Fidelity National Information Services (NYSE:FIS) Price Target Raised to $98.00 at Stephens

Fidelity National Information Services (NYSE:FIS) had its price target raised by Stephens from $90.00 to $98.00 in a report published on Friday, Benzinga reports. They currently have an overweight rating on the information technology services provider’s stock.

A number of other equities analysts also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Barclays lifted their price target on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. lifted their price target on shares of Fidelity National Information Services from $85.00 to $89.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Keefe, Bruyette & Woods lifted their price target on shares of 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. Finally, Morgan Stanley downgraded shares of Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price target for the company. in a research note on Monday, July 22nd. Ten equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $83.30.

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $90.96 on Friday. Fidelity National Information Services has a twelve month low of $46.91 and a twelve month high of $91.14. The firm has a fifty day simple moving average of $83.14 and a 200 day simple moving average of $77.58. The company has a market capitalization of $50.60 billion, a PE ratio of -8.89, a P/E/G ratio of 0.77 and a beta of 1.08. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.13. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The business had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter last year, the firm earned $1.55 earnings per share. Fidelity National Information Services’s quarterly revenue was up 2.7% on a year-over-year basis. On average, sell-side analysts forecast that Fidelity National Information Services will post 5.08 EPS for the current year.

Fidelity National Information Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend was Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently -14.08%.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein bought 626 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were purchased at an average cost of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the purchase, the director now directly owns 10,397 shares in the company, valued at $917,535.25. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FIS. Rise Advisors LLC purchased a new position in Fidelity National Information Services in the first quarter valued at about $29,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Fidelity National Information Services in the second quarter valued at approximately $30,000. EdgeRock Capital LLC bought a new stake in shares of Fidelity National Information Services in the second quarter valued at approximately $35,000. Family Firm Inc. bought a new stake in shares of Fidelity National Information Services in the second quarter valued at approximately $35,000. Finally, Palisade Asset Management LLC bought a new stake in shares of Fidelity National Information Services in the first quarter valued at approximately $37,000. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

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.