Research Analysts’ Recent Ratings Updates for Fidelity National Information Servcs (FIS)

Fidelity National Information Servcs (NYSE: FIS) recently received a number of ratings updates from brokerages and research firms:

  • 9/16/2019 – Fidelity National Information Servcs had its price target raised by analysts at Robert W. Baird from $145.00 to $158.00. They now have an “outperform” rating on the stock.
  • 9/12/2019 – Fidelity National Information Servcs is now covered by analysts at Canaccord Genuity. They set a “buy” rating and a $151.00 price target on the stock.
  • 9/10/2019 – Fidelity National Information Servcs had its price target raised by analysts at Bank of America Corp from $143.00 to $158.00. They now have a “buy” rating on the stock.
  • 9/9/2019 – Fidelity National Information Servcs had its price target raised by analysts at Citigroup Inc from $142.00 to $152.00. They now have a “buy” rating on the stock.
  • 9/3/2019 – Fidelity National Information Servcs is now covered by analysts at Atlantic Securities. They set an “overweight” rating and a $175.00 price target on the stock.
  • 8/12/2019 – Fidelity National Information Servcs was given a new $147.00 price target on by analysts at Barclays PLC. They now have a “buy” rating on the stock.
  • 8/9/2019 – Fidelity National Information Servcs was given a new $171.00 price target on by analysts at Berenberg Bank. They now have a “buy” rating on the stock.
  • 8/8/2019 – Fidelity National Information Servcs had its price target raised by analysts at Cantor Fitzgerald from $134.00 to $150.00. They now have an “overweight” rating on the stock.
  • 8/7/2019 – Fidelity National Information Servcs was given a new $150.00 price target on by analysts at Wedbush. They now have an “outperform” rating on the stock.
  • 8/7/2019 – Fidelity National Information Servcs had its “neutral” rating reaffirmed by analysts at Northcoast Research.
  • 8/7/2019 – Fidelity National Information Servcs was given a new $135.00 price target on by analysts at SunTrust Banks, Inc.. They now have a “hold” rating on the stock.
  • 8/7/2019 – Fidelity National Information Servcs was given a new $149.00 price target on by analysts at Raymond James. They now have a “buy” rating on the stock.
  • 8/7/2019 – Fidelity National Information Servcs was given a new $148.00 price target on by analysts at Oppenheimer Holdings Inc.. They now have a “buy” rating on the stock.
  • 8/2/2019 – Fidelity National Information Servcs was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 7/31/2019 – Fidelity National Information Servcs is now covered by analysts at Berenberg Bank. They set a “buy” rating and a $171.00 price target on the stock.
  • 7/27/2019 – Fidelity National Information Servcs was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 7/25/2019 – Fidelity National Information Servcs is now covered by analysts at Goldman Sachs Group Inc. They set a “buy” rating and a $154.00 price target on the stock.

NYSE:FIS traded down $2.09 during mid-day trading on Friday, hitting $131.81. 2,231,631 shares of the stock traded hands, compared to its average volume of 3,623,740. The stock has a market capitalization of $82.65 billion, a price-to-earnings ratio of 25.20, a PEG ratio of 2.51 and a beta of 0.65. Fidelity National Information Servcs Inc has a 52 week low of $94.53 and a 52 week high of $141.35. The firm’s 50 day moving average is $134.73 and its two-hundred day moving average is $122.28. The company has a quick ratio of 3.00, a current ratio of 3.00 and a debt-to-equity ratio of 1.67.

Fidelity National Information Servcs (NYSE:FIS) last issued its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.78 EPS for the quarter, meeting the consensus estimate of $1.78. The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.11 billion. Fidelity National Information Servcs had a net margin of 8.97% and a return on equity of 20.66%. The firm’s revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.23 EPS. As a group, research analysts predict that Fidelity National Information Servcs Inc will post 6 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be given a $0.35 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.40 annualized dividend and a yield of 1.06%. Fidelity National Information Servcs’s dividend payout ratio (DPR) is 26.77%.

In other Fidelity National Information Servcs news, Director Gary L. Lauer sold 9,981 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $135.77, for a total value of $1,355,120.37. Following the completion of the sale, the director now directly owns 18,621 shares of the company’s stock, valued at approximately $2,528,173.17. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Mark L. Heimbouch sold 111,586 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $134.28, for a total transaction of $14,983,768.08. Following the completion of the sale, the insider now directly owns 199,168 shares of the company’s stock, valued at $26,744,279.04. The disclosure for this sale can be found here. Over the last three months, insiders sold 331,737 shares of company stock valued at $44,517,690. 1.43% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in FIS. O Shaughnessy Asset Management LLC purchased a new stake in Fidelity National Information Servcs in the 1st quarter valued at about $29,000. Redhawk Wealth Advisors Inc. purchased a new stake in Fidelity National Information Servcs in the 2nd quarter valued at about $29,000. Doyle Wealth Management purchased a new stake in Fidelity National Information Servcs in the 2nd quarter valued at about $32,000. Berman Capital Advisors LLC boosted its position in Fidelity National Information Servcs by 44.4% in the 1st quarter. Berman Capital Advisors LLC now owns 312 shares of the information technology services provider’s stock valued at $35,000 after buying an additional 96 shares during the period. Finally, San Francisco Sentry Investment Group CA lifted its position in shares of Fidelity National Information Servcs by 503.6% in the 2nd quarter. San Francisco Sentry Investment Group CA now owns 332 shares of the information technology services provider’s stock worth $41,000 after purchasing an additional 277 shares during the period. 92.69% of the stock is owned by institutional investors.

Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through Integrated Financial Solutions and Global Financial Solutions segments. The Integrated Financial Solutions segment offers core processing and ancillary applications; digital solutions, including Internet, mobile, and e-banking; fraud, risk management, and compliance solutions; electronic funds transfer and network services; card and retail solutions; corporate liquidity and wealth management services; item processing and output services; government payments solutions; and e-payment solutions.

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