Fidelity National Information Servcs (NYSE:FIS) had its price target boosted by equities research analysts at Robert W. Baird from $108.00 to $115.00 in a report released on Wednesday. The firm currently has an “outperform” rating on the information technology services provider’s stock. Robert W. Baird’s target price would suggest a potential upside of 11.78% from the stock’s current price.
Several other research analysts have also issued reports on the stock. Barclays reiterated a “buy” rating and issued a $115.00 price target on shares of Fidelity National Information Servcs in a research note on Friday, January 5th. JPMorgan Chase & Co. lowered shares of Fidelity National Information Servcs from an “overweight” rating to a “neutral” rating in a research note on Tuesday, December 12th. Cantor Fitzgerald reiterated a “buy” rating and issued a $108.00 price target on shares of Fidelity National Information Servcs in a research note on Sunday, December 3rd. KeyCorp reiterated a “buy” rating on shares of Fidelity National Information Servcs in a research note on Wednesday, November 1st. Finally, Oppenheimer increased their price target on shares of Fidelity National Information Servcs from $96.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 1st. Five equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $100.00.
Shares of Fidelity National Information Servcs (FIS) traded up $1.38 on Wednesday, reaching $102.88. 1,387,899 shares of the company’s stock traded hands, compared to its average volume of 1,390,000. The stock has a market cap of $34,350.00, a PE ratio of 63.90, a P/E/G ratio of 1.74 and a beta of 0.88. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.87. Fidelity National Information Servcs has a fifty-two week low of $75.52 and a fifty-two week high of $103.07.
Fidelity National Information Servcs (NYSE:FIS) last issued its quarterly earnings data on Tuesday, October 31st. The information technology services provider reported $1.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.12. Fidelity National Information Servcs had a net margin of 5.82% and a return on equity of 14.05%. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same period in the prior year, the business earned $1.00 EPS. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. analysts predict that Fidelity National Information Servcs will post 4.41 earnings per share for the current fiscal year.
In other Fidelity National Information Servcs news, Director David K. Hunt sold 17,000 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $94.53, for a total transaction of $1,607,010.00. Following the completion of the sale, the director now directly owns 19,154 shares in the company, valued at approximately $1,810,627.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Gregory G. Montana sold 58,547 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $92.54, for a total transaction of $5,417,939.38. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 87,633 shares of company stock valued at $8,146,090. 2.66% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in FIS. WFG Advisors LP increased its stake in Fidelity National Information Servcs by 99.8% during the 2nd quarter. WFG Advisors LP now owns 1,187 shares of the information technology services provider’s stock valued at $101,000 after purchasing an additional 593 shares in the last quarter. BB&T Investment Services Inc. bought a new stake in Fidelity National Information Servcs during the 2nd quarter valued at about $103,000. Cerebellum GP LLC bought a new stake in Fidelity National Information Servcs during the 4th quarter valued at about $126,000. Rockefeller Financial Services Inc. purchased a new stake in shares of Fidelity National Information Servcs during the 3rd quarter valued at about $128,000. Finally, Balentine LLC boosted its holdings in shares of Fidelity National Information Servcs by 32.2% during the 2nd quarter. Balentine LLC now owns 1,567 shares of the information technology services provider’s stock valued at $134,000 after acquiring an additional 382 shares during the last quarter. Institutional investors and hedge funds own 87.74% of the company’s stock.
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Fidelity National Information Servcs Company Profile
Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other. The IFS segment is focused on serving the North American regional and community bank and savings institutions market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services.