Keefe, Bruyette & Woods Boosts Fidelity National Information Services (NYSE:FIS) Price Target to $88.00

Fidelity National Information Services (NYSE:FIS) had its price objective boosted by Keefe, Bruyette & Woods from $85.00 to $88.00 in a research note released on Wednesday, Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the information technology services provider’s stock.

A number of other research analysts have also commented on the company. Wedbush reaffirmed an outperform rating and set a $75.00 price target on shares of Fidelity National Information Services in a research report on Wednesday, May 8th. Royal Bank of Canada lifted their price target on shares of Fidelity National Information Services from $82.00 to $93.00 and gave the company an outperform rating in a report on Friday, June 14th. Stephens restated an overweight rating and issued a $90.00 price objective on shares of Fidelity National Information Services in a report on Tuesday, May 7th. Robert W. Baird lifted their target price on shares of Fidelity National Information Services from $78.00 to $82.00 and gave the company a neutral rating in a research note on Tuesday, May 7th. Finally, Susquehanna increased their price target on shares of Fidelity National Information Services from $86.00 to $88.00 and gave the stock a positive rating in a research note on Wednesday. Ten investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $80.45.

Fidelity National Information Services Trading Up 1.5 %

FIS stock traded up $1.16 during midday trading on Wednesday, hitting $77.59. The company had a trading volume of 2,576,083 shares, compared to its average volume of 4,137,733. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.59. Fidelity National Information Services has a 52 week low of $46.91 and a 52 week high of $78.73. The stock has a market cap of $43.16 billion, a price-to-earnings ratio of -7.58, a PEG ratio of 0.77 and a beta of 1.06. The stock’s 50 day moving average price is $75.82 and its 200 day moving average price is $71.88.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.13. Fidelity National Information Services had a negative net margin of 54.14% and a positive return on equity of 13.91%. The business had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter in the prior year, the company posted $1.55 EPS. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, equities research analysts expect that Fidelity National Information Services will post 4.94 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th will be issued a $0.36 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $1.44 annualized dividend and a yield of 1.86%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently -14.08%.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 719 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was purchased at an average price of $76.81 per share, for a total transaction of $55,226.39. Following the completion of the purchase, the director now directly owns 9,771 shares of the company’s stock, valued at $750,510.51. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. EdgeRock Capital LLC bought a new position in Fidelity National Information Services in the 4th quarter worth approximately $29,000. Rise Advisors LLC bought a new stake in Fidelity National Information Services in the 1st quarter valued at $29,000. Delta Asset Management LLC TN lifted its stake in Fidelity National Information Services by 600.0% in the 4th quarter. Delta Asset Management LLC TN now owns 525 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 450 shares in the last quarter. Family Firm Inc. bought a new position in shares of Fidelity National Information Services during the 2nd quarter valued at about $35,000. Finally, Palisade Asset Management LLC purchased a new position in shares of Fidelity National Information Services during the first quarter valued at about $37,000. 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.