Fidelity National Information Services (NYSE:FIS) Price Target Raised to $86.00

Fidelity National Information Services (NYSE:FIS) had its price target increased by TD Cowen from $78.00 to $86.00 in a research note published on Tuesday,Benzinga reports. The brokerage currently has a hold rating on the information technology services provider’s stock.

Other equities analysts have also issued reports about the stock. Mizuho lifted their price objective on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the company an “outperform” rating in a report on Tuesday. Keefe, Bruyette & Woods boosted their price target on Fidelity National Information Services from $97.00 to $102.00 and gave the stock an “outperform” rating in a research report on Tuesday. UBS Group raised their price objective on Fidelity National Information Services from $80.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday. Robert W. Baird boosted their target price on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Susquehanna raised their price target on shares of Fidelity National Information Services from $88.00 to $103.00 and gave the company a “positive” rating in a report on Tuesday. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Fidelity National Information Services has a consensus rating of “Moderate Buy” and a consensus price target of $89.68.

Fidelity National Information Services Price Performance

Shares of FIS stock opened at $88.09 on Tuesday. Fidelity National Information Services has a twelve month low of $51.57 and a twelve month high of $91.98. 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 simple moving average of $86.07 and a two-hundred day simple moving average of $79.39. The stock has a market capitalization of $48.06 billion, a price-to-earnings ratio of 35.10, a P/E/G ratio of 0.80 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The company had revenue of $2.57 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.94 earnings per share. On average, analysts predict that Fidelity National Information Services will post 5.08 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Monday, December 9th. Fidelity National Information Services’s dividend payout ratio is presently 57.37%.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 626 shares of Fidelity National Information Services stock in a transaction that occurred on Tuesday, October 15th. The stock was purchased at an average price of $88.25 per share, with a total value of $55,244.50. Following the completion of the acquisition, the director now directly owns 10,397 shares in the company, valued at approximately $917,535.25. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Fidelity National Information Services

Several institutional investors have recently made changes to their positions in the company. Kennebec Savings Bank acquired a new stake in Fidelity National Information Services during the third quarter valued at $28,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Fidelity National Information Services during the 2nd quarter valued at about $30,000. EdgeRock Capital LLC purchased a new position in shares of Fidelity National Information Services in the 2nd quarter valued at about $35,000. Family Firm Inc. acquired a new position in Fidelity National Information Services in the 2nd quarter worth about $35,000. Finally, Concord Wealth Partners boosted its position in Fidelity National Information Services by 50.2% during the third quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock worth $37,000 after purchasing an additional 146 shares in the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

About Fidelity National Information Services

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.