Fidelity National Information Servcs (NYSE:FIS) had its price objective upped by stock analysts at SunTrust Banks to $125.00 in a report released on Wednesday, The Fly reports. The firm presently has a “hold” rating on the information technology services provider’s stock. SunTrust Banks’ price objective points to a potential upside of 2.72% from the stock’s previous close.
A number of other equities research analysts have also issued reports on FIS. William Blair reaffirmed an “outperform” rating on shares of Fidelity National Information Servcs in a research report on Tuesday, February 12th. Zacks Investment Research upgraded Fidelity National Information Servcs from a “hold” rating to a “buy” rating and set a $119.00 price target on the stock in a report on Friday, February 15th. Guggenheim lifted their price target on Fidelity National Information Servcs to $135.00 and gave the company a “buy” rating in a report on Friday, March 22nd. Wedbush lifted their price target on Fidelity National Information Servcs from $110.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $122.00 price target on shares of Fidelity National Information Servcs in a report on Tuesday, April 2nd. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $132.33.
Shares of Fidelity National Information Servcs stock opened at $121.69 on Wednesday. The firm has a market cap of $39.66 billion, a PE ratio of 23.27, a P/E/G ratio of 1.37 and a beta of 0.65. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.86. Fidelity National Information Servcs has a 12-month low of $94.53 and a 12-month high of $123.28.
In other news, Director Alexandar Navab, Jr. bought 5,075 shares of the stock in a transaction on Thursday, March 21st. The shares were purchased at an average price of $107.22 per share, for a total transaction of $544,141.50. Following the completion of the purchase, the director now directly owns 5,075 shares of the company’s stock, valued at approximately $544,141.50. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director James B. Stallings, Jr. sold 1,240 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $122.55, for a total value of $151,962.00. Following the completion of the transaction, the director now owns 8,370 shares in the company, valued at approximately $1,025,743.50. The disclosure for this sale can be found here. Insiders own 1.43% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Whittier Trust Co. of Nevada Inc. grew its stake in Fidelity National Information Servcs by 376.9% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 248 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 196 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new position in Fidelity National Information Servcs in the first quarter valued at about $29,000. Doyle Wealth Management purchased a new position in Fidelity National Information Servcs in the fourth quarter valued at about $27,000. Sontag Advisory LLC purchased a new position in Fidelity National Information Servcs in the fourth quarter valued at about $27,000. Finally, Global Retirement Partners LLC grew its stake in Fidelity National Information Servcs by 46.6% in the first quarter. Global Retirement Partners LLC now owns 283 shares of the information technology services provider’s stock valued at $32,000 after purchasing an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.
About Fidelity National Information Servcs
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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