Fidelity National Information Services (NYSE:FIS) PT Raised to $90.00

Fidelity National Information Services (NYSE:FIS) had its price objective hoisted by Jefferies Financial Group from $80.00 to $90.00 in a report released on Wednesday morning, Benzinga reports. The brokerage currently has a hold rating on the information technology services provider’s stock.

Several other equities research analysts have also recently weighed in on the company. Oppenheimer began coverage on Fidelity National Information Services in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock. Bank of America raised their price target on Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a research report on Tuesday, September 17th. JPMorgan Chase & Co. boosted their price objective on shares of Fidelity National Information Services from $85.00 to $89.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. UBS Group raised their target price on shares of Fidelity National Information Services from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Fidelity National Information Services from $85.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Ten investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $83.30.

Fidelity National Information Services Price Performance

NYSE:FIS opened at $90.95 on Wednesday. The company has a market capitalization of $50.59 billion, a P/E ratio of -8.89, a P/E/G ratio of 0.77 and a beta of 1.08. The business’s 50-day moving average is $83.14 and its 200 day moving average is $77.60. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.62. Fidelity National Information Services has a 12 month low of $46.91 and a 12 month high of $91.14.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 EPS for the quarter, beating the consensus estimate of $1.23 by $0.13. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The business had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same quarter last year, the business earned $1.55 earnings per share. Fidelity National Information Services’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities research analysts forecast that Fidelity National Information Services will post 5.08 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.58%. The ex-dividend date was Tuesday, September 10th. Fidelity National Information Services’s payout ratio is -14.08%.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 626 shares of the stock in a transaction on Tuesday, October 15th. The stock was bought at an average cost of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the purchase, the director now directly owns 10,397 shares in the company, valued at approximately $917,535.25. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.20% of the company’s stock.

Institutional Trading of Fidelity National Information Services

Several hedge funds and other institutional investors have recently made changes to their positions in FIS. Allspring Global Investments Holdings LLC raised its stake in Fidelity National Information Services by 6.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 28,208 shares of the information technology services provider’s stock valued at $2,362,000 after buying an additional 1,620 shares during the last quarter. Cyndeo Wealth Partners LLC purchased a new position in shares of Fidelity National Information Services in the 3rd quarter valued at approximately $276,000. Resonant Capital Advisors LLC acquired a new stake in Fidelity National Information Services in the 3rd quarter worth approximately $216,000. Raymond James & Associates grew its position in Fidelity National Information Services by 449.8% during the 3rd quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider’s stock worth $343,693,000 after purchasing an additional 3,357,329 shares during the last quarter. Finally, Aaron Wealth Advisors LLC acquired a new position in Fidelity National Information Services during the 3rd quarter valued at approximately $223,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

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.