Fidelity National Information Services (NYSE:FIS) Earns Outperform Rating from William Blair

Fidelity National Information Services (NYSE:FIS)‘s stock had its “outperform” rating reiterated by William Blair in a research report issued on Tuesday, RTT News reports.

FIS has been the topic of several other research reports. TheStreet raised Fidelity National Information Services from a “d” rating to a “c” rating in a report on Monday, February 26th. Evercore ISI raised their price target on Fidelity National Information Services from $62.00 to $75.00 and gave the company an “in-line” rating in a report on Tuesday, April 30th. Stephens reaffirmed an “overweight” rating and issued a $90.00 price target on shares of Fidelity National Information Services in a report on Tuesday. JPMorgan Chase & Co. raised their price target on Fidelity National Information Services from $68.00 to $71.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. Finally, UBS Group raised their price target on Fidelity National Information Services from $66.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, February 27th. Eight analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.63.

Fidelity National Information Services Stock Performance

Shares of NYSE FIS traded up $3.24 during trading on Tuesday, reaching $73.69. 5,457,305 shares of the stock traded hands, compared to its average volume of 4,421,767. Fidelity National Information Services has a 52-week low of $46.91 and a 52-week high of $75.71. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.75 and a quick ratio of 0.75. The company has a 50-day moving average of $70.64 and a 200-day moving average of $62.74. The stock has a market capitalization of $41.38 billion, a P/E ratio of -6.58, a price-to-earnings-growth ratio of 0.88 and a beta of 0.98.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Monday, May 6th. The information technology services provider reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.14. Fidelity National Information Services had a positive return on equity of 13.06% and a negative net margin of 54.30%. The firm had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.44 billion. During the same quarter in the prior year, the firm earned $1.29 EPS. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. Analysts forecast that Fidelity National Information Services will post 4.71 EPS for the current fiscal year.

Fidelity National Information Services declared that its board has approved a share buyback plan on Monday, February 26th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the information technology services provider to buy up to 1.3% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Insider Activity

In related news, Director Jeffrey A. Goldstein acquired 775 shares of the stock in a transaction on Monday, April 15th. The stock was acquired at an average price of $72.37 per share, for a total transaction of $56,086.75. Following the completion of the purchase, the director now owns 9,052 shares of the company’s stock, valued at $655,093.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.68% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its holdings in shares of Fidelity National Information Services by 51.0% in the third quarter. JPMorgan Chase & Co. now owns 3,010,816 shares of the information technology services provider’s stock worth $166,408,000 after acquiring an additional 1,016,719 shares during the period. Sequoia Financial Advisors LLC bought a new stake in Fidelity National Information Services during the fourth quarter valued at about $1,244,000. Korea Investment CORP increased its position in Fidelity National Information Services by 5.5% in the third quarter. Korea Investment CORP now owns 215,121 shares of the information technology services provider’s stock worth $11,890,000 after buying an additional 11,181 shares in the last quarter. Sapient Capital LLC bought a new position in shares of Fidelity National Information Services in the fourth quarter worth about $1,076,000. Finally, Alpha Cubed Investments LLC raised its stake in shares of Fidelity National Information Services by 48.3% in the fourth quarter. Alpha Cubed Investments LLC now owns 160,439 shares of the information technology services provider’s stock worth $9,638,000 after buying an additional 52,223 shares during the period. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Company Profile

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.