Fidelity National Information Services (NYSE:FIS) Stock Rating Lowered by Raymond James

Fidelity National Information Services (NYSE:FIS) was downgraded by stock analysts at Raymond James from a “strong-buy” rating to an “outperform” rating in a research note issued on Monday, MarketBeat reports. They currently have a $101.00 price target on the information technology services provider’s stock, down from their prior price target of $115.00. Raymond James’ price objective indicates a potential upside of 27.67% from the stock’s current price.

FIS has been the topic of several other reports. Mizuho lifted their target price on Fidelity National Information Services from $91.00 to $104.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. BNP Paribas cut Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 20th. Bank of America boosted 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 research report on Tuesday, September 17th. Morgan Stanley increased their price objective on shares of Fidelity National Information Services from $87.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. Finally, UBS Group upped their price target on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $92.19.

Fidelity National Information Services Stock Up 0.1 %

Shares of NYSE:FIS opened at $79.11 on Monday. Fidelity National Information Services has a 52-week low of $58.24 and a 52-week high of $91.98. The company has a market capitalization of $42.59 billion, a PE ratio of 31.52, a price-to-earnings-growth ratio of 0.72 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. The company has a fifty day moving average of $84.69 and a 200-day moving average of $82.15.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.11. The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.94 earnings per share. On average, equities analysts predict that Fidelity National Information Services will post 5.18 EPS for the current fiscal year.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $87.97, for a total transaction of $994,500.85. Following the transaction, the executive vice president now directly owns 32,199 shares of the company’s stock, valued at approximately $2,832,546.03. This trade represents a 25.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jeffrey A. Goldstein acquired 626 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was acquired at an average cost of $88.25 per share, with a total value of $55,244.50. Following the purchase, the director now directly owns 10,397 shares in the company, valued at $917,535.25. This represents a 6.41 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its position in shares of 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 purchasing an additional 3,535,596 shares during the period. Raymond James & Associates raised its position 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 in the last quarter. Jupiter Asset Management Ltd. purchased a new position in shares of Fidelity National Information Services in the 2nd quarter valued at approximately $83,562,000. Nordea Investment Management AB grew its stake in Fidelity National Information Services by 1,304.8% in the fourth quarter. Nordea Investment Management AB now owns 605,237 shares of the information technology services provider’s stock worth $48,927,000 after purchasing an additional 562,154 shares during the period. Finally, Zurich Insurance Group Ltd FI bought a new position in Fidelity National Information Services in the second quarter worth $40,029,000. Institutional investors own 96.23% of the company’s stock.

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.