Fidelity National Information Services (NYSE:FIS) Given New $104.00 Price Target at Mizuho

Fidelity National Information Services (NYSE:FIS) had its target price raised by Mizuho from $91.00 to $104.00 in a research note issued to investors on Tuesday morning, Benzinga reports. They currently have an outperform rating on the information technology services provider’s stock.

Several other analysts also recently commented on FIS. Susquehanna increased their target price on Fidelity National Information Services from $88.00 to $103.00 and gave the company a “positive” rating in a research note on Tuesday. Stephens boosted their target price on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Morgan Stanley raised their price target on shares of Fidelity National Information Services from $80.00 to $87.00 and gave the company an “equal weight” rating in a report on Tuesday. Royal Bank of Canada boosted their price objective on shares of Fidelity National Information Services from $95.00 to $104.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Bank of America increased their price objective on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the company a “buy” rating in a research report on Tuesday, September 17th. Ten investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $88.75.

Fidelity National Information Services Price Performance

Shares of FIS opened at $86.57 on Tuesday. The firm’s 50-day simple moving average is $85.75 and its two-hundred day simple moving average is $79.17. Fidelity National Information Services has a fifty-two week low of $49.91 and a fifty-two week high of $91.98. The stock has a market cap of $47.23 billion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.35 and a current ratio of 1.35.

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

Fidelity National Information Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.66%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 57.37%.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein purchased 626 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was acquired at an average cost of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the transaction, 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 position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Fidelity National Information Services

Several large investors have recently made changes to their positions in the business. Chase Investment Counsel Corp grew its position in shares of Fidelity National Information Services by 52.8% during the third quarter. Chase Investment Counsel Corp now owns 65,790 shares of the information technology services provider’s stock worth $5,509,000 after purchasing an additional 22,742 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Fidelity National Information Services by 6.2% in the 3rd quarter. Victory Capital Management Inc. now owns 203,701 shares of the information technology services provider’s stock worth $17,060,000 after purchasing an additional 11,933 shares during the period. Aptus Capital Advisors LLC grew its holdings in Fidelity National Information Services by 3.9% during the 3rd quarter. Aptus Capital Advisors LLC now owns 3,679 shares of the information technology services provider’s stock valued at $308,000 after buying an additional 137 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of Fidelity National Information Services during the third quarter valued at approximately $590,000. Finally, Harbour Investments Inc. lifted its holdings in shares of Fidelity National Information Services by 14.7% in the third quarter. Harbour Investments Inc. now owns 20,412 shares of the information technology services provider’s stock worth $1,710,000 after buying an additional 2,609 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.