Royal Bank of Canada Reiterates Outperform Rating for Fidelity National Information Services (NYSE:FIS)

Fidelity National Information Services (NYSE:FIS)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Royal Bank of Canada in a research note issued on Wednesday,Benzinga reports. They presently have a $104.00 target price on the information technology services provider’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 31.26% from the company’s current price.

Several other research analysts also recently commented on the company. UBS Group raised their price objective on Fidelity National Information Services from $80.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Raymond James downgraded Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the company from $115.00 to $101.00 in a report on Monday, January 6th. Mizuho increased their target price on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. boosted 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. Finally, Keefe, Bruyette & Woods upped their price target on shares of Fidelity National Information Services from $97.00 to $102.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $92.00.

Fidelity National Information Services Stock Up 0.9 %

NYSE:FIS opened at $79.23 on Wednesday. The company has a market cap of $42.66 billion, a price-to-earnings ratio of 31.57, a price-to-earnings-growth ratio of 0.60 and a beta of 1.04. Fidelity National Information Services has a twelve month low of $59.90 and a twelve month high of $91.98. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63. The stock has a fifty day simple moving average of $82.54 and a 200-day simple moving average of $82.36.

Fidelity National Information Services (NYSE:FIS) last announced 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 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%. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the business posted $0.94 EPS. Analysts anticipate that Fidelity National Information Services will post 5.18 EPS for the current year.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 701 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were bought at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the acquisition, the director now owns 11,098 shares in the company, valued at $887,507.06. This represents a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Lenore D. Williams sold 11,305 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $87.97, for a total transaction of $994,500.85. Following the completion of the sale, the executive vice president now directly owns 32,199 shares in the company, valued at $2,832,546.03. This trade represents a 25.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Fidelity National Information Services

Institutional investors have recently modified their holdings of the stock. Larson Financial Group LLC raised its position in Fidelity National Information Services by 94.1% during the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider’s stock valued at $27,000 after acquiring an additional 159 shares in the last quarter. Kennebec Savings Bank purchased a new position in shares of Fidelity National Information Services during the 3rd quarter valued at approximately $28,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Fidelity National Information Services in the 2nd quarter valued at $30,000. R Squared Ltd purchased a new stake in Fidelity National Information Services during the fourth quarter worth $30,000. Finally, Groupama Asset Managment grew its position in Fidelity National Information Services by 0.8% during the third quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider’s stock valued at $35,000 after buying an additional 319 shares during the period. 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.