Fidelity National Information Services (NYSE:FIS) Downgraded to “Outperform” Rating by Raymond James

Fidelity National Information Services (NYSE:FIS) was downgraded by investment analysts at Raymond James from a “strong-buy” rating to an “outperform” rating in a report released on Monday,Briefing.com Automated Import reports. They currently have a $101.00 price target on the information technology services provider’s stock, down from their previous price target of $115.00. Raymond James’ target price would indicate a potential upside of 25.84% from the stock’s current price.

FIS has been the subject of a number of other research reports. BNP Paribas lowered Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. increased their price objective on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. TD Cowen boosted their target price on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Jefferies Financial Group boosted their price objective on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Finally, Robert W. Baird raised their target price on Fidelity National Information Services from $92.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Fidelity National Information Services has a consensus rating of “Moderate Buy” and a consensus price target of $92.19.

Fidelity National Information Services Trading Up 0.2 %

NYSE FIS opened at $80.26 on Monday. The firm has a market capitalization of $43.21 billion, a price-to-earnings ratio of 31.98, a PEG ratio of 0.72 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. Fidelity National Information Services has a one year low of $58.24 and a one year high of $91.98. The company’s 50 day moving average price is $85.15 and its 200 day moving average price is $82.11.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The business had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter last year, the firm posted $0.94 EPS. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, sell-side analysts predict that Fidelity National Information Services will post 5.18 EPS for the current year.

Insider Buying and Selling

In other news, EVP Lenore D. Williams sold 11,305 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $87.97, for a total transaction of $994,500.85. Following the completion of the transaction, the executive vice president now directly owns 32,199 shares of the company’s stock, valued at approximately $2,832,546.03. This represents a 25.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey A. Goldstein purchased 626 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was bought 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 in the company, valued at approximately $917,535.25. The trade was a 6.41 % increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Fidelity National Information Services

Several institutional investors have recently modified their holdings of FIS. Nordea Investment Management AB boosted its stake in Fidelity National Information Services by 1,304.8% during the 4th quarter. Nordea Investment Management AB now owns 605,237 shares of the information technology services provider’s stock valued at $48,927,000 after purchasing an additional 562,154 shares during the period. Everence Capital Management Inc. raised its holdings in shares of Fidelity National Information Services by 68.2% during the fourth quarter. Everence Capital Management Inc. now owns 12,380 shares of the information technology services provider’s stock valued at $1,000,000 after buying an additional 5,020 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Fidelity National Information Services by 11.5% during the fourth quarter. GAMMA Investing LLC now owns 13,232 shares of the information technology services provider’s stock worth $1,069,000 after buying an additional 1,364 shares during the period. Versant Capital Management Inc grew its holdings in Fidelity National Information Services by 32.4% in the 4th quarter. Versant Capital Management Inc now owns 968 shares of the information technology services provider’s stock worth $78,000 after buying an additional 237 shares in the last quarter. Finally, Old Port Advisors increased its position in 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 valued at $232,000 after acquiring an additional 135 shares during the period. 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.