Fidelity National Information Services (NYSE:FIS) Given New $113.00 Price Target at Compass Point

Fidelity National Information Services (NYSE:FIS) had its price objective dropped by analysts at Compass Point from $126.00 to $113.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the information technology services provider’s stock. Compass Point’s price target would suggest a potential upside of 54.68% from the stock’s previous close.

Several other equities analysts have also commented on the company. Stephens dropped their target price on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday. BNP Paribas downgraded shares of Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. increased their target price on Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Susquehanna downgraded shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and dropped their target price for the stock from $103.00 to $81.00 in a research report on Wednesday. Finally, Mizuho lifted their price target on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $89.32.

Fidelity National Information Services Trading Down 0.1 %

Shares of Fidelity National Information Services stock opened at $73.06 on Wednesday. The business has a 50 day moving average price of $81.08 and a 200 day moving average price of $82.94. The company has a market capitalization of $39.33 billion, a P/E ratio of 29.10, a P/E/G ratio of 0.63 and a beta of 1.04. 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 has a 1 year low of $60.39 and a 1 year high of $91.98.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. During the same period last year, the business posted $0.94 EPS. Sell-side analysts anticipate that Fidelity National Information Services will post 5.18 EPS for the current fiscal year.

Insider Buying and Selling at Fidelity National Information Services

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

Institutional Investors Weigh In On Fidelity National Information Services

Several hedge funds and other institutional investors have recently bought and sold shares of FIS. Norges Bank acquired a new position in shares of Fidelity National Information Services in the 4th quarter worth approximately $635,202,000. Blair William & Co. IL boosted its holdings in Fidelity National Information Services by 2.5% during the fourth quarter. Blair William & Co. IL now owns 406,420 shares of the information technology services provider’s stock worth $32,827,000 after buying an additional 9,772 shares in the last quarter. Howe & Rusling Inc. acquired a new position in Fidelity National Information Services in the fourth quarter worth approximately $256,000. AssuredPartners Investment Advisors LLC bought a new position in shares of Fidelity National Information Services in the fourth quarter valued at $420,000. Finally, NEOS Investment Management LLC lifted its position in shares of Fidelity National Information Services by 31.3% during the 4th quarter. NEOS Investment Management LLC now owns 36,073 shares of the information technology services provider’s stock valued at $2,914,000 after acquiring an additional 8,608 shares during the last quarter. 96.23% of the stock is currently owned by 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.