Raymond James Reiterates $149.00 Price Target for Fidelity National Information Servcs (NYSE:FIS)

Fidelity National Information Servcs (NYSE:FIS) received a $149.00 target price from equities researchers at Raymond James in a research note issued on Wednesday, TipRanks reports. The brokerage presently has a “buy” rating on the information technology services provider’s stock. Raymond James’ price target suggests a potential upside of 9.16% from the company’s previous close.

Several other analysts have also recently weighed in on the company. ValuEngine cut Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. SunTrust Banks boosted their price target on Fidelity National Information Servcs to $125.00 and gave the stock a “hold” rating in a report on Wednesday, June 12th. Robert W. Baird boosted their price target on Fidelity National Information Servcs from $134.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday, July 12th. Goldman Sachs Group began coverage on Fidelity National Information Servcs in a report on Thursday, July 25th. They set a “buy” rating and a $154.00 price target on the stock. Finally, Bank of America boosted their price target on Fidelity National Information Servcs from $139.00 to $143.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Four equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $156.00.

FIS stock traded up $0.11 during midday trading on Wednesday, reaching $136.50. The company had a trading volume of 3,830,123 shares, compared to its average volume of 3,620,310. The stock has a market capitalization of $42.41 billion, a P/E ratio of 26.10, a price-to-earnings-growth ratio of 1.56 and a beta of 0.64. The company’s 50 day simple moving average is $128.42. Fidelity National Information Servcs has a 1-year low of $94.53 and a 1-year high of $137.24. The company has a debt-to-equity ratio of 1.67, a current ratio of 3.00 and a quick ratio of 1.03.

Fidelity National Information Servcs (NYSE:FIS) last posted its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.78 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.78. The business had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.11 billion. Fidelity National Information Servcs had a return on equity of 20.66% and a net margin of 8.97%. Fidelity National Information Servcs’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.23 earnings per share. Research analysts anticipate that Fidelity National Information Servcs will post 7.44 EPS for the current year.

In related news, Director James B. Stallings, Jr. sold 1,240 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $122.55, for a total value of $151,962.00. Following the sale, the director now directly owns 8,370 shares in the company, valued at $1,025,743.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.43% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC raised its position in shares of Fidelity National Information Servcs by 8.3% during the fourth quarter. Geode Capital Management LLC now owns 4,520,153 shares of the information technology services provider’s stock worth $462,775,000 after purchasing an additional 347,672 shares during the period. Huntington National Bank boosted its holdings in Fidelity National Information Servcs by 5.2% in the 1st quarter. Huntington National Bank now owns 2,103 shares of the information technology services provider’s stock worth $238,000 after buying an additional 104 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in Fidelity National Information Servcs by 0.6% in the 1st quarter. State of Alaska Department of Revenue now owns 49,324 shares of the information technology services provider’s stock worth $5,576,000 after buying an additional 301 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Fidelity National Information Servcs by 32,609.5% in the 1st quarter. Pacer Advisors Inc. now owns 27,476 shares of the information technology services provider’s stock worth $3,107,000 after buying an additional 27,392 shares during the last quarter. Finally, DNB Asset Management AS boosted its holdings in Fidelity National Information Servcs by 27.3% in the 1st quarter. DNB Asset Management AS now owns 50,825 shares of the information technology services provider’s stock worth $5,748,000 after buying an additional 10,913 shares during the last quarter. 93.03% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Information Servcs Company Profile

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

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