Fidelity National Information Services (NYSE:FIS) Stock Price Expected to Rise, Mizuho Analyst Says

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

Several other research firms have also weighed in on FIS. JPMorgan Chase & Co. lifted their price objective on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a research note on Tuesday. UBS Group lifted their price target on shares of Fidelity National Information Services from $78.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Jefferies Financial Group lifted their price target on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Royal Bank of Canada lifted their price target on shares of Fidelity National Information Services from $95.00 to $104.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Barclays lifted their price target on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Ten research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $88.75.

Fidelity National Information Services Trading Up 2.2 %

Shares of NYSE:FIS traded up $1.94 during mid-day trading on Tuesday, hitting $88.62. The company had a trading volume of 541,808 shares, compared to its average volume of 3,766,351. The firm has a fifty day moving average price of $85.85 and a 200 day moving average price of $79.22. The company has a market capitalization of $48.35 billion, a PE ratio of 34.53, a price-to-earnings-growth ratio of 0.80 and a beta of 1.06. 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 has a one year low of $51.57 and a one year high of $91.98.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.11. The company had revenue of $2.57 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.94 EPS. As a group, research analysts forecast that Fidelity National Information Services will post 5.08 EPS for the current year.

Fidelity National Information Services Announces Dividend

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 issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Monday, December 9th. Fidelity National Information Services’s dividend payout ratio (DPR) is currently 57.37%.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein purchased 626 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were 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 $917,535.25. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Fidelity National Information Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kennebec Savings Bank bought a new stake in shares of Fidelity National Information Services during the third quarter valued at about $28,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Fidelity National Information Services during the second quarter valued at about $30,000. EdgeRock Capital LLC bought a new stake in shares of Fidelity National Information Services during the second quarter valued at about $35,000. Family Firm Inc. bought a new stake in shares of Fidelity National Information Services during the second quarter valued at about $35,000. Finally, Concord Wealth Partners increased its position 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 worth $37,000 after purchasing an additional 146 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors.

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.