Fidelity National Information Services (NYSE:FIS) Stock Rating Lowered by Raymond James

Fidelity National Information Services (NYSE:FIS) was downgraded by equities researchers at Raymond James from a “strong-buy” rating to an “outperform” rating in a research report issued to clients and investors on Monday, MarketBeat.com reports. They currently have a $101.00 price target on the information technology services provider’s stock, down from their previous price target of $115.00. Raymond James’ price objective points to a potential upside of 27.67% from the company’s current price.

FIS has been the topic of several other research reports. Oppenheimer initiated coverage on shares of Fidelity National Information Services in a research note on Tuesday, October 1st. They set a “market perform” rating on the stock. Compass Point began coverage on Fidelity National Information Services in a report on Wednesday, November 20th. They set a “buy” rating and a $126.00 price target on the stock. Keefe, Bruyette & Woods upped their price target on shares of Fidelity National Information Services from $97.00 to $102.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Robert W. Baird increased their price target on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Finally, BNP Paribas cut Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.19.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS opened at $79.11 on Monday. The company has a market capitalization of $42.59 billion, a PE ratio of 31.52, a PEG ratio of 0.72 and a beta of 1.04. The business has a fifty day moving average price of $84.69 and a 200-day moving average price of $82.15. Fidelity National Information Services has a 1-year low of $58.24 and a 1-year high of $91.98. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the prior year, the firm posted $0.94 earnings per share. The business’s revenue was up 3.1% on a year-over-year basis. As a group, equities analysts expect that Fidelity National Information Services will post 5.18 EPS for the current fiscal year.

Insider Activity

In other news, EVP Lenore D. Williams sold 11,305 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $87.97, for a total value of $994,500.85. Following the sale, the executive vice president now directly owns 32,199 shares in the company, valued at approximately $2,832,546.03. This trade represents a 25.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeffrey A. Goldstein purchased 626 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was purchased at an average cost of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the acquisition, the director now directly owns 10,397 shares of the company’s stock, valued at approximately $917,535.25. The trade was a 6.41 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.20% of the company’s stock.

Institutional Trading of Fidelity National Information Services

Several large investors have recently bought and sold shares of FIS. CWA Asset Management Group LLC raised its stake in Fidelity National Information Services by 567.1% in the 4th quarter. CWA Asset Management Group LLC now owns 28,860 shares of the information technology services provider’s stock worth $2,331,000 after acquiring an additional 24,534 shares during the last quarter. Nordea Investment Management AB boosted its holdings in Fidelity National Information Services by 1,304.8% in the fourth quarter. Nordea Investment Management AB now owns 605,237 shares of the information technology services provider’s stock valued at $48,927,000 after purchasing an additional 562,154 shares during the last quarter. Everence Capital Management Inc. raised its stake in shares of Fidelity National Information Services by 68.2% during the 4th quarter. Everence Capital Management Inc. now owns 12,380 shares of the information technology services provider’s stock valued at $1,000,000 after buying an additional 5,020 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Fidelity National Information Services by 11.5% in the fourth quarter. GAMMA Investing LLC now owns 13,232 shares of the information technology services provider’s stock worth $1,069,000 after buying an additional 1,364 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in Fidelity National Information Services by 32.4% during the fourth quarter. Versant Capital Management Inc now owns 968 shares of the information technology services provider’s stock valued at $78,000 after acquiring an additional 237 shares in the last quarter. Hedge funds and other 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.