Fidelity National Information Services (NYSE:FIS) Price Target Raised to $104.00

Fidelity National Information Services (NYSE:FIS) had its price target increased by Royal Bank of Canada from $95.00 to $104.00 in a research report released on Tuesday,Benzinga reports. They currently have an outperform rating on the information technology services provider’s stock.

Several other equities research analysts have also recently issued reports on the company. Susquehanna lifted their target price on Fidelity National Information Services from $88.00 to $103.00 and gave the stock a “positive” rating in a report on Tuesday. Stephens raised their target price on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Robert W. Baird upped their price target on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday. Barclays boosted their target price on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods lifted their price target on Fidelity National Information Services from $85.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.68.

Fidelity National Information Services Stock Up 1.6 %

FIS opened at $88.09 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.35 and a current ratio of 1.18. The firm’s fifty day moving average is $86.07 and its 200 day moving average is $79.39. The stock has a market cap of $48.06 billion, a price-to-earnings ratio of 35.10, a price-to-earnings-growth ratio of 0.80 and a beta of 1.06. Fidelity National Information Services has a fifty-two week low of $51.57 and a fifty-two week 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 (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 during the quarter, compared to analyst estimates of $2.56 billion. During the same period last year, the firm posted $0.94 EPS. The company’s revenue was up 3.1% on a year-over-year basis. On average, sell-side analysts forecast that Fidelity National Information Services will post 5.08 earnings per share for the current fiscal year.

Fidelity National Information Services Announces Dividend

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

Insider Activity

In related news, Director Jeffrey A. Goldstein purchased 626 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were acquired 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 of the company’s stock, valued at $917,535.25. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of 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 purchasing an additional 11,023,109 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Fidelity National Information Services by 5.0% in 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 in the last quarter. Legal & General Group Plc boosted its position in shares of Fidelity National Information Services by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 4,938,091 shares of the information technology services provider’s stock worth $372,135,000 after purchasing an additional 75,429 shares in the last quarter. Boston Partners boosted its position in shares of 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 worth $331,047,000 after purchasing an additional 3,868,683 shares in the last quarter. Finally, Raymond James & Associates lifted its position in Fidelity National Information Services by 449.8% during the 3rd quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider’s stock worth $343,693,000 after acquiring an additional 3,357,329 shares during the period. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

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.