Brokerages Set Fidelity National Information Servcs Inc (FIS) Price Target at $102.43

Shares of Fidelity National Information Servcs Inc (NYSE:FIS) have been assigned an average rating of “Buy” from the fifteen brokerages that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $104.83.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Fidelity National Information Servcs from a “hold” rating to a “buy” rating and set a $108.00 price objective for the company in a research report on Friday, February 9th. BMO Capital Markets upped their price objective on shares of Fidelity National Information Servcs from $104.00 to $118.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. They noted that the move was a valuation call. Royal Bank of Canada reiterated a “buy” rating and set a $116.00 price objective on shares of Fidelity National Information Servcs in a research report on Wednesday, February 7th. Robert W. Baird upped their price objective on shares of Fidelity National Information Servcs from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Finally, Barclays reiterated a “buy” rating and set a $115.00 price objective on shares of Fidelity National Information Servcs in a research report on Friday, January 5th.

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In other Fidelity National Information Servcs news, insider Gary Norcross sold 293,333 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $94.30, for a total value of $27,661,301.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frank R. Martire sold 190,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $98.70, for a total transaction of $18,753,000.00. Following the completion of the transaction, the director now owns 192,675 shares of the company’s stock, valued at $19,017,022.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,256,602 shares of company stock valued at $123,478,574. Corporate insiders own 2.66% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in FIS. Puzo Michael J bought a new stake in shares of Fidelity National Information Servcs in the 4th quarter valued at $235,000. Amalgamated Bank boosted its stake in shares of Fidelity National Information Servcs by 9.7% in the 4th quarter. Amalgamated Bank now owns 42,638 shares of the information technology services provider’s stock valued at $4,012,000 after purchasing an additional 3,778 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Fidelity National Information Servcs by 13.5% in the 4th quarter. Bank of Montreal Can now owns 371,371 shares of the information technology services provider’s stock valued at $34,942,000 after purchasing an additional 44,149 shares during the last quarter. Martingale Asset Management L P boosted its stake in shares of Fidelity National Information Servcs by 46.9% in the 4th quarter. Martingale Asset Management L P now owns 122,475 shares of the information technology services provider’s stock valued at $11,525,000 after purchasing an additional 39,113 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Fidelity National Information Servcs by 10.1% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 27,034 shares of the information technology services provider’s stock valued at $2,525,000 after purchasing an additional 2,474 shares during the last quarter. Hedge funds and other institutional investors own 87.90% of the company’s stock.

Shares of NYSE:FIS traded up $0.98 during midday trading on Friday, hitting $96.30. The stock had a trading volume of 1,244,759 shares, compared to its average volume of 1,467,454. The stock has a market capitalization of $31,892.54, a PE ratio of 21.79, a PEG ratio of 1.55 and a beta of 0.93. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.71. Fidelity National Information Servcs has a fifty-two week low of $78.89 and a fifty-two week high of $103.65.

Fidelity National Information Servcs (NYSE:FIS) last issued its earnings results on Tuesday, February 6th. The information technology services provider reported $1.36 EPS for the quarter, beating the consensus estimate of $1.34 by $0.02. The company had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.36 billion. Fidelity National Information Servcs had a net margin of 14.46% and a return on equity of 14.46%. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.14 EPS. research analysts predict that Fidelity National Information Servcs will post 5.18 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Friday, March 16th were given a $0.32 dividend. This is a boost from Fidelity National Information Servcs’s previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a yield of 1.33%. The ex-dividend date was Thursday, March 15th. Fidelity National Information Servcs’s dividend payout ratio is 28.96%.

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Fidelity National Information Servcs Company Profile

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other. The IFS segment is focused on serving the North American regional and community bank and savings institutions market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services.

Analyst Recommendations for Fidelity National Information Servcs (NYSE:FIS)

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