UBS Group Boosts Fidelity National Information Services (NYSE:FIS) Price Target to $80.00

Fidelity National Information Services (NYSE:FIS) had its price target lifted by UBS Group from $78.00 to $80.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the information technology services provider’s stock. UBS Group’s price objective would indicate a potential upside of 3.44% from the company’s previous close.

FIS has been the subject of several other reports. Bank of America increased their price objective on shares of Fidelity National Information Services from $79.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Keefe, Bruyette & Woods boosted their price objective on Fidelity National Information Services from $85.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday. Barclays raised their target price on Fidelity National Information Services from $83.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, May 9th. Stephens reissued an “overweight” rating and issued a $90.00 price target on shares of Fidelity National Information Services in a research note on Tuesday, May 7th. Finally, BNP Paribas downgraded shares of Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 price objective for the company. in a research report on Thursday, April 11th. Nine analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $80.21.

Fidelity National Information Services Trading Up 1.0 %

Shares of Fidelity National Information Services stock traded up $0.80 during trading on Wednesday, hitting $77.34. The company’s stock had a trading volume of 597,506 shares, compared to its average volume of 4,119,312. The stock has a market cap of $43.02 billion, a price-to-earnings ratio of -7.54, a price-to-earnings-growth ratio of 0.77 and a beta of 1.06. Fidelity National Information Services has a 52 week low of $46.91 and a 52 week high of $78.73. The stock has a 50-day moving average price of $75.70 and a two-hundred day moving average price of $71.62. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.52 and a quick ratio of 1.52.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.13. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. The company had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter in the prior year, the firm posted $1.55 earnings per share. The business’s quarterly revenue was up 2.7% on a year-over-year basis. Equities research analysts anticipate that Fidelity National Information Services will post 4.94 EPS for the current fiscal year.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 719 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were bought at an average price of $76.81 per share, with a total value of $55,226.39. Following the completion of the transaction, the director now directly owns 9,771 shares in the company, valued at $750,510.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.20% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FIS. Vanguard Group Inc. increased its position in shares of Fidelity National Information Services by 19.1% during the first quarter. Vanguard Group Inc. now owns 68,658,572 shares of the information technology services provider’s stock valued at $5,093,093,000 after acquiring an additional 11,023,109 shares during the last quarter. FIL Ltd raised its stake in shares of Fidelity National Information Services by 27.3% during the 4th quarter. FIL Ltd now owns 12,877,515 shares of the information technology services provider’s stock worth $773,552,000 after purchasing an additional 2,758,049 shares during the period. Charles Schwab Investment Management Inc. grew its position in Fidelity National Information Services by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,619,320 shares of the information technology services provider’s stock valued at $506,753,000 after buying an additional 121,154 shares during the period. Hotchkis & Wiley Capital Management LLC raised its position in Fidelity National Information Services by 6.8% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 8,422,766 shares of the information technology services provider’s stock worth $505,956,000 after acquiring an additional 537,180 shares during the period. Finally, Norges Bank bought a new position in shares of Fidelity National Information Services during the 4th quarter valued at approximately $478,594,000. 96.23% of the stock is 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.