TD Cowen Issues Positive Forecast for Fidelity National Information Services (NYSE:FIS) Stock Price

Fidelity National Information Services (NYSE:FIS) had its target price increased by TD Cowen from $78.00 to $86.00 in a report published on Tuesday,Benzinga reports. TD Cowen currently has a hold rating on the information technology services provider’s stock.

A number of other analysts also recently commented on FIS. Oppenheimer assumed coverage on shares of Fidelity National Information Services in a report on Tuesday, October 1st. They issued a “market perform” rating for the company. Morgan Stanley increased their price target on Fidelity National Information Services from $80.00 to $87.00 and gave the company an “equal weight” rating in a report on Tuesday. Royal Bank of Canada upped their target price on Fidelity National Information Services from $95.00 to $104.00 and gave the company an “outperform” rating in a report on Tuesday. JPMorgan Chase & Co. lifted their price target on Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, UBS Group upped their price objective on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Fidelity National Information Services has an average rating of “Moderate Buy” and an average price target of $89.68.

Fidelity National Information Services Price Performance

Shares of Fidelity National Information Services stock opened at $88.09 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.35. The business has a 50 day simple moving average of $86.07 and a two-hundred day simple moving average of $79.39. The stock has a market capitalization of $48.06 billion, a P/E ratio of 35.10, a PEG ratio of 0.80 and a beta of 1.06. Fidelity National Information Services has a 12 month low of $51.57 and a 12 month high of $91.98.

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. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter last year, the firm posted $0.94 EPS. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, analysts predict that Fidelity National Information Services will post 5.08 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.63%. Fidelity National Information Services’s payout ratio is presently 57.37%.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 626 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was bought at an average cost of $88.25 per share, with a total value of $55,244.50. Following the transaction, the director now directly owns 10,397 shares in the company, valued at $917,535.25. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.20% of the company’s stock.

Institutional Trading of Fidelity National Information Services

Large investors have recently modified their holdings of the stock. Linden Thomas Advisory Services LLC acquired a new stake in Fidelity National Information Services in the second quarter valued at approximately $1,253,000. CENTRAL TRUST Co lifted its position in shares of Fidelity National Information Services by 757.9% during the 3rd quarter. CENTRAL TRUST Co now owns 11,831 shares of the information technology services provider’s stock worth $991,000 after purchasing an additional 10,452 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Fidelity National Information Services by 572.2% during the second quarter. SG Americas Securities LLC now owns 222,601 shares of the information technology services provider’s stock worth $16,775,000 after purchasing an additional 189,484 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Fidelity National Information Services by 1.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 812,874 shares of the information technology services provider’s stock valued at $60,300,000 after buying an additional 11,655 shares during the last quarter. Finally, Mizuho Markets Americas LLC raised its stake in Fidelity National Information Services by 115.9% in the first quarter. Mizuho Markets Americas LLC now owns 3,748,200 shares of the information technology services provider’s stock valued at $278,041,000 after buying an additional 2,011,848 shares in the last quarter. 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.