Fidelity National Information Services (NYSE:FIS) Given New $99.00 Price Target at JPMorgan Chase & Co.

Fidelity National Information Services (NYSE:FIS) had its price target boosted by JPMorgan Chase & Co. from $89.00 to $99.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have an overweight rating on the information technology services provider’s stock.

Several other equities research analysts have also weighed in on the stock. TD Cowen upped their target price on shares of Fidelity National Information Services from $75.00 to $78.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Morgan Stanley increased their price objective on shares of Fidelity National Information Services from $80.00 to $87.00 and gave the stock an “equal weight” rating in a report on Tuesday. Barclays increased their price objective on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Bank of America increased their price objective on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a report on Tuesday, September 17th. Finally, Oppenheimer initiated coverage on shares of Fidelity National Information Services in a report on Tuesday, October 1st. They set a “market perform” rating on the stock. Ten analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $88.75.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock traded up $1.94 on Tuesday, reaching $88.62. The stock had a trading volume of 541,808 shares, compared to its average volume of 3,766,351. The business’s 50-day moving average price is $85.85 and its two-hundred day moving average price is $79.22. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.35 and a current ratio of 1.18. Fidelity National Information Services has a fifty-two week low of $51.57 and a fifty-two week high of $91.98. The stock has a market cap of $48.35 billion, a P/E ratio of 34.53, a price-to-earnings-growth ratio of 0.80 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last released its earnings results 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 firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.94 EPS. On average, sell-side analysts forecast that Fidelity National Information Services will post 5.08 EPS for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 57.37%.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 626 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was acquired at an average price of $88.25 per share, with a total value of $55,244.50. Following the completion of the purchase, 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FIS. PNC Financial Services Group Inc. lifted its holdings in shares of Fidelity National Information Services by 4.6% in the third quarter. PNC Financial Services Group Inc. now owns 277,287 shares of the information technology services provider’s stock worth $23,223,000 after acquiring an additional 12,200 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Fidelity National Information Services in the 3rd quarter valued at approximately $7,876,000. Fifth Third Wealth Advisors LLC boosted its stake in shares of Fidelity National Information Services by 12.7% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 5,809 shares of the information technology services provider’s stock valued at $487,000 after purchasing an additional 655 shares in the last quarter. Caprock Group LLC boosted its stake in shares of Fidelity National Information Services by 115.1% in the 3rd quarter. Caprock Group LLC now owns 26,569 shares of the information technology services provider’s stock valued at $2,225,000 after purchasing an additional 14,218 shares in the last quarter. Finally, Pathstone Holdings LLC boosted its stake in shares of Fidelity National Information Services by 3.0% in the 3rd quarter. Pathstone Holdings LLC now owns 36,969 shares of the information technology services provider’s stock valued at $3,096,000 after purchasing an additional 1,093 shares in the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

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.