Fidelity National Information Services (NYSE:FIS) Stock Rating Lowered by BNP Paribas

Fidelity National Information Services (NYSE:FIS) was downgraded by equities researchers at BNP Paribas from a “neutral” rating to an “underperform” rating in a report released on Wednesday, MarketBeat Ratings reports.

A number of other equities analysts have also recently issued reports on the stock. Morgan Stanley upped their price target on shares of Fidelity National Information Services from $80.00 to $87.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Oppenheimer assumed coverage on shares of Fidelity National Information Services in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock. TD Cowen increased their price target on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Robert W. Baird boosted their price objective 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, November 5th. Finally, Jefferies Financial Group increased their target price on Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.50.

Fidelity National Information Services Trading Down 0.2 %

NYSE:FIS opened at $85.75 on Wednesday. The firm has a market capitalization of $46.16 billion, a P/E ratio of 34.16, a PEG ratio of 0.73 and a beta of 1.06. 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 has a one year low of $53.93 and a one year high of $91.98. The company’s 50-day simple moving average is $86.92 and its 200 day simple moving average is $80.50.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.94 EPS. As a group, analysts forecast 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 Fidelity National Information Services stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $87.97, for a total transaction 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. The trade was a 25.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 cost 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 $917,535.25. This represents a 6.41 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Fidelity National Information Services

Hedge funds have recently modified their holdings of the company. O Shaughnessy Asset Management LLC raised its holdings in Fidelity National Information Services by 203.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 29,506 shares of the information technology services provider’s stock valued at $2,189,000 after acquiring an additional 19,775 shares during the period. Bessemer Group Inc. lifted its holdings in Fidelity National Information Services by 2.8% in the 1st quarter. Bessemer Group Inc. now owns 12,806 shares of the information technology services provider’s stock worth $950,000 after purchasing an additional 348 shares in the last quarter. Lake Street Advisors Group LLC purchased a new position in Fidelity National Information Services in the 1st quarter worth approximately $461,000. Cadence Bank boosted its stake in Fidelity National Information Services by 1.9% in the 1st quarter. Cadence Bank now owns 7,145 shares of the information technology services provider’s stock worth $530,000 after purchasing an additional 132 shares during the period. Finally, Toronto Dominion Bank grew its holdings in Fidelity National Information Services by 2.1% during the 1st quarter. Toronto Dominion Bank now owns 339,731 shares of the information technology services provider’s stock valued at $25,201,000 after buying an additional 6,959 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors.

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.