Keefe, Bruyette & Woods Cuts Fidelity National Information Services (NYSE:FIS) Price Target to $92.00

Fidelity National Information Services (NYSE:FIS) had its price target dropped by equities researchers at Keefe, Bruyette & Woods from $102.00 to $92.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the information technology services provider’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 30.67% from the company’s previous close.

FIS has been the topic of several other research reports. Stephens upped their target price on Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Compass Point started coverage on Fidelity National Information Services in a report on Wednesday, November 20th. They issued a “buy” rating and a $126.00 price target on the stock. Jefferies Financial Group increased their price objective on Fidelity National Information Services from $80.00 to $90.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. Mizuho increased their price objective on Fidelity National Information Services from $91.00 to $104.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Finally, BNP Paribas downgraded Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $87.95.

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $70.41 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18. Fidelity National Information Services has a fifty-two week low of $61.62 and a fifty-two week high of $91.98. The stock has a market capitalization of $37.90 billion, a PE ratio of 28.05, a P/E/G ratio of 0.63 and a beta of 1.04. The business has a fifty day moving average price of $80.83 and a two-hundred day moving average price of $82.87.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 in the previous year, the firm posted $0.94 earnings per share. As a group, equities analysts predict that Fidelity National Information Services will post 5.18 earnings per share for the current fiscal year.

Insider Buying and Selling at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein acquired 701 shares of Fidelity National Information Services stock in a transaction dated 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 of the company’s stock, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Information Services

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bradley Foster & Sargent Inc. CT increased its stake in shares of Fidelity National Information Services by 4.7% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 2,869 shares of the information technology services provider’s stock worth $232,000 after purchasing an additional 128 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its stake in shares of Fidelity National Information Services by 2.2% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 5,938 shares of the information technology services provider’s stock worth $480,000 after purchasing an additional 129 shares in the last quarter. Graypoint LLC increased its stake in shares of Fidelity National Information Services by 4.6% in the 3rd quarter. Graypoint LLC now owns 3,026 shares of the information technology services provider’s stock worth $253,000 after purchasing an additional 132 shares in the last quarter. Old Port Advisors increased its stake in shares of Fidelity National Information Services by 4.9% in the 4th quarter. Old Port Advisors now owns 2,867 shares of the information technology services provider’s stock worth $232,000 after purchasing an additional 135 shares in the last quarter. Finally, Aptus Capital Advisors LLC increased its stake in shares of Fidelity National Information Services by 3.9% in the 3rd quarter. Aptus Capital Advisors LLC now owns 3,679 shares of the information technology services provider’s stock worth $308,000 after purchasing an additional 137 shares in the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

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.