Fidelity National Information Servcs (NYSE:FIS) had its price target increased by equities researchers at BMO Capital Markets to $118.00 in a report issued on Wednesday, The Fly reports. The firm presently has an “outperform” rating on the information technology services provider’s stock. BMO Capital Markets’ price objective would indicate a potential upside of 21.20% from the stock’s current price. The analysts noted that the move was a valuation call.
A number of other analysts also recently weighed in on the stock. Barclays raised their price target on shares of Fidelity National Information Servcs from $102.00 to $110.00 and gave the stock an “overweight” rating in a research report on Thursday, October 26th. Robert W. Baird reissued an “outperform” rating and set a $108.00 price target (up previously from $102.00) on shares of Fidelity National Information Servcs in a research report on Tuesday, October 10th. Cantor Fitzgerald reissued a “buy” rating and set a $108.00 price target on shares of Fidelity National Information Servcs in a research report on Sunday, November 12th. JPMorgan Chase & Co. downgraded shares of Fidelity National Information Servcs from an “overweight” rating to a “neutral” rating in a research report on Tuesday, December 12th. Finally, KeyCorp reissued a “buy” rating on shares of Fidelity National Information Servcs in a research report on Wednesday, November 1st. Five research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $102.27.
Fidelity National Information Servcs (NYSE FIS) traded up $1.64 on Wednesday, hitting $97.36. 569,065 shares of the stock were exchanged, compared to its average volume of 1,594,741. The stock has a market capitalization of $32,452.02, a price-to-earnings ratio of 59.86, a P/E/G ratio of 1.67 and a beta of 0.90. Fidelity National Information Servcs has a 12 month low of $77.63 and a 12 month high of $103.65. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.25 and a quick ratio of 1.25.
In other Fidelity National Information Servcs news, Director Stephan A. James sold 3,600 shares of Fidelity National Information Servcs stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $94.87, for a total value of $341,532.00. Following the completion of the transaction, the director now owns 29,498 shares of the company’s stock, valued at $2,798,475.26. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Gregory G. Montana sold 58,547 shares of Fidelity National Information Servcs stock in a transaction on Monday, November 13th. The stock was 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. In the last ninety days, insiders sold 79,147 shares of company stock valued at $7,366,481. 2.66% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in FIS. WFG Advisors LP boosted its holdings in Fidelity National Information Servcs by 99.8% in the second quarter. WFG Advisors LP now owns 1,187 shares of the information technology services provider’s stock worth $101,000 after purchasing an additional 593 shares during the period. BB&T Investment Services Inc. acquired a new position in Fidelity National Information Servcs in the second quarter worth $103,000. Calton & Associates Inc. acquired a new position in Fidelity National Information Servcs in the fourth quarter worth $123,000. Cerebellum GP LLC acquired a new position in Fidelity National Information Servcs in the fourth quarter worth $126,000. Finally, Rockefeller Financial Services Inc. acquired a new position in Fidelity National Information Servcs in the third quarter worth $128,000. 87.62% of the stock is owned by hedge funds and other institutional investors.
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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.
