Jefferies Financial Group Increases Fidelity National Information Services (NYSE:FIS) Price Target to $90.00

Fidelity National Information Services (NYSE:FIS) had its price objective upped by investment analysts at Jefferies Financial Group from $80.00 to $90.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a “hold” rating on the information technology services provider’s stock. Jefferies Financial Group’s target price would suggest a potential upside of 0.54% from the company’s current price.

FIS has been the subject of a number of other research reports. JPMorgan Chase & Co. lifted their target price on shares of Fidelity National Information Services from $85.00 to $89.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. Morgan Stanley downgraded Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price target for the company. in a research note on Monday, July 22nd. TD Cowen boosted their price target on shares of Fidelity National Information Services from $75.00 to $78.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Royal Bank of Canada upped their price target on Fidelity National Information Services from $93.00 to $95.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Finally, Bank of America lifted their price objective 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 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $82.05.

Fidelity National Information Services Stock Up 0.5 %

Shares of FIS stock traded up $0.47 on Wednesday, hitting $89.52. 1,248,323 shares of the stock were exchanged, compared to its average volume of 3,794,814. The business has a 50-day moving average of $82.34 and a 200 day moving average of $77.27. Fidelity National Information Services has a fifty-two week low of $46.91 and a fifty-two week high of $89.84. The firm has a market capitalization of $49.80 billion, a P/E ratio of -8.77, a price-to-earnings-growth ratio of 0.77 and a beta of 1.08. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.62.

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 for the quarter, beating analysts’ consensus estimates of $1.23 by $0.13. The firm had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.49 billion. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.55 EPS. Equities analysts anticipate that Fidelity National Information Services will post 5.08 EPS for the current year.

Hedge Funds Weigh In On Fidelity National Information Services

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Fidelity National Information Services by 19.1% in the 1st quarter. Vanguard Group Inc. now owns 68,658,572 shares of the information technology services provider’s stock worth $5,093,093,000 after buying an additional 11,023,109 shares during the period. Boston Partners boosted its stake in shares of Fidelity National Information Services by 642.7% in the first quarter. Boston Partners now owns 4,470,605 shares of the information technology services provider’s stock worth $331,047,000 after acquiring an additional 3,868,683 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Fidelity National Information Services by 982.6% during the second quarter. The Manufacturers Life Insurance Company now owns 3,895,432 shares of the information technology services provider’s stock worth $293,560,000 after purchasing an additional 3,535,596 shares in the last quarter. Mizuho Markets Americas LLC lifted its holdings in Fidelity National Information Services by 115.9% in the 1st quarter. Mizuho Markets Americas LLC now owns 3,748,200 shares of the information technology services provider’s stock worth $278,041,000 after purchasing an additional 2,011,848 shares in the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new stake in Fidelity National Information Services during the 2nd quarter valued at approximately $83,562,000. 96.23% of the stock is currently owned by institutional investors.

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.