Fidelity National Information Servcs (NYSE:FIS) was downgraded by stock analysts at J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating in a note issued to investors on Tuesday, MarketBeat Ratings reports.
Several other analysts also recently weighed in on the company. Barclays increased their target price on Fidelity National Information Servcs from $102.00 to $110.00 and gave the company an “overweight” rating in a research note on Thursday, October 26th. Robert W. Baird restated a “buy” rating and set a $102.00 target price on shares of Fidelity National Information Servcs in a research note on Friday, September 8th. BidaskClub upgraded Fidelity National Information Servcs from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 24th. Cantor Fitzgerald restated a “buy” rating and set a $108.00 target price on shares of Fidelity National Information Servcs in a research note on Sunday, November 12th. Finally, KeyCorp reaffirmed a “buy” rating on shares of Fidelity National Information Servcs in a report on Wednesday, November 1st. Five investment 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 stock. The company has an average rating of “Buy” and a consensus price target of $99.20.
Shares of Fidelity National Information Servcs (FIS) traded up $1.23 during trading hours on Tuesday, reaching $94.83. The company had a trading volume of 2,496,904 shares, compared to its average volume of 1,433,608. Fidelity National Information Servcs has a 1 year low of $75.40 and a 1 year high of $96.67. The company has a market cap of $31,660.71, a P/E ratio of 22.58, a price-to-earnings-growth ratio of 1.79 and a beta of 0.89. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.25 and a current ratio of 1.25.
In other news, EVP Gregory G. Montana sold 58,547 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $92.54, for a total value of $5,417,939.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James B. Stallings, Jr. sold 8,486 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $91.87, for a total value of $779,608.82. Following the completion of the transaction, the director now directly owns 12,317 shares of the company’s stock, valued at $1,131,562.79. The disclosure for this sale can be found here. Corporate insiders own 2.66% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of FIS. IFP Advisors Inc raised its holdings in shares of Fidelity National Information Servcs by 6.8% in the 2nd quarter. IFP Advisors Inc now owns 1,317 shares of the information technology services provider’s stock worth $112,000 after buying an additional 84 shares in the last quarter. Global X Management Co. LLC raised its holdings in shares of Fidelity National Information Servcs by 97.2% in the 2nd quarter. Global X Management Co. LLC now owns 9,514 shares of the information technology services provider’s stock worth $812,000 after buying an additional 4,689 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in shares of Fidelity National Information Servcs by 4.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 3,435 shares of the information technology services provider’s stock worth $293,000 after buying an additional 144 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Fidelity National Information Servcs by 77.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,439 shares of the information technology services provider’s stock worth $123,000 after buying an additional 626 shares in the last quarter. Finally, Pinnacle Financial Partners Inc. acquired a new position in shares of Fidelity National Information Servcs in the 2nd quarter worth approximately $190,000. 87.89% of the stock is owned by institutional investors and hedge funds.
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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.
