Fidelity National Information Services (NYSE:FIS) Given New $103.00 Price Target at Susquehanna

Fidelity National Information Services (NYSE:FIS) had its price objective boosted by Susquehanna from $88.00 to $103.00 in a research note published on Tuesday morning, Benzinga reports. They currently have a positive rating on the information technology services provider’s stock.

Several other equities analysts have also weighed in on FIS. JPMorgan Chase & Co. increased their price objective on Fidelity National Information Services from $85.00 to $89.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Oppenheimer started coverage on Fidelity National Information Services in a research note on Tuesday, October 1st. They set a “market perform” rating for the company. Barclays boosted their price objective on Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods increased their target price on shares of 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. Finally, Jefferies Financial Group boosted their price target on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Ten equities 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 company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $88.75.

Fidelity National Information Services Trading Down 3.5 %

Shares of Fidelity National Information Services stock opened at $86.57 on Tuesday. The stock has a fifty day moving average price of $85.75 and a 200-day moving average price of $79.17. 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 has a market cap of $47.23 billion, a PE ratio of 34.49, a P/E/G ratio of 0.79 and a beta of 1.06. Fidelity National Information Services has a 1 year low of $49.91 and a 1 year high of $91.98.

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

Fidelity National Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services’s dividend payout ratio is currently 57.37%.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein acquired 626 shares of the stock in a transaction dated Tuesday, October 15th. The shares were purchased at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the transaction, the director now owns 10,397 shares in the company, valued at $917,535.25. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Fidelity National Information Services by 19.1% during the first quarter. Vanguard Group Inc. now owns 68,658,572 shares of the information technology services provider’s stock worth $5,093,093,000 after purchasing an additional 11,023,109 shares during the last quarter. Boston Partners raised its holdings in shares of Fidelity National Information Services by 642.7% during the 1st quarter. Boston Partners now owns 4,470,605 shares of the information technology services provider’s stock valued at $331,047,000 after buying an additional 3,868,683 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Fidelity National Information Services by 982.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,895,432 shares of the information technology services provider’s stock worth $293,560,000 after buying an additional 3,535,596 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of Fidelity National Information Services by 449.8% in 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 acquiring an additional 3,357,329 shares during the last quarter. Finally, Mizuho Markets Americas LLC boosted its position in Fidelity National Information Services by 115.9% during the first quarter. Mizuho Markets Americas LLC now owns 3,748,200 shares of the information technology services provider’s stock valued at $278,041,000 after buying an additional 2,011,848 shares during the period. 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.