Compass Point Issues Pessimistic Forecast for Fidelity National Information Services (NYSE:FIS) Stock Price

Fidelity National Information Services (NYSE:FIS) had its price objective dropped by stock analysts at Compass Point from $126.00 to $113.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the information technology services provider’s stock. Compass Point’s target price points to a potential upside of 60.50% from the stock’s previous close.

Several other equities research analysts have also issued reports on the company. Robert W. Baird lifted their price objective on Fidelity National Information Services from $92.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. UBS Group raised their price target on Fidelity National Information Services from $80.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Mizuho boosted their price objective on Fidelity National Information Services from $91.00 to $104.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Stephens lowered their target price on shares of Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating for the company in a research report on Wednesday. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $87.95.

Fidelity National Information Services Stock Down 3.0 %

Shares of NYSE FIS opened at $70.41 on Wednesday. The business has a 50-day simple moving average of $80.83 and a two-hundred day simple moving average of $82.87. Fidelity National Information Services has a 52 week low of $61.62 and a 52 week high of $91.98. The company has a market cap of $37.90 billion, a P/E ratio of 28.05, a P/E/G ratio of 0.63 and a beta of 1.04. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, beating the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. During the same quarter in the previous year, the company earned $0.94 earnings per share. Research analysts anticipate that Fidelity National Information Services will post 5.18 earnings per share for the current fiscal year.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 701 shares of Fidelity National Information Services stock in a transaction that occurred on Wednesday, January 15th. The shares were bought at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the acquisition, the director now directly owns 11,098 shares in the company, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Information Services

Several institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank bought a new position in shares of Fidelity National Information Services during the fourth quarter valued at approximately $635,202,000. Raymond James Financial Inc. bought a new stake in shares of Fidelity National Information Services during the 4th quarter valued at about $451,458,000. Raymond James & Associates increased its position in shares of Fidelity National Information Services by 449.8% during the third quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider’s stock valued at $343,693,000 after buying an additional 3,357,329 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Fidelity National Information Services by 100.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,231,856 shares of the information technology services provider’s stock worth $261,037,000 after buying an additional 1,616,146 shares in the last quarter. Finally, KBC Group NV lifted its holdings in Fidelity National Information Services by 1,390.5% in the fourth quarter. KBC Group NV now owns 1,180,258 shares of the information technology services provider’s stock worth $95,330,000 after buying an additional 1,101,072 shares during the period. Hedge funds and other institutional investors own 96.23% of the company’s stock.

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.