Fidelity National Information Services (NYSE:FIS) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Fidelity National Information Services (NYSE:FIS) had its price target lifted by analysts at Keefe, Bruyette & Woods from $97.00 to $102.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the information technology services provider’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 18.04% from the stock’s current price.

A number of other analysts have also commented on the company. UBS Group boosted their target price on Fidelity National Information Services from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. boosted their target price on Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft boosted their target price on Fidelity National Information Services from $70.00 to $73.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Stephens boosted their target price on Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Finally, Oppenheimer initiated coverage on Fidelity National Information Services in a research report on Tuesday, October 1st. They issued a “market perform” rating for the company. Ten research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $88.75.

Fidelity National Information Services Stock Performance

FIS stock opened at $86.41 on Tuesday. The stock has a 50-day moving average price of $85.85 and a 200-day moving average price of $79.22. Fidelity National Information Services has a 1-year low of $49.91 and a 1-year high of $91.98. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.62. The firm has a market cap of $47.14 billion, a PE ratio of 34.43, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.11. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The firm had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same period last year, the company posted $0.94 EPS. The business’s quarterly revenue was up 3.1% on a year-over-year basis. As a group, equities research analysts expect that Fidelity National Information Services will post 5.09 earnings per share for the current year.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 626 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were purchased at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the purchase, the director now directly owns 10,397 shares of the company’s stock, valued at approximately $917,535.25. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Fidelity National Information Services

Several institutional investors have recently bought and sold shares of the company. Atlanta Consulting Group Advisors LLC purchased a new position in Fidelity National Information Services in the third quarter valued at approximately $342,000. Maxwell Wealth Strategies Inc. purchased a new position in Fidelity National Information Services in the third quarter valued at approximately $1,294,000. Empirical Finance LLC lifted its stake in Fidelity National Information Services by 1.7% in the third quarter. Empirical Finance LLC now owns 20,063 shares of the information technology services provider’s stock valued at $1,680,000 after purchasing an additional 328 shares during the last quarter. CIBC Asset Management Inc lifted its stake in Fidelity National Information Services by 6.7% in the third quarter. CIBC Asset Management Inc now owns 136,219 shares of the information technology services provider’s stock valued at $11,408,000 after purchasing an additional 8,595 shares during the last quarter. Finally, KBC Group NV lifted its stake in Fidelity National Information Services by 0.7% in the third quarter. KBC Group NV now owns 79,186 shares of the information technology services provider’s stock valued at $6,631,000 after purchasing an additional 523 shares during the last quarter. 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.