Fidelity National Information Services’ (FIS) “Outperform” Rating Reaffirmed at Royal Bank of Canada

Fidelity National Information Services (NYSE:FIS)‘s stock had its “outperform” rating reaffirmed by Royal Bank of Canada in a research report issued on Wednesday,Benzinga reports. They presently have a $104.00 target price on the information technology services provider’s stock. Royal Bank of Canada’s target price would suggest a potential upside of 32.13% from the stock’s previous close.

FIS has been the topic of several other reports. Jefferies Financial Group increased their target price on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. Raymond James downgraded Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the stock from $115.00 to $101.00 in a research report on Monday, January 6th. Mizuho lifted their target price on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Compass Point began coverage on Fidelity National Information Services in a report on Wednesday, November 20th. They set a “buy” rating and a $126.00 target price on the stock. Finally, Susquehanna lifted their price target on Fidelity National Information Services from $88.00 to $103.00 and gave the company a “positive” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $92.00.

Fidelity National Information Services Stock Performance

NYSE:FIS traded down $0.20 during trading hours on Wednesday, reaching $78.71. The company had a trading volume of 571,233 shares, compared to its average volume of 2,311,760. Fidelity National Information Services has a 52 week low of $59.90 and a 52 week high of $91.98. The firm has a market cap of $42.37 billion, a price-to-earnings ratio of 31.38, a PEG ratio of 0.60 and a beta of 1.04. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63. The firm’s 50 day moving average price is $82.75 and its 200-day moving average price is $82.39.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the previous year, the firm posted $0.94 EPS. The business’s quarterly revenue was up 3.1% on a year-over-year basis. On average, analysts forecast that Fidelity National Information Services will post 5.18 EPS for the current year.

Insider Activity

In related news, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $87.97, for a total transaction of $994,500.85. Following the sale, the executive vice president now owns 32,199 shares of the company’s stock, valued at approximately $2,832,546.03. This trade represents a 25.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey A. Goldstein acquired 701 shares of the stock in a transaction on Wednesday, January 15th. The shares were acquired at an average price of $79.97 per share, with a total value of $56,058.97. Following the transaction, the director now directly owns 11,098 shares of the company’s stock, valued at $887,507.06. The trade was a 6.74 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Information Services

Hedge funds and other institutional investors have recently bought and sold shares of the company. Pacer Advisors Inc. raised its position in Fidelity National Information Services by 6.4% during the fourth quarter. Pacer Advisors Inc. now owns 43,057 shares of the information technology services provider’s stock valued at $3,478,000 after acquiring an additional 2,599 shares in the last quarter. Cornerstone Wealth Group LLC lifted its holdings in Fidelity National Information Services by 1.8% in the fourth quarter. Cornerstone Wealth Group LLC now owns 66,317 shares of the information technology services provider’s stock valued at $5,356,000 after acquiring an additional 1,182 shares during the last quarter. KBC Group NV increased its position in shares of Fidelity National Information Services by 1,390.5% during the fourth quarter. KBC Group NV now owns 1,180,258 shares of the information technology services provider’s stock valued at $95,330,000 after acquiring an additional 1,101,072 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Fidelity National Information Services by 32.6% during the fourth quarter. Blue Trust Inc. now owns 7,042 shares of the information technology services provider’s stock worth $590,000 after purchasing an additional 1,730 shares in the last quarter. Finally, PFG Investments LLC boosted its stake in shares of Fidelity National Information Services by 18.1% in the 4th quarter. PFG Investments LLC now owns 3,998 shares of the information technology services provider’s stock valued at $323,000 after buying an additional 613 shares during the period. Hedge funds and other institutional investors own 96.23% of the company’s stock.

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.