Stephens Lowers Fidelity National Information Services (NYSE:FIS) Price Target to $90.00

Fidelity National Information Services (NYSE:FIS) had its price target lowered by equities research analysts at Stephens from $100.00 to $90.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the information technology services provider’s stock. Stephens’ price target would indicate a potential upside of 27.83% from the stock’s previous close.

A number of other equities research analysts have also issued reports on FIS. BNP Paribas lowered Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 20th. UBS Group raised their target price on Fidelity National Information Services from $80.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Robert W. Baird raised their target price on Fidelity National Information Services from $92.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. raised their target price on Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Finally, Wells Fargo & Company assumed coverage on Fidelity National Information Services in a research report on Tuesday, January 14th. They set an “equal weight” rating and a $88.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $87.95.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock opened at $70.41 on Wednesday. The business has a 50-day moving average of $80.83 and a 200 day moving average of $82.87. Fidelity National Information Services has a 12 month low of $61.62 and a 12 month high of $91.98. The stock has a market capitalization of $37.90 billion, a price-to-earnings ratio of 28.05, a price-to-earnings-growth ratio of 0.63 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. During the same quarter in the previous year, the business posted $0.94 earnings per share. As a group, sell-side analysts forecast that Fidelity National Information Services will post 5.18 earnings per share for the current year.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 701 shares of the stock in a transaction on Wednesday, January 15th. The shares were bought at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the purchase, the director now owns 11,098 shares of the company’s stock, valued at $887,507.06. This trade represents a 6.74 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.20% of the company’s stock.

Institutional Trading of Fidelity National Information Services

Institutional investors have recently modified their holdings of the business. Larson Financial Group LLC boosted its stake in shares of Fidelity National Information Services by 94.1% in the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 159 shares in the last quarter. Kennebec Savings Bank purchased a new stake in shares of Fidelity National Information Services in the third quarter valued at approximately $28,000. R Squared Ltd purchased a new stake in shares of Fidelity National Information Services in the fourth quarter valued at approximately $30,000. Concord Wealth Partners boosted 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 valued at $37,000 after buying an additional 146 shares in the last quarter. Finally, Morse Asset Management Inc purchased a new stake in shares of Fidelity National Information Services in the third quarter valued at approximately $37,000. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

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.