Fidelity National Information Services (NYSE:FIS) Stock Price Expected to Rise, Mizuho Analyst Says

Fidelity National Information Services (NYSE:FIS) had its price objective hoisted by Mizuho from $91.00 to $104.00 in a report issued on Tuesday,Benzinga reports. Mizuho currently has an outperform rating on the information technology services provider’s stock.

A number of other analysts have also recently weighed in on FIS. JPMorgan Chase & Co. boosted their price target on Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a research report on Tuesday. Oppenheimer began coverage on shares of Fidelity National Information Services in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock. UBS Group raised their target price on Fidelity National Information Services from $78.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Finally, Bank of America increased their target price on Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a report on Tuesday, September 17th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $89.68.

Fidelity National Information Services Stock Up 1.6 %

FIS stock traded up $1.39 during midday trading on Tuesday, reaching $88.07. The company had a trading volume of 3,113,264 shares, compared to its average volume of 3,778,201. The company has a 50 day moving average of $86.07 and a two-hundred day moving average of $79.39. The company has a current ratio of 1.18, a quick ratio of 1.35 and a debt-to-equity ratio of 0.63. Fidelity National Information Services has a 1 year low of $51.57 and a 1 year high of $91.98. The company has a market capitalization of $48.05 billion, a P/E ratio of 35.10, a PEG ratio of 0.80 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter last year, the firm earned $0.94 earnings per share. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, equities research analysts expect that Fidelity National Information Services will post 5.08 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be paid a $0.36 dividend. The ex-dividend date is Monday, December 9th. This represents a $1.44 annualized dividend and a dividend yield of 1.64%. Fidelity National Information Services’s payout ratio is 57.37%.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein acquired 626 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was acquired at an average cost of $88.25 per share, for a total transaction of $55,244.50. Following the transaction, the director now directly owns 10,397 shares in the company, valued at $917,535.25. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Cadence Bank raised its holdings in Fidelity National Information Services by 1.9% during the 1st quarter. Cadence Bank now owns 7,145 shares of the information technology services provider’s stock worth $530,000 after purchasing an additional 132 shares during the last quarter. Graypoint LLC boosted its position in Fidelity National Information Services by 4.6% during the third quarter. Graypoint LLC now owns 3,026 shares of the information technology services provider’s stock valued at $253,000 after acquiring an additional 132 shares during the last quarter. Atomi Financial Group Inc. raised its position in shares of Fidelity National Information Services by 3.4% in the 3rd quarter. Atomi Financial Group Inc. now owns 4,162 shares of the information technology services provider’s stock worth $349,000 after acquiring an additional 135 shares in the last quarter. Aptus Capital Advisors LLC grew its stake in Fidelity National Information Services by 3.9% during the third quarter. Aptus Capital Advisors LLC now owns 3,679 shares of the information technology services provider’s stock worth $308,000 after purchasing an additional 137 shares during the period. Finally, Manchester Capital Management LLC lifted its stake in Fidelity National Information Services by 6.8% in the first quarter. Manchester Capital Management LLC now owns 2,233 shares of the information technology services provider’s stock valued at $166,000 after buying an additional 143 shares during the period. Institutional investors own 96.23% of the company’s stock.

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.