Susquehanna Downgrades Fidelity National Information Services (NYSE:FIS) to Neutral

Fidelity National Information Services (NYSE:FIS) was downgraded by Susquehanna from a “positive” rating to a “neutral” rating in a report issued on Wednesday, Marketbeat Ratings reports. They currently have a $81.00 price target on the information technology services provider’s stock, down from their previous price target of $103.00. Susquehanna’s price objective would suggest a potential upside of 15.05% from the stock’s current price.

FIS has been the topic of a number of other reports. JPMorgan Chase & Co. raised their price target on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Wells Fargo & Company started coverage on shares of Fidelity National Information Services in a research note on Tuesday, January 14th. They issued an “equal weight” rating and a $88.00 target price for the company. Robert W. Baird upped their price target on Fidelity National Information Services from $92.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Compass Point started coverage on Fidelity National Information Services in a research report on Wednesday, November 20th. They issued a “buy” rating and a $126.00 price objective for the company. Finally, Morgan Stanley upped their target price on Fidelity National Information Services from $87.00 to $92.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $87.95.

Fidelity National Information Services Stock Performance

Shares of NYSE:FIS opened at $70.41 on Wednesday. The firm has a 50 day moving average of $80.83 and a 200 day moving average of $82.87. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $37.90 billion, a price-to-earnings ratio of 28.05, a price-to-earnings-growth ratio of 0.63 and a beta of 1.04. Fidelity National Information Services has a 52 week low of $61.62 and a 52 week high of $91.98.

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

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 701 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was purchased at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the purchase, the director now directly owns 11,098 shares in the company, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their position. The transaction was disclosed in a legal 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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CX Institutional grew its position in shares of Fidelity National Information Services by 4.0% during the 3rd quarter. CX Institutional now owns 4,422 shares of the information technology services provider’s stock valued at $370,000 after acquiring an additional 170 shares during the period. Creative Planning raised its holdings in Fidelity National Information Services by 6.9% in the 3rd quarter. Creative Planning now owns 69,023 shares of the information technology services provider’s stock worth $5,781,000 after purchasing an additional 4,452 shares during the period. Swedbank AB boosted its position in Fidelity National Information Services by 1.3% during the third quarter. Swedbank AB now owns 360,769 shares of the information technology services provider’s stock worth $30,214,000 after purchasing an additional 4,642 shares in the last quarter. SPC Financial Inc. purchased a new stake in shares of Fidelity National Information Services in the third quarter valued at approximately $327,000. Finally, ZWJ Investment Counsel Inc. lifted its position in shares of Fidelity National Information Services by 0.9% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 145,799 shares of the information technology services provider’s stock valued at $12,211,000 after buying an additional 1,309 shares in the last quarter. Hedge funds and other institutional investors 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.