Fidelity National Information Services (NYSE:FIS) Price Target Raised to $94.00

Fidelity National Information Services (NYSE:FIS) had its price objective boosted by Robert W. Baird from $92.00 to $94.00 in a report published on Tuesday,Benzinga reports. The firm currently has a neutral rating on the information technology services provider’s stock.

Other analysts have also recently issued research reports about the stock. Susquehanna upped their target price on shares of Fidelity National Information Services from $88.00 to $103.00 and gave the company a “positive” rating in a research report on Tuesday. Bank of America increased their target price on Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a research note on Tuesday, September 17th. Keefe, Bruyette & Woods lifted their price target on Fidelity National Information Services from $85.00 to $88.00 and gave the company an “outperform” rating in a research note 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 objective on the stock. in a research report on Monday, July 22nd. Finally, Royal Bank of Canada raised their target price on shares of Fidelity National Information Services from $93.00 to $95.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Ten 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. According to data from MarketBeat.com, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.75.

Fidelity National Information Services Price Performance

Fidelity National Information Services stock traded up $1.28 on Tuesday, reaching $87.96. The company’s stock had a trading volume of 84,297 shares, compared to its average volume of 3,764,243. The business’s fifty day moving average price is $85.85 and its 200 day moving average price is $79.22. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.35 and a current ratio of 1.18. The company has a market cap of $47.99 billion, a price-to-earnings ratio of 34.53, a PEG ratio of 0.80 and a beta of 1.06. Fidelity National Information Services has a twelve month low of $51.57 and a twelve month 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 for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. The business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.56 billion. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. Fidelity National Information Services’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.94 earnings per share. Equities analysts expect that Fidelity National Information Services will post 5.08 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.64%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services’s payout ratio is 57.37%.

Insider Activity

In related news, Director Jeffrey A. Goldstein purchased 626 shares of the stock in a transaction dated 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 acquisition, the director now owns 10,397 shares of the company’s stock, valued at approximately $917,535.25. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Fidelity National Information Services

Several hedge funds have recently added to or reduced their stakes in FIS. Kennebec Savings Bank bought a new position in shares of Fidelity National Information Services during the third quarter valued at $28,000. University of Texas Texas AM Investment Management Co. bought a new position in Fidelity National Information Services during the 2nd quarter worth $30,000. EdgeRock Capital LLC acquired a new position in Fidelity National Information Services during the 2nd quarter worth about $35,000. Family Firm Inc. bought a new stake in shares of Fidelity National Information Services in the 2nd quarter valued at about $35,000. Finally, Concord Wealth Partners increased its stake in shares of Fidelity National Information Services by 50.2% in the third quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock valued at $37,000 after buying an additional 146 shares during the period. 96.23% of the stock is currently owned by institutional investors and hedge funds.

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.