Bank of America Increases Fidelity National Information Servcs (NYSE:FIS) Price Target to $158.00

Fidelity National Information Servcs (NYSE:FIS) had its target price raised by research analysts at Bank of America from $143.00 to $158.00 in a research report issued on Tuesday, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the information technology services provider’s stock. Bank of America‘s price objective would indicate a potential upside of 18.30% from the company’s current price.

A number of other research firms have also issued reports on FIS. Atlantic Securities assumed coverage on Fidelity National Information Servcs in a research report on Tuesday, September 3rd. They issued an “overweight” rating and a $175.00 price target on the stock. Wedbush set a $150.00 price objective on Fidelity National Information Servcs and gave the company an “outperform” rating in a report on Wednesday, August 7th. Moffett Nathanson started coverage on Fidelity National Information Servcs in a report on Tuesday, May 21st. They issued a “buy” rating and a $147.00 price objective on the stock. Barclays set a $147.00 price objective on Fidelity National Information Servcs and gave the company a “buy” rating in a report on Monday, August 12th. Finally, Goldman Sachs Group started coverage on Fidelity National Information Servcs in a report on Thursday, July 25th. They issued a “buy” rating and a $154.00 price objective on the stock. Four analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $146.30.

FIS stock traded up $2.27 during mid-day trading on Tuesday, reaching $133.56. The company had a trading volume of 2,817,192 shares, compared to its average volume of 3,622,830. The company has a debt-to-equity ratio of 1.67, a quick ratio of 3.00 and a current ratio of 3.00. The company has a market capitalization of $80.12 billion, a price-to-earnings ratio of 25.54, a price-to-earnings-growth ratio of 2.50 and a beta of 0.65. The firm has a fifty day simple moving average of $135.01 and a 200 day simple moving average of $121.41. Fidelity National Information Servcs has a fifty-two week low of $94.53 and a fifty-two week high of $141.35.



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

In related news, COO Stephanie Ferris sold 40,855 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $134.33, for a total transaction of $5,488,052.15. Following the transaction, the chief operating officer now owns 60,054 shares in the company, valued at approximately $8,067,053.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mark L. Heimbouch sold 111,586 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $134.28, for a total value of $14,983,768.08. Following the transaction, the insider now owns 199,168 shares in the company, valued at approximately $26,744,279.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 168,422 shares of company stock worth $22,643,781. Company insiders own 1.43% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC grew its stake in Fidelity National Information Servcs by 18.2% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 2,183,177 shares of the information technology services provider’s stock worth $267,834,000 after buying an additional 336,826 shares during the last quarter. Accident Compensation Corp lifted its holdings in shares of Fidelity National Information Servcs by 306.1% in the 1st quarter. Accident Compensation Corp now owns 13,400 shares of the information technology services provider’s stock valued at $1,516,000 after buying an additional 10,100 shares during the period. Commerce Bank lifted its holdings in shares of Fidelity National Information Servcs by 4.6% in the 1st quarter. Commerce Bank now owns 413,950 shares of the information technology services provider’s stock valued at $46,818,000 after buying an additional 18,151 shares during the period. Advisory Services Network LLC lifted its holdings in shares of Fidelity National Information Servcs by 2,778.3% in the 1st quarter. Advisory Services Network LLC now owns 7,426 shares of the information technology services provider’s stock valued at $840,000 after buying an additional 7,168 shares during the period. Finally, Lazard Asset Management LLC lifted its holdings in shares of Fidelity National Information Servcs by 11.4% in the 1st quarter. Lazard Asset Management LLC now owns 87,931 shares of the information technology services provider’s stock valued at $9,943,000 after buying an additional 8,982 shares during the period. Hedge funds and other institutional investors own 92.69% 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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Analyst Recommendations for Fidelity National Information Servcs (NYSE:FIS)

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