Stephens Lowers Fidelity National Information Services (NYSE:FIS) Price Target to $90.00

Fidelity National Information Services (NYSE:FIS) had its price objective lowered by research analysts at Stephens from $100.00 to $90.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the information technology services provider’s stock. Stephens’ target price suggests a potential upside of 23.19% from the stock’s previous close.

FIS has been the topic of several other research reports. Jefferies Financial Group upped their price objective on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. BNP Paribas lowered shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 20th. UBS Group lifted their price target on Fidelity National Information Services from $80.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. 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. Finally, Raymond James cut Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and cut their target price for the company from $115.00 to $101.00 in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $89.32.

Fidelity National Information Services Stock Performance

Shares of FIS opened at $73.06 on Wednesday. Fidelity National Information Services has a one year low of $60.39 and a one year high of $91.98. The company has a market cap of $39.33 billion, a PE ratio of 29.10, a P/E/G ratio of 0.63 and a beta of 1.04. The stock has a 50-day moving average of $81.08 and a 200-day moving average of $82.94. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 EPS 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 previous year, the firm earned $0.94 earnings per share. On average, equities research analysts predict that Fidelity National Information Services will post 5.18 EPS for the current fiscal year.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 701 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were bought at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the purchase, the director now owns 11,098 shares in the company, valued at $887,507.06. This trade represents a 6.74 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Lenore D. Williams sold 11,305 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $87.97, for a total value of $994,500.85. Following the completion of the transaction, the executive vice president now owns 32,199 shares of the company’s stock, valued at approximately $2,832,546.03. This represents a 25.99 % decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Fidelity National Information Services

Several institutional investors and hedge funds have recently bought and sold shares of FIS. Norges Bank bought a new position in shares of Fidelity National Information Services in the fourth quarter worth $635,202,000. Raymond James Financial Inc. bought a new position in Fidelity National Information Services in the 4th quarter worth about $451,458,000. Raymond James & Associates raised its holdings in shares of Fidelity National Information Services by 449.8% in the 3rd quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider’s stock valued at $343,693,000 after acquiring an additional 3,357,329 shares in the last quarter. KBC Group NV boosted its position in shares of Fidelity National Information Services by 1,390.5% during the 4th quarter. KBC Group NV now owns 1,180,258 shares of the information technology services provider’s stock valued at $95,330,000 after acquiring an additional 1,101,072 shares during the last quarter. Finally, Nordea Investment Management AB grew its holdings in shares of Fidelity National Information Services by 1,304.8% during the fourth quarter. Nordea Investment Management AB now owns 605,237 shares of the information technology services provider’s stock worth $48,927,000 after purchasing an additional 562,154 shares in the last quarter. 96.23% of the stock is currently 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.