Fidelity National Information Services (NYSE:FIS) Price Target Raised to $103.00 at Susquehanna

Fidelity National Information Services (NYSE:FIS) had its target price hoisted by investment analysts at Susquehanna from $88.00 to $103.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has a “positive” rating on the information technology services provider’s stock. Susquehanna’s target price suggests a potential upside of 14.83% from the stock’s previous close.

FIS has been the subject of several other reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Morgan Stanley cut shares of Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price target on the stock. in a report on Monday, July 22nd. Stephens lifted their target price on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. upped their target price on Fidelity National Information Services from $85.00 to $89.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Finally, Jefferies Financial Group raised their target price on Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Ten research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $84.65.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS opened at $89.70 on Tuesday. The company’s fifty day moving average is $85.64 and its 200 day moving average is $79.06. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.62. Fidelity National Information Services has a 52 week low of $49.91 and a 52 week high of $91.98. The stock has a market cap of $48.94 billion, a PE ratio of 66.94, a PEG ratio of 0.79 and a beta of 1.06.

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

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 626 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were acquired 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 in the company, valued at $917,535.25. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Fidelity National Information Services

A number of institutional investors and hedge funds have recently made changes to their positions in FIS. Kennebec Savings Bank bought a new stake in shares of Fidelity National Information Services in the 3rd quarter valued at approximately $28,000. University of Texas Texas AM Investment Management Co. bought a new stake in Fidelity National Information Services in the second quarter worth $30,000. EdgeRock Capital LLC purchased a new position in Fidelity National Information Services during the second quarter worth $35,000. Family Firm Inc. purchased a new stake in shares of Fidelity National Information Services in the second quarter valued at $35,000. Finally, Concord Wealth Partners lifted its holdings in shares of Fidelity National Information Services by 50.2% in the 3rd quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock worth $37,000 after acquiring an additional 146 shares during the last quarter. 96.23% of the stock is 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.