Fidelity National Information Services (NYSE:FIS) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Fidelity National Information Services (NYSE:FIS) had its price target lifted by investment analysts at Morgan Stanley from $80.00 to $87.00 in a report released on Tuesday, Benzinga reports. The firm currently has an “equal weight” rating on the information technology services provider’s stock. Morgan Stanley’s price objective suggests a potential downside of 3.12% from the company’s previous close.

A number of other equities analysts have also recently weighed in on FIS. Keefe, Bruyette & Woods upped their price objective 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. JPMorgan Chase & Co. upped their price target on shares of 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. Robert W. Baird raised their price target on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday. Susquehanna boosted their price objective on Fidelity National Information Services from $88.00 to $103.00 and gave the stock a “positive” rating in a research note on Tuesday. Finally, UBS Group raised their target price on Fidelity National Information Services from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Ten analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Fidelity National Information Services has a consensus rating of “Moderate Buy” and a consensus price target of $85.05.

Fidelity National Information Services Stock Performance

Shares of NYSE FIS opened at $89.80 on Tuesday. The company has a market capitalization of $48.99 billion, a PE ratio of 67.01, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.35 and a current ratio of 1.35. The company’s fifty day moving average price is $85.64 and its 200 day moving average price is $79.06. 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 issued its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. Fidelity National Information Services’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.94 earnings per share. On average, research analysts predict that Fidelity National Information Services will post 5.09 earnings per share for the current year.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 626 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was purchased at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the acquisition, the director now owns 10,397 shares of the company’s stock, valued at approximately $917,535.25. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Fidelity National Information Services

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Fidelity National Information Services by 19.1% in the first quarter. Vanguard Group Inc. now owns 68,658,572 shares of the information technology services provider’s stock valued at $5,093,093,000 after purchasing an additional 11,023,109 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Fidelity National Information Services by 5.0% in the second quarter. Dimensional Fund Advisors LP now owns 5,251,434 shares of the information technology services provider’s stock worth $395,729,000 after acquiring an additional 249,678 shares in the last quarter. Legal & General Group Plc increased its position in shares of Fidelity National Information Services by 1.6% during the second quarter. Legal & General Group Plc now owns 4,938,091 shares of the information technology services provider’s stock worth $372,135,000 after acquiring an additional 75,429 shares during the period. Boston Partners raised its stake in shares of Fidelity National Information Services by 642.7% in the first quarter. Boston Partners now owns 4,470,605 shares of the information technology services provider’s stock valued at $331,047,000 after acquiring an additional 3,868,683 shares in the last quarter. Finally, Raymond James & Associates boosted its holdings in Fidelity National Information Services by 449.8% in the third quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider’s stock valued at $343,693,000 after purchasing an additional 3,357,329 shares during the period. 96.23% of the stock is owned by institutional investors and hedge funds.

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.