Fidelity National Information Servcs (NYSE:FIS) PT Raised to $170.00

Fidelity National Information Servcs (NYSE:FIS) had its target price boosted by stock analysts at Barclays from $165.00 to $170.00 in a research note issued on Tuesday, BenzingaRatingsTable reports. The brokerage presently has an “overweight” rating on the information technology services provider’s stock. Barclays‘s price objective suggests a potential upside of 17.57% from the company’s previous close.

FIS has been the subject of several other research reports. Moffett Nathanson downgraded shares of Fidelity National Information Servcs from a “buy” rating to a “neutral” rating in a report on Tuesday, January 7th. Morgan Stanley assumed coverage on shares of Fidelity National Information Servcs in a report on Monday, December 16th. They issued an “equal weight” rating and a $146.00 price target for the company. Robert W. Baird increased their price target on shares of Fidelity National Information Servcs from $162.00 to $166.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. UBS Group assumed coverage on shares of Fidelity National Information Servcs in a report on Monday, October 14th. They issued a “neutral” rating for the company. Finally, ValuEngine raised shares of Fidelity National Information Servcs from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Six analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Fidelity National Information Servcs has a consensus rating of “Buy” and a consensus target price of $149.95.

Shares of FIS traded down $0.70 during midday trading on Tuesday, hitting $144.60. 27,186 shares of the company traded hands, compared to its average volume of 2,545,488. The firm has a 50 day moving average of $138.84 and a 200-day moving average of $133.93. Fidelity National Information Servcs has a 52 week low of $101.74 and a 52 week high of $145.00. The stock has a market cap of $87.55 billion, a price-to-earnings ratio of 27.79, a PEG ratio of 2.53 and a beta of 0.63. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.86 and a current ratio of 0.86.

Fidelity National Information Servcs (NYSE:FIS) last released its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $1.43 EPS for the quarter, beating the consensus estimate of $1.35 by $0.08. Fidelity National Information Servcs had a net margin of 8.24% and a return on equity of 12.07%. The business had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter in the prior year, the firm earned $1.33 EPS. The business’s revenue was up 35.4% on a year-over-year basis. Sell-side analysts predict that Fidelity National Information Servcs will post 5.51 earnings per share for the current fiscal year.

In other news, EVP Gregory G. Montana sold 33,423 shares of Fidelity National Information Servcs stock in a transaction on Monday, November 11th. The shares were sold at an average price of $131.76, for a total transaction of $4,403,814.48. Following the completion of the sale, the executive vice president now directly owns 8,586 shares in the company, valued at $1,131,291.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director James B. Stallings, Jr. sold 782 shares of Fidelity National Information Servcs stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $136.95, for a total transaction of $107,094.90. Following the sale, the director now owns 7,288 shares of the company’s stock, valued at $998,091.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 59,590 shares of company stock valued at $8,028,304. 1.43% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of FIS. State Street Corp lifted its stake in shares of Fidelity National Information Servcs by 88.0% during the third quarter. State Street Corp now owns 25,071,270 shares of the information technology services provider’s stock worth $3,328,462,000 after buying an additional 11,738,423 shares during the period. Nuveen Asset Management LLC increased its stake in shares of Fidelity National Information Servcs by 9,131.1% during the second quarter. Nuveen Asset Management LLC now owns 4,432,427 shares of the information technology services provider’s stock worth $543,771,000 after purchasing an additional 4,384,411 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Fidelity National Information Servcs by 19.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 21,546,773 shares of the information technology services provider’s stock worth $2,860,549,000 after purchasing an additional 3,461,019 shares in the last quarter. Third Point LLC purchased a new stake in shares of Fidelity National Information Servcs during the third quarter worth about $331,899,000. Finally, Adelphi Capital LLP purchased a new stake in shares of Fidelity National Information Servcs during the third quarter worth about $245,269,000. Institutional investors and hedge funds own 90.32% of the company’s stock.

Fidelity National Information Servcs Company Profile

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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Analyst Recommendations for Fidelity National Information Servcs (NYSE:FIS)

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