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

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

Other equities research analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft increased 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 report on Wednesday, August 7th. Oppenheimer assumed coverage on shares of Fidelity National Information Services in a research note on Tuesday, October 1st. They issued a “market perform” rating for the company. UBS Group increased their price target on Fidelity National Information Services from $78.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Keefe, Bruyette & Woods lifted their price objective on Fidelity National Information Services from $85.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Finally, Barclays increased their target price on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Ten research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and an average price target of $83.30.

Fidelity National Information Services Price Performance

NYSE:FIS opened at $90.66 on Friday. The company has a market capitalization of $50.43 billion, a price-to-earnings ratio of -8.86, a PEG ratio of 0.77 and a beta of 1.08. The company has a 50-day moving average of $83.43 and a 200-day moving average of $77.77. Fidelity National Information Services has a 52 week low of $46.91 and a 52 week high of $91.14. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.35 and a current ratio of 1.35.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.13. The company had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.49 billion. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.55 EPS. As a group, equities research analysts anticipate that Fidelity National Information Services will post 5.08 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th were paid a dividend of $0.36 per share. The ex-dividend date was Tuesday, September 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.59%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently -14.08%.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 626 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was bought at an average cost of $88.25 per share, for a total transaction of $55,244.50. Following the transaction, the director now owns 10,397 shares of the company’s stock, valued at $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. Insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Fidelity National Information Services

Institutional investors and hedge funds have recently made changes to their positions in the company. HighPoint Advisor Group LLC bought a new position in Fidelity National Information Services during the fourth quarter worth about $190,000. Kapitalo Investimentos Ltda lifted its holdings in shares of Fidelity National Information Services by 96.0% during the 4th quarter. Kapitalo Investimentos Ltda now owns 1,137 shares of the information technology services provider’s stock valued at $68,000 after purchasing an additional 557 shares in the last quarter. Mather Group LLC. acquired a new position in shares of Fidelity National Information Services in the 1st quarter valued at approximately $86,000. Rise Advisors LLC acquired a new stake in Fidelity National Information Services during the 1st quarter worth approximately $29,000. Finally, Massmutual Trust Co. FSB ADV lifted its stake in Fidelity National Information Services by 36.9% in the first quarter. Massmutual Trust Co. FSB ADV now owns 1,262 shares of the information technology services provider’s stock valued at $94,000 after buying an additional 340 shares in the last quarter. 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.