Fidelity National Information Servcs (NYSE:FIS) had its price objective upped by analysts at Bank of America from $139.00 to $143.00 in a research note issued to investors on Tuesday, May 21st, Stock Target Advisor reports. The brokerage presently has a “buy” rating on the information technology services provider’s stock. Bank of America‘s price target would suggest a potential upside of 17.79% from the company’s previous close.
A number of other analysts have also commented on the stock. Cantor Fitzgerald reaffirmed a “buy” rating and set a $122.00 target price on shares of Fidelity National Information Servcs in a report on Tuesday, April 2nd. Guggenheim lifted their price target on shares of Fidelity National Information Servcs to $135.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd. Zacks Investment Research raised shares of Fidelity National Information Servcs from a “hold” rating to a “buy” rating and set a $119.00 price target on the stock in a research report on Friday, February 15th. ValuEngine cut shares of Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a research report on Tuesday, January 29th. Finally, SunTrust Banks cut shares of Fidelity National Information Servcs from a “buy” rating to a “hold” rating and set a $106.54 price objective on the stock. in a research report on Tuesday, March 19th. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $132.50.
FIS traded up $0.56 during midday trading on Tuesday, reaching $121.40. 1,613,898 shares of the company’s stock were exchanged, compared to its average volume of 2,958,383. The stock has a market cap of $39.10 billion, a price-to-earnings ratio of 23.21, a P/E/G ratio of 1.35 and a beta of 0.66. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.86. Fidelity National Information Servcs has a one year low of $94.53 and a one year high of $123.28.
Fidelity National Information Servcs (NYSE:FIS) last posted its quarterly earnings data on Tuesday, April 30th. The information technology services provider reported $1.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.07. The company had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.02 billion. Fidelity National Information Servcs had a net margin of 9.66% and a return on equity of 18.68%. The company’s revenue was down .4% on a year-over-year basis. During the same quarter last year, the business posted $1.09 earnings per share. Equities research analysts expect that Fidelity National Information Servcs will post 7.46 EPS for the current fiscal year.
In related news, Director Alexandar Navab, Jr. purchased 5,075 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were acquired at an average price of $107.22 per share, for a total transaction of $544,141.50. Following the purchase, the director now owns 5,075 shares in the company, valued at $544,141.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James B. Stallings, Jr. sold 1,240 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $122.55, for a total transaction of $151,962.00. Following the transaction, the director now owns 8,370 shares in the company, valued at approximately $1,025,743.50. The disclosure for this sale can be found here. 1.43% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of FIS. Essex Savings Bank acquired a new stake in shares of Fidelity National Information Servcs during the fourth quarter worth $25,000. Whittier Trust Co. of Nevada Inc. increased its position in shares of Fidelity National Information Servcs by 376.9% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 248 shares of the information technology services provider’s stock worth $25,000 after buying an additional 196 shares during the period. O Shaughnessy Asset Management LLC acquired a new stake in shares of Fidelity National Information Servcs during the first quarter worth $29,000. Doyle Wealth Management acquired a new stake in shares of Fidelity National Information Servcs during the fourth quarter worth $27,000. Finally, Sontag Advisory LLC acquired a new stake in shares of Fidelity National Information Servcs during the fourth quarter worth $27,000. 92.67% of the stock is owned by institutional investors and hedge funds.
About Fidelity National Information Servcs
Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through Integrated Financial Solutions and Global Financial Solutions segments. The Integrated Financial Solutions segment offers core processing and ancillary applications; digital solutions, including Internet, mobile, and e-banking; fraud, risk management, and compliance solutions; electronic funds transfer and network services; card and retail solutions; corporate liquidity and wealth management services; item processing and output services; government payments solutions; and e-payment solutions.
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