Fidelity National Information Services (NYSE:FIS) PT Raised to $98.00 at Barclays

Fidelity National Information Services (NYSE:FIS) had its target price upped by equities research analysts at Barclays from $90.00 to $98.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the information technology services provider’s stock. Barclays‘s price target would suggest a potential upside of 12.97% from the company’s current price.

Several other analysts have also commented on FIS. Deutsche Bank Aktiengesellschaft increased their target price on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Bank of America raised their price objective on Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a research note on Tuesday, September 17th. Oppenheimer began coverage on Fidelity National Information Services in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock. Keefe, Bruyette & Woods increased their price target on Fidelity National Information Services from $85.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Finally, Royal Bank of Canada lifted their price target on Fidelity National Information Services from $93.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Ten research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Fidelity National Information Services has an average rating of “Moderate Buy” and an average target price of $81.65.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS opened at $86.75 on Thursday. The stock has a market cap of $47.33 billion, a price-to-earnings ratio of 64.74, a PEG ratio of 0.77 and a beta of 1.08. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.35 and a quick ratio of 1.35. Fidelity National Information Services has a 12 month low of $46.91 and a 12 month high of $87.90. The stock’s 50 day moving average price is $81.54 and its 200 day moving average price is $76.91.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.13. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The company had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.49 billion. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.55 EPS. Equities research analysts anticipate that Fidelity National Information Services will post 5.08 earnings per share for the current fiscal year.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 719 shares of Fidelity National Information Services stock in a transaction on Monday, July 15th. The stock was purchased at an average cost of $76.81 per share, for a total transaction of $55,226.39. Following the completion of the purchase, the director now directly owns 9,771 shares of the company’s stock, valued at $750,510.51. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Fidelity National Information Services

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Fidelity National Information Services by 19.1% in the 1st quarter. Vanguard Group Inc. now owns 68,658,572 shares of the information technology services provider’s stock worth $5,093,093,000 after acquiring an additional 11,023,109 shares during the period. FIL Ltd increased its stake in shares of Fidelity National Information Services by 27.3% in the fourth quarter. FIL Ltd now owns 12,877,515 shares of the information technology services provider’s stock worth $773,552,000 after purchasing an additional 2,758,049 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Fidelity National Information Services by 5.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,251,434 shares of the information technology services provider’s stock worth $395,729,000 after purchasing an additional 249,678 shares during the last quarter. Legal & General Group Plc boosted its stake in Fidelity National Information Services by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 4,938,091 shares of the information technology services provider’s stock valued at $372,135,000 after purchasing an additional 75,429 shares during the period. Finally, Boston Partners grew its holdings in Fidelity National Information Services by 642.7% in the 1st quarter. Boston Partners now owns 4,470,605 shares of the information technology services provider’s stock valued at $331,047,000 after buying an additional 3,868,683 shares during the last quarter. 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.