Fidelity National Information Services (NYSE:FIS) Given New $98.00 Price Target at Stephens

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

Other analysts have also issued research reports about the stock. UBS Group upped 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. Morgan Stanley lowered shares of 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 report on Monday, July 22nd. Keefe, Bruyette & Woods increased their price target on shares of Fidelity National Information Services from $85.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Bank of America increased their price target on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a report on Tuesday, September 17th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. 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 stock. According to MarketBeat.com, Fidelity National Information Services currently has an average rating of “Moderate Buy” and a consensus price target of $83.30.

Fidelity National Information Services Stock Performance

Fidelity National Information Services stock opened at $90.96 on Friday. The firm’s 50 day simple moving average is $83.14 and its 200 day simple moving average is $77.58. 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 firm has a market capitalization of $50.60 billion, a PE ratio of -8.89, a price-to-earnings-growth ratio of 0.77 and a beta of 1.08. Fidelity National Information Services has a 1-year low of $46.91 and a 1-year high of $91.14.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.13. The business had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 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 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.55 EPS. As a group, analysts expect that Fidelity National Information Services will post 5.08 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

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

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 626 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was bought at an average cost of $88.25 per share, with a total value of $55,244.50. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Linden Thomas Advisory Services LLC purchased a new position in Fidelity National Information Services during the 2nd quarter valued at about $1,253,000. SG Americas Securities LLC raised its holdings in Fidelity National Information Services by 572.2% in the second quarter. SG Americas Securities LLC now owns 222,601 shares of the information technology services provider’s stock worth $16,775,000 after buying an additional 189,484 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Fidelity National Information Services by 1.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 812,874 shares of the information technology services provider’s stock worth $60,300,000 after buying an additional 11,655 shares during the last quarter. Mizuho Markets Americas LLC raised its holdings in Fidelity National Information Services by 115.9% in the first quarter. Mizuho Markets Americas LLC now owns 3,748,200 shares of the information technology services provider’s stock worth $278,041,000 after buying an additional 2,011,848 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Fidelity National Information Services by 17.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 709,433 shares of the information technology services provider’s stock worth $52,626,000 after buying an additional 106,725 shares during the last quarter. 96.23% of the stock is owned by hedge funds and other 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.