Fidelity National Information Services (NYSE:FIS) Price Target Raised to $73.00

Fidelity National Information Services (NYSE:FIS) had its target price lifted by Deutsche Bank Aktiengesellschaft from $70.00 to $73.00 in a research note released on Wednesday, Benzinga reports. The brokerage currently has a hold rating on the information technology services provider’s stock.

FIS has been the subject of a number of other reports. Mizuho raised their price target on shares of Fidelity National Information Services from $76.00 to $85.00 and gave the company a buy rating in a report on Thursday, May 9th. Wedbush reissued an outperform rating and issued a $75.00 price target on shares of Fidelity National Information Services in a report on Wednesday, May 8th. Bank of America lifted 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. Keefe, Bruyette & Woods increased their target price on Fidelity National Information Services from $85.00 to $88.00 and gave the company an outperform rating in a research note on Wednesday. Finally, TD Cowen upped their price target on shares of Fidelity National Information Services from $70.00 to $75.00 and gave the company a hold rating in a report on Wednesday, May 8th. Ten investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of $80.45.

Fidelity National Information Services Stock Up 1.5 %

Shares of FIS traded up $1.16 during midday trading on Wednesday, reaching $77.59. 2,576,083 shares of the company were exchanged, compared to its average volume of 4,137,733. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.59. Fidelity National Information Services has a 1-year low of $46.91 and a 1-year high of $78.73. The company has a market cap 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. The stock has a 50-day moving average price of $75.82 and a 200-day moving average price of $71.88.

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

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.86%. The ex-dividend date is Tuesday, September 10th. Fidelity National Information Services’s payout ratio is currently -14.08%.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 719 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was purchased at an average price of $76.81 per share, for a total transaction of $55,226.39. Following the transaction, the director now directly owns 9,771 shares of the company’s stock, valued at approximately $750,510.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Fidelity National Information Services

Hedge funds have recently modified their holdings of the company. EdgeRock Capital LLC acquired a new stake in Fidelity National Information Services during the fourth quarter valued at approximately $29,000. Rise Advisors LLC acquired a new stake in shares of Fidelity National Information Services during the first quarter worth $29,000. Delta Asset Management LLC TN lifted its holdings in shares of Fidelity National Information Services by 600.0% during the fourth quarter. Delta Asset Management LLC TN now owns 525 shares of the information technology services provider’s stock valued at $32,000 after purchasing an additional 450 shares during the last quarter. Family Firm Inc. acquired a new position in shares of Fidelity National Information Services in the 2nd quarter valued at $35,000. Finally, Palisade Asset Management LLC acquired a new stake in Fidelity National Information Services during the 1st quarter worth about $37,000. 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.