Fidelity National Information Services (NYSE:FIS) Given New $87.00 Price Target at Morgan Stanley

Fidelity National Information Services (NYSE:FIS) had its target price increased by Morgan Stanley from $80.00 to $87.00 in a research report report published on Tuesday,Benzinga reports. The brokerage currently has an equal weight rating on the information technology services provider’s stock.

Other equities research analysts have also issued research reports about the company. Jefferies Financial Group boosted their price target on Fidelity National Information Services from $80.00 to $90.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. Stephens upped their price objective on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Oppenheimer assumed coverage on Fidelity National Information Services in a research report on Tuesday, October 1st. They issued a “market perform” rating for the company. UBS Group lifted their price target on shares of Fidelity National Information Services from $78.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Finally, Robert W. Baird raised their price objective on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday. Ten equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.75.

Fidelity National Information Services Stock Up 2.2 %

Shares of Fidelity National Information Services stock traded up $1.94 during trading on Tuesday, hitting $88.62. 541,808 shares of the stock were exchanged, compared to its average volume of 3,766,351. Fidelity National Information Services has a 12-month low of $51.57 and a 12-month high of $91.98. The stock has a market cap of $48.35 billion, a price-to-earnings ratio of 34.53, a price-to-earnings-growth ratio of 0.80 and a beta of 1.06. The firm’s 50-day moving average price is $85.85 and its 200 day moving average price is $79.22. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick 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, topping analysts’ consensus estimates of $1.29 by $0.11. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. Fidelity National Information Services’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.94 EPS. As a group, analysts forecast that Fidelity National Information Services will post 5.08 earnings per share for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Monday, December 9th. Fidelity National Information Services’s payout ratio is presently 57.37%.

Insider Activity

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 626 shares of Fidelity National Information Services stock in a transaction dated Tuesday, October 15th. The stock was bought at an average cost of $88.25 per share, with a total value of $55,244.50. Following the acquisition, the director now owns 10,397 shares of the company’s stock, valued at approximately $917,535.25. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Fidelity National Information Services

Several institutional investors have recently modified their holdings of the business. Kennebec Savings Bank acquired a new stake in shares of Fidelity National Information Services during the third quarter worth about $28,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Fidelity National Information Services in the second quarter valued at approximately $30,000. EdgeRock Capital LLC bought a new stake in shares of Fidelity National Information Services during the 2nd quarter worth approximately $35,000. Family Firm Inc. acquired a new stake in shares of Fidelity National Information Services in the 2nd quarter valued at approximately $35,000. Finally, Concord Wealth Partners grew its stake in shares of Fidelity National Information Services by 50.2% in the third quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock valued at $37,000 after buying an additional 146 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

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.