Fidelity National Information Services (NYSE:FIS) PT Raised to $98.00 at Barclays

Fidelity National Information Services (NYSE:FIS) had its target price increased by Barclays from $90.00 to $98.00 in a report published on Thursday, Benzinga reports. Barclays currently has an overweight rating on the information technology services provider’s stock.

Several other research firms have also weighed in on FIS. UBS Group boosted their target price on Fidelity National Information Services from $78.00 to $80.00 and gave the stock a neutral rating in a report on Wednesday, August 7th. Susquehanna boosted their target price on Fidelity National Information Services from $86.00 to $88.00 and gave the stock a positive rating in a report on Wednesday, August 7th. Morgan Stanley downgraded Fidelity National Information Services from an overweight rating to an equal weight rating and set a $79.00 price target on the stock. in a research report on Monday, July 22nd. JPMorgan Chase & Co. lifted their price target on Fidelity National Information Services from $85.00 to $89.00 and gave the stock an overweight rating in a research report on Tuesday, August 20th. Finally, Keefe, Bruyette & Woods lifted their price target on Fidelity National Information Services from $85.00 to $88.00 and gave the stock an outperform rating in a research report on Wednesday, August 7th. Ten research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $81.65.

Fidelity National Information Services Stock Up 0.6 %

NYSE FIS traded up $0.55 during trading on Thursday, reaching $87.04. 116,354 shares of the company’s stock were exchanged, compared to its average volume of 3,808,186. Fidelity National Information Services has a fifty-two week low of $46.91 and a fifty-two week high of $87.24. The firm has a market capitalization of $47.49 billion, a PE ratio of 64.54, a P/E/G ratio of 0.77 and a beta of 1.08. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.62. The company’s fifty day simple moving average is $81.54 and its 200-day simple moving average is $76.91.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.13. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The firm had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same period last year, the company posted $1.55 EPS. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. Sell-side analysts predict that Fidelity National Information Services will post 5.08 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th were issued a $0.36 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $1.44 annualized dividend and a dividend yield of 1.65%. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 107.46%.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein acquired 719 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was acquired at an average cost of $76.81 per share, for a total transaction of $55,226.39. Following the completion of the acquisition, the director now owns 9,771 shares in the company, valued at $750,510.51. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Rise Advisors LLC acquired a new position in Fidelity National Information Services during the first quarter valued at approximately $29,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of Fidelity National Information Services during the 2nd quarter worth approximately $30,000. EdgeRock Capital LLC bought a new position in shares of Fidelity National Information Services during the 2nd quarter worth approximately $35,000. Family Firm Inc. bought a new position in shares of Fidelity National Information Services during the 2nd quarter worth approximately $35,000. Finally, Palisade Asset Management LLC bought a new position in shares of Fidelity National Information Services during the 1st quarter worth approximately $37,000. 96.23% of the stock is currently owned by institutional investors.

Fidelity National Information Services Company Profile

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.