Fidelity National Information Services (NYSE:FIS) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Fidelity National Information Services (NYSE:FIS) had its target price hoisted by Robert W. Baird from $92.00 to $94.00 in a research note released on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the information technology services provider’s stock.

FIS has been the topic of a number of other research reports. Morgan Stanley cut shares of Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 target price on the stock. in a report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft boosted their price objective on Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Stephens lifted their target price on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Royal Bank of Canada upped their target price on shares of Fidelity National Information Services from $93.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Finally, Bank of America lifted their price target on Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a research note on Tuesday, September 17th. Ten 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 stock. Based on data from MarketBeat, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and an average price target of $88.75.

Fidelity National Information Services Stock Up 1.5 %

NYSE FIS traded up $1.28 on Tuesday, hitting $87.96. 84,297 shares of the company were exchanged, compared to its average volume of 3,764,243. The company has a current ratio of 1.18, a quick ratio of 1.35 and a debt-to-equity ratio of 0.63. The stock has a fifty day moving average of $85.85 and a 200-day moving average of $79.22. The company has a market cap of $47.99 billion, a PE ratio of 34.53, a PEG ratio of 0.80 and a beta of 1.06. Fidelity National Information Services has a 12 month low of $51.57 and a 12 month high of $91.98.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.94 earnings per share. As a group, analysts forecast that Fidelity National Information Services will post 5.08 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be paid a $0.36 dividend. The ex-dividend date is Monday, December 9th. This represents a $1.44 annualized dividend and a dividend yield of 1.64%. Fidelity National Information Services’s payout ratio is presently 57.37%.

Insiders Place Their Bets

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 626 shares of Fidelity National Information Services stock in a transaction dated Tuesday, October 15th. The shares were purchased at an average cost of $88.25 per share, with a total value of $55,244.50. Following the completion of the purchase, the director now owns 10,397 shares of the company’s stock, valued at approximately $917,535.25. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Information Services

A number of large investors have recently modified their holdings of FIS. Janney Montgomery Scott LLC lifted its holdings in Fidelity National Information Services by 15.5% in the first quarter. Janney Montgomery Scott LLC now owns 118,326 shares of the information technology services provider’s stock worth $8,777,000 after buying an additional 15,865 shares during the period. Fidelis Capital Partners LLC bought a new stake in shares of Fidelity National Information Services during the first quarter valued at approximately $54,000. Nordea Investment Management AB grew its stake in Fidelity National Information Services by 2.3% in the first quarter. Nordea Investment Management AB now owns 43,236 shares of the information technology services provider’s stock worth $3,222,000 after purchasing an additional 971 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its position in Fidelity National Information Services by 154.1% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 2,754 shares of the information technology services provider’s stock valued at $204,000 after buying an additional 1,670 shares during the period. Finally, GSA Capital Partners LLP boosted its holdings in shares of Fidelity National Information Services by 11.8% during the 1st quarter. GSA Capital Partners LLP now owns 6,407 shares of the information technology services provider’s stock valued at $475,000 after buying an additional 677 shares in the last quarter. Institutional investors own 96.23% of the company’s stock.

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.