Fidelity National Information Services (NYSE:FIS) Price Target Raised to $94.00

Fidelity National Information Services (NYSE:FIS) had its target price hoisted by equities researchers at UBS Group from $80.00 to $94.00 in a report issued on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the information technology services provider’s stock. UBS Group’s price target suggests a potential upside of 7.79% from the stock’s current price.

A number of other equities research analysts have also issued reports on FIS. Mizuho lifted their target price on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the company an “outperform” rating in a research note on Tuesday. Keefe, Bruyette & Woods raised their price objective on shares of Fidelity National Information Services from $97.00 to $102.00 and gave the stock an “outperform” rating in a report on Tuesday. Royal Bank of Canada increased their price target on shares of Fidelity National Information Services from $95.00 to $104.00 and gave the company an “outperform” rating in a research note on Tuesday. Oppenheimer began coverage on shares of Fidelity National Information Services in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock. Finally, Susquehanna raised their price objective on shares of Fidelity National Information Services from $88.00 to $103.00 and gave the stock a “positive” rating in a report on Tuesday. Ten research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $88.35.

Fidelity National Information Services Stock Down 2.8 %

NYSE FIS traded down $2.49 during trading hours on Tuesday, hitting $87.21. The company had a trading volume of 2,086,369 shares, compared to its average volume of 3,740,396. Fidelity National Information Services has a fifty-two week low of $49.91 and a fifty-two week high of $91.98. The company has a market capitalization of $47.58 billion, a price-to-earnings ratio of 65.08, a P/E/G ratio of 0.79 and a beta of 1.06. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.35 and a quick ratio of 1.35. The firm’s 50 day moving average is $85.64 and its 200 day moving average is $79.06.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.56 billion. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. Fidelity National Information Services’s revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the company posted $0.94 earnings per share. Sell-side analysts anticipate that Fidelity National Information Services will post 5.09 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Jeffrey A. Goldstein purchased 626 shares of the stock in a transaction on Tuesday, October 15th. The stock was bought at an average price of $88.25 per share, with a total value of $55,244.50. Following the transaction, the director now owns 10,397 shares in the company, valued at $917,535.25. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Information Services

Several large investors have recently bought and sold shares of FIS. Kennebec Savings Bank acquired a new position in Fidelity National Information Services in the third quarter valued at approximately $28,000. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Fidelity National Information Services during the second quarter worth $30,000. EdgeRock Capital LLC purchased a new stake in shares of Fidelity National Information Services during the second quarter worth $35,000. Family Firm Inc. purchased a new stake in shares of Fidelity National Information Services during the second quarter worth $35,000. Finally, Concord Wealth Partners increased its holdings in Fidelity National Information Services by 50.2% in the third quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock valued at $37,000 after buying an additional 146 shares during the last quarter. 96.23% of the stock is currently owned by hedge funds and other 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.