Fidelity National Information Services (NYSE:FIS) Price Target Lowered to $102.00 at Morgan Stanley

Fidelity National Information Services (NYSE:FISGet Rating) had its target price cut by Morgan Stanley from $114.00 to $102.00 in a report released on Tuesday, Stock Target Advisor reports. They currently have an equal weight rating on the information technology services provider’s stock.

Several other equities analysts have also commented on FIS. Mizuho lowered their target price on Fidelity National Information Services from $150.00 to $135.00 and set a buy rating for the company in a report on Wednesday, February 23rd. KeyCorp lowered their target price on Fidelity National Information Services from $150.00 to $135.00 and set an overweight rating for the company in a report on Monday, March 28th. The Goldman Sachs Group assumed coverage on Fidelity National Information Services in a research report on Tuesday, May 17th. They set a buy rating and a $128.00 price objective for the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Fidelity National Information Services from $155.00 to $116.00 in a research report on Wednesday, April 20th. Finally, Evercore ISI upgraded Fidelity National Information Services from an in-line rating to an outperform rating and boosted their price objective for the stock from $115.00 to $135.00 in a research report on Monday, June 13th. Three research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $135.61.

Shares of Fidelity National Information Services stock opened at $92.93 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.30. The firm has a market cap of $56.76 billion, a P/E ratio of 62.79, a P/E/G ratio of 0.94 and a beta of 0.69. Fidelity National Information Services has a fifty-two week low of $85.00 and a fifty-two week high of $152.20. The business has a 50-day moving average price of $99.18 and a 200 day moving average price of $102.95.

Fidelity National Information Services (NYSE:FISGet Rating) last posted its earnings results on Tuesday, May 3rd. The information technology services provider reported $1.47 EPS for the quarter, beating the consensus estimate of $1.46 by $0.01. The company had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.44 billion. Fidelity National Information Services had a return on equity of 8.76% and a net margin of 6.43%. The business’s revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.30 earnings per share. As a group, equities research analysts anticipate that Fidelity National Information Services will post 7.31 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 24th. Stockholders of record on Friday, June 10th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, June 9th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.02%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 127.03%.

Several large investors have recently made changes to their positions in FIS. Norges Bank acquired a new stake in shares of Fidelity National Information Services during the 4th quarter valued at $562,481,000. Steadfast Capital Management LP raised its stake in Fidelity National Information Services by 11,686.3% during the 1st quarter. Steadfast Capital Management LP now owns 4,055,900 shares of the information technology services provider’s stock valued at $407,293,000 after purchasing an additional 4,021,488 shares during the period. Capital International Investors raised its stake in Fidelity National Information Services by 12.3% during the 4th quarter. Capital International Investors now owns 34,213,281 shares of the information technology services provider’s stock valued at $3,734,671,000 after purchasing an additional 3,742,833 shares during the period. Boston Partners raised its stake in Fidelity National Information Services by 80.1% during the 4th quarter. Boston Partners now owns 7,031,348 shares of the information technology services provider’s stock valued at $768,182,000 after purchasing an additional 3,127,602 shares during the period. Finally, Wellington Management Group LLP raised its stake in Fidelity National Information Services by 14.3% during the 1st quarter. Wellington Management Group LLP now owns 24,642,600 shares of the information technology services provider’s stock valued at $2,474,610,000 after purchasing an additional 3,075,338 shares during the period. Institutional investors own 89.51% of the company’s stock.

Fidelity National Information Services Company Profile (Get Rating)

Fidelity National Information Services, Inc provides technology solutions for merchants, banks, and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions, and Capital Market Solutions segments. The Merchant Solutions segment offers enterprise acquiring, software-led small- to medium-sized businesses acquiring, and global e-commerce solutions.

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