Fidelity National Information Services (NYSE:FIS) Stock Price Expected to Rise, TD Cowen Analyst Says

Fidelity National Information Services (NYSE:FIS) had its price target lifted by TD Cowen from $78.00 to $86.00 in a research report sent to investors on Tuesday, Benzinga reports. They currently have a hold rating on the information technology services provider’s stock.

Other analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods raised their target price on Fidelity National Information Services from $97.00 to $102.00 and gave the stock an “outperform” rating in a research report on Tuesday. Morgan Stanley raised their price objective on Fidelity National Information Services from $80.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Bank of America upped their target price on Fidelity National Information Services from $90.00 to $96.00 and gave the company a “buy” rating in a report on Tuesday, September 17th. Oppenheimer began coverage on shares of Fidelity National Information Services in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock. Finally, Mizuho increased their target price on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the stock an “outperform” rating in a research report on Tuesday. Ten analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Fidelity National Information Services has an average rating of “Moderate Buy” and an average price target of $88.75.

Fidelity National Information Services Trading Down 3.5 %

Shares of FIS opened at $86.57 on Tuesday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.62. Fidelity National Information Services has a 1-year low of $49.91 and a 1-year high of $91.98. The stock has a market capitalization of $47.23 billion, a P/E ratio of 34.49, a P/E/G ratio of 0.79 and a beta of 1.06. The business’s 50-day moving average price is $85.75 and its 200 day moving average price is $79.17.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.56 billion. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The firm’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.94 earnings per share. Analysts expect that Fidelity National Information Services will post 5.09 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services’s dividend payout ratio is 57.37%.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 626 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were purchased at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the acquisition, the director now directly owns 10,397 shares of the company’s stock, valued at $917,535.25. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Fidelity National Information Services

A number of institutional investors have recently made changes to their positions in the business. Kennebec Savings Bank bought a new stake in Fidelity National Information Services during the 3rd quarter valued at approximately $28,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Fidelity National Information Services during the second quarter worth approximately $30,000. EdgeRock Capital LLC bought a new stake in shares of Fidelity National Information Services in the second quarter valued at approximately $35,000. Family Firm Inc. acquired a new stake in shares of Fidelity National Information Services in the second quarter worth $35,000. Finally, Concord Wealth Partners grew its stake in shares of Fidelity National Information Services by 50.2% in the third quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock worth $37,000 after acquiring an additional 146 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors.

About Fidelity National Information Services

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.