Fidelity National Information Services (NYSE:FIS) Price Target Raised to $99.00 at JPMorgan Chase & Co.

Fidelity National Information Services (NYSE:FIS) had its price objective hoisted by JPMorgan Chase & Co. from $89.00 to $99.00 in a research report released on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the information technology services provider’s stock.

A number of other equities analysts have also commented on FIS. Oppenheimer began coverage on shares of Fidelity National Information Services in a research report on Tuesday, October 1st. They issued a “market perform” rating for the company. Keefe, Bruyette & Woods raised their price objective on shares of Fidelity National Information Services from $85.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Stephens raised their price objective on shares of 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. Morgan Stanley raised their price objective on shares of Fidelity National Information Services from $80.00 to $87.00 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, UBS Group raised their target price on shares of Fidelity National Information Services from $78.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Fidelity National Information Services has an average rating of “Moderate Buy” and a consensus target price of $89.68.

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $88.09 on Tuesday. Fidelity National Information Services has a 1-year low of $51.57 and a 1-year high of $91.98. The company has a current ratio of 1.18, a quick ratio of 1.35 and a debt-to-equity ratio of 0.63. The stock has a fifty day simple moving average of $86.07 and a two-hundred day simple moving average of $79.39. The firm has a market cap of $48.06 billion, a price-to-earnings ratio of 35.10, a price-to-earnings-growth ratio of 0.80 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The firm had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.56 billion. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the business earned $0.94 earnings per share. Analysts anticipate that Fidelity National Information Services will post 5.08 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Monday, December 9th. Fidelity National Information Services’s payout ratio is 57.37%.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein bought 626 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were bought at an average cost of $88.25 per share, with a total value of $55,244.50. Following the completion of the purchase, the director now directly owns 10,397 shares in the company, valued at $917,535.25. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 0.20% of the stock is owned by insiders.

Institutional Trading of Fidelity National Information Services

Several large investors have recently added to or reduced their stakes in the stock. Moors & Cabot Inc. boosted its holdings in Fidelity National Information Services by 14.4% in the third quarter. Moors & Cabot Inc. now owns 8,339 shares of the information technology services provider’s stock valued at $698,000 after acquiring an additional 1,047 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Fidelity National Information Services by 4.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 277,287 shares of the information technology services provider’s stock valued at $23,223,000 after buying an additional 12,200 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Fidelity National Information Services during the 3rd quarter valued at $7,876,000. Fifth Third Wealth Advisors LLC boosted its holdings in shares of Fidelity National Information Services by 12.7% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 5,809 shares of the information technology services provider’s stock valued at $487,000 after buying an additional 655 shares in the last quarter. Finally, Caprock Group LLC raised its position in shares of Fidelity National Information Services by 115.1% in the 3rd quarter. Caprock Group LLC now owns 26,569 shares of the information technology services provider’s stock worth $2,225,000 after purchasing an additional 14,218 shares during the last quarter. 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.