Fidelity National Information Services (NYSE:FIS) Price Target Increased to $95.00 by Analysts at Royal Bank of Canada

Fidelity National Information Services (NYSE:FIS) had its target price hoisted by Royal Bank of Canada from $93.00 to $95.00 in a research report sent to investors on Wednesday morning, Benzinga reports. They currently have an outperform rating on the information technology services provider’s stock.

A number of other equities analysts have also recently commented on FIS. Robert W. Baird lifted their target price on Fidelity National Information Services from $78.00 to $82.00 and gave the stock a neutral rating in a report on Tuesday, May 7th. TD Cowen raised their price target on shares of Fidelity National Information Services from $70.00 to $75.00 and gave the stock a hold rating in a research note on Wednesday, May 8th. Susquehanna boosted their price target on Fidelity National Information Services from $86.00 to $88.00 and gave the company a positive rating in a report on Wednesday. Bank of America raised their price objective on Fidelity National Information Services from $79.00 to $84.00 and gave the stock a buy rating in a report on Tuesday, April 16th. Finally, BNP Paribas downgraded Fidelity National Information Services from an outperform rating to a neutral rating and set a $72.00 price target on the stock. in a research report on Thursday, April 11th. Ten analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $80.45.

Fidelity National Information Services Price Performance

Shares of Fidelity National Information Services stock traded up $1.16 during trading on Wednesday, reaching $77.59. 2,576,083 shares of the stock traded hands, compared to its average volume of 4,137,733. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.52 and a quick ratio of 1.52. The company has a market capitalization of $43.16 billion, a price-to-earnings ratio of -7.58, a P/E/G ratio of 0.77 and a beta of 1.06. Fidelity National Information Services has a 52-week low of $46.91 and a 52-week high of $78.73. The business has a fifty day simple moving average of $75.82 and a two-hundred day simple moving average of $71.88.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.13. The firm had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.49 billion. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.55 EPS. Sell-side analysts expect that Fidelity National Information Services will post 4.94 EPS for the current year.

Fidelity National Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date is Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio is presently -14.08%.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 719 shares of Fidelity National Information Services stock in a transaction on Monday, July 15th. The stock was bought at an average cost of $76.81 per share, with a total value of $55,226.39. Following the transaction, the director now owns 9,771 shares of the company’s stock, valued at approximately $750,510.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Institutional Trading of Fidelity National Information Services

A number of hedge funds have recently modified their holdings of FIS. Dimensional Fund Advisors LP increased its holdings in 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 valued at $395,729,000 after buying an additional 249,678 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Fidelity National Information Services by 9.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,654,754 shares of the information technology services provider’s stock valued at $124,702,000 after purchasing an additional 140,417 shares in the last quarter. Parallel Advisors LLC raised its holdings in Fidelity National Information Services by 2.6% in the 2nd quarter. Parallel Advisors LLC now owns 15,122 shares of the information technology services provider’s stock worth $1,140,000 after purchasing an additional 382 shares during the period. Federated Hermes Inc. grew its holdings in Fidelity National Information Services by 12.8% in the second quarter. Federated Hermes Inc. now owns 37,344 shares of the information technology services provider’s stock valued at $2,814,000 after purchasing an additional 4,246 shares during the period. Finally, GHP Investment Advisors Inc. increased its position in shares of Fidelity National Information Services by 0.9% in the second quarter. GHP Investment Advisors Inc. now owns 23,266 shares of the information technology services provider’s stock valued at $1,753,000 after buying an additional 209 shares in the last quarter. Hedge funds and other 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.