UBS Group Issues Pessimistic Forecast for Fidelity National Information Services (NYSE:FIS) Stock Price

Fidelity National Information Services (NYSE:FIS) had its target price reduced by stock analysts at UBS Group from $94.00 to $81.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the information technology services provider’s stock. UBS Group’s price objective points to a potential upside of 15.05% from the company’s current price.

A number of other research analysts also recently commented on the company. Compass Point lowered their price objective on Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. upped their price objective on Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Stephens lowered their price objective on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday. Raymond James downgraded Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the stock from $115.00 to $101.00 in a research note on Monday, January 6th. Finally, Susquehanna downgraded Fidelity National Information Services from a “positive” rating to a “neutral” rating and lowered their price objective for the stock from $103.00 to $81.00 in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $87.95.

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $70.41 on Wednesday. Fidelity National Information Services has a twelve month low of $61.62 and a twelve month high of $91.98. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63. The company 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 business has a 50 day simple moving average of $80.83 and a 200-day simple moving average of $82.87.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share 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 period in the prior year, the business posted $0.94 earnings per share. As a group, equities research analysts expect that Fidelity National Information Services will post 5.18 earnings per share for the current year.

Insider Activity

In related news, Director Jeffrey A. Goldstein bought 701 shares of Fidelity National Information Services stock in a transaction dated Wednesday, January 15th. The stock was acquired at an average cost of $79.97 per share, with a total value of $56,058.97. Following the completion of 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Information Services

Several hedge funds have recently modified their holdings of the stock. State Street Corp lifted its holdings in shares of Fidelity National Information Services by 0.9% during the third quarter. State Street Corp now owns 24,722,275 shares of the information technology services provider’s stock valued at $2,070,491,000 after purchasing an additional 211,787 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Fidelity National Information Services by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 13,051,569 shares of the information technology services provider’s stock valued at $1,052,819,000 after purchasing an additional 208,127 shares during the last quarter. Boston Partners lifted its holdings in shares of Fidelity National Information Services by 3.9% during the fourth quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider’s stock valued at $968,326,000 after purchasing an additional 446,544 shares during the last quarter. Norges Bank purchased a new stake in shares of Fidelity National Information Services during the fourth quarter valued at $635,202,000. Finally, Invesco Ltd. lifted its holdings in shares of Fidelity National Information Services by 9.1% during the fourth quarter. Invesco Ltd. now owns 7,573,133 shares of the information technology services provider’s stock valued at $611,682,000 after purchasing an additional 632,328 shares during the last quarter. 96.23% of the stock is owned by hedge funds and other 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.