Fidelity National Information Services (NYSE:FIS) Price Target Raised to $94.00 at Robert W. Baird

Fidelity National Information Services (NYSE:FIS) had its price objective lifted by Robert W. Baird from $92.00 to $94.00 in a research note published on Tuesday morning, Benzinga reports. The firm currently has a neutral rating on the information technology services provider’s stock.

Several other analysts also recently issued reports on FIS. JPMorgan Chase & Co. raised their price objective on shares of Fidelity National Information Services from $85.00 to $89.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. Jefferies Financial Group boosted their price objective on Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. UBS Group increased their target price on 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. TD Cowen boosted their target price on shares of Fidelity National Information Services from $75.00 to $78.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Finally, Oppenheimer started coverage on shares of Fidelity National Information Services in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock. Ten analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.75.

Fidelity National Information Services Stock Performance

NYSE FIS opened at $86.57 on Tuesday. The business’s 50 day moving average price is $85.75 and its 200-day moving average price is $79.17. Fidelity National Information Services has a fifty-two week low of $49.91 and a fifty-two week high of $91.98. The company has a market cap of $47.23 billion, a P/E ratio of 34.49, a P/E/G ratio of 0.79 and a beta of 1.06. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.35 and a current ratio of 1.35.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. The business had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.56 billion. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The business’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.94 earnings per share. Sell-side analysts predict that Fidelity National Information Services will post 5.09 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date is Monday, December 9th. Fidelity National Information Services’s payout ratio is currently 57.37%.

Insiders Place Their Bets

In other news, Director Jeffrey A. Goldstein purchased 626 shares of the stock in a transaction dated Tuesday, October 15th. The shares were acquired at an average cost of $88.25 per share, for a total transaction 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. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Fidelity National Information Services

A number of hedge funds and other institutional investors have recently bought and sold shares of FIS. Kennebec Savings Bank acquired a new position in shares of Fidelity National Information Services during the third quarter worth $28,000. University of Texas Texas AM Investment Management Co. purchased a new position in Fidelity National Information Services during the 2nd quarter worth $30,000. Concord Wealth Partners increased its position in Fidelity National Information Services by 50.2% during the 3rd 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. Family Firm Inc. acquired a new position in Fidelity National Information Services during the 2nd quarter valued at about $35,000. Finally, EdgeRock Capital LLC purchased a new stake in Fidelity National Information Services in the second quarter valued at about $35,000. Hedge funds and other institutional investors 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.