Fidelity National Information Services (NYSE:FIS) Now Covered by Analysts at Wells Fargo & Company

Investment analysts at Wells Fargo & Company assumed coverage on shares of Fidelity National Information Services (NYSE:FIS) in a research report issued on Tuesday,Briefing.com Automated Import reports. The firm set an “equal weight” rating and a $88.00 price target on the information technology services provider’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 12.00% from the stock’s current price.

A number of other research analysts also recently weighed in on the company. Oppenheimer started coverage on Fidelity National Information Services in a research note on Tuesday, October 1st. They issued a “market perform” rating for the company. Morgan Stanley boosted their target price on shares of Fidelity National Information Services from $87.00 to $92.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. Raymond James cut shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and cut their price target for the company from $115.00 to $101.00 in a research note on Monday, January 6th. Royal Bank of Canada boosted their price objective on shares of Fidelity National Information Services from $95.00 to $104.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. raised their target price on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and an average target price of $92.00.

Fidelity National Information Services Trading Up 1.9 %

NYSE:FIS opened at $78.57 on Tuesday. The company has a market cap of $42.30 billion, a P/E ratio of 31.30, a price-to-earnings-growth ratio of 0.72 and a beta of 1.04. Fidelity National Information Services has a twelve month low of $58.24 and a twelve month high of $91.98. The business has a 50 day moving average price of $83.79 and a two-hundred day moving average price of $82.25. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter last year, the firm earned $0.94 earnings per share. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, analysts expect that Fidelity National Information Services will post 5.18 EPS for the current fiscal year.

Insider Activity

In related news, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $87.97, for a total value of $994,500.85. Following the transaction, the executive vice president now directly owns 32,199 shares of the company’s stock, valued at $2,832,546.03. This trade represents a 25.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Fidelity National Information Services

Institutional investors have recently modified their holdings of the business. Larson Financial Group LLC grew its holdings in shares of Fidelity National Information Services by 94.1% during the 3rd quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 159 shares during the last quarter. Kennebec Savings Bank acquired a new position in shares of Fidelity National Information Services during the third quarter worth $28,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of Fidelity National Information Services in the 2nd quarter valued at $30,000. Concord Wealth Partners boosted its holdings in shares of Fidelity National Information Services by 50.2% during the 3rd quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock valued at $37,000 after acquiring an additional 146 shares in the last quarter. Finally, Morse Asset Management Inc bought a new stake in Fidelity National Information Services during the 3rd quarter worth $37,000. Institutional investors and hedge funds 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.