services in the fourth quarter worth $1,244,000. Finally, Kendall Capital Management increased its position in Fidelity National Information Services by 27.4% in the fourth quarter. Kendall Capital Management now owns 10,830 shares of the information technology services provider’s stock worth $651,000 after buying an additional 2,330 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Company Profile

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.