Fidelity National Information Servcs (NYSE:FIS) Price Target Increased to $135.00 by Analysts at Oppenheimer

Fidelity National Information Servcs (NYSE:FIS) had its price objective lifted by equities research analysts at Oppenheimer from $125.00 to $135.00 in a research report issued on Wednesday, The Fly reports. The brokerage currently has an “outperform” rating on the information technology services provider’s stock. Oppenheimer’s price target suggests a potential upside of 11.50% from the company’s current price.

FIS has been the subject of several other reports. Moffett Nathanson assumed coverage on Fidelity National Information Servcs in a research report on Tuesday, May 21st. They issued a “buy” rating and a $147.00 price objective for the company. Keefe, Bruyette & Woods assumed coverage on Fidelity National Information Servcs in a research report on Monday, April 8th. They issued an “outperform” rating and a $136.00 price objective for the company. Wells Fargo & Co increased their price objective on Fidelity National Information Servcs from $117.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. Cantor Fitzgerald reissued a “buy” rating and issued a $122.00 price objective on shares of Fidelity National Information Servcs in a research report on Tuesday, April 2nd. Finally, Susquehanna Bancshares assumed coverage on Fidelity National Information Servcs in a research report on Friday, May 31st. They issued a “positive” rating and a $140.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $132.50.

FIS stock traded down $0.61 during midday trading on Wednesday, hitting $121.08. 96,312 shares of the company traded hands, compared to its average volume of 2,981,417. Fidelity National Information Servcs has a twelve month low of $94.53 and a twelve month high of $123.28. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.86. The company has a market cap of $39.66 billion, a PE ratio of 23.16, a price-to-earnings-growth ratio of 1.37 and a beta of 0.65.

Fidelity National Information Servcs (NYSE:FIS) last announced its quarterly earnings results on Tuesday, April 30th. The information technology services provider reported $1.64 EPS for the quarter, beating the consensus estimate of $1.57 by $0.07. Fidelity National Information Servcs had a return on equity of 18.68% and a net margin of 9.66%. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter last year, the company posted $1.09 earnings per share. The company’s revenue for the quarter was down .4% compared to the same quarter last year. As a group, equities analysts expect that Fidelity National Information Servcs will post 7.46 EPS for the current fiscal year.

In other Fidelity National Information Servcs news, Director James B. Stallings, Jr. sold 1,240 shares of Fidelity National Information Servcs stock in a transaction on Monday, June 10th. The stock was sold at an average price of $122.55, for a total transaction of $151,962.00. Following the completion of the transaction, the director now directly owns 8,370 shares of the company’s stock, valued at $1,025,743.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Alexandar Navab, Jr. acquired 5,075 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were bought at an average cost of $107.22 per share, with a total value of $544,141.50. Following the completion of the acquisition, the director now owns 5,075 shares of the company’s stock, valued at approximately $544,141.50. The disclosure for this purchase can be found here. 1.43% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of FIS. Accident Compensation Corp increased its stake in shares of Fidelity National Information Servcs by 306.1% in the first quarter. Accident Compensation Corp now owns 13,400 shares of the information technology services provider’s stock valued at $1,516,000 after buying an additional 10,100 shares in the last quarter. Cerebellum GP LLC increased its position in Fidelity National Information Servcs by 7,434.8% in the first quarter. Cerebellum GP LLC now owns 1,733 shares of the information technology services provider’s stock worth $196,000 after purchasing an additional 1,710 shares during the period. Allstate Corp increased its position in Fidelity National Information Servcs by 0.6% in the first quarter. Allstate Corp now owns 41,570 shares of the information technology services provider’s stock worth $4,702,000 after purchasing an additional 253 shares during the period. Advisory Services Network LLC increased its position in Fidelity National Information Servcs by 2,778.3% in the first quarter. Advisory Services Network LLC now owns 7,426 shares of the information technology services provider’s stock worth $840,000 after purchasing an additional 7,168 shares during the period. Finally, OTA Financial Group L.P. acquired a new stake in Fidelity National Information Servcs in the first quarter worth about $2,308,000. 92.67% of the stock is owned by institutional investors.

Fidelity National Information Servcs Company Profile

Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through Integrated Financial Solutions and Global Financial Solutions segments. The Integrated Financial Solutions segment offers core processing and ancillary applications; digital solutions, including Internet, mobile, and e-banking; fraud, risk management, and compliance solutions; electronic funds transfer and network services; card and retail solutions; corporate liquidity and wealth management services; item processing and output services; government payments solutions; and e-payment solutions.

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