Fidelity National Information Services (NYSE:FIS) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Fidelity National Information Services (NYSE:FIS) had its target price hoisted by equities researchers at Robert W. Baird from $80.00 to $82.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the information technology services provider’s stock. Robert W. Baird’s price target indicates a potential upside of 17.32% from the stock’s current price.

A number of other analysts also recently weighed in on the company. Stephens cut their target price on Fidelity National Information Services from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. Royal Bank of Canada cut their price objective on shares of Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Susquehanna cut shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and dropped their target price for the company from $103.00 to $81.00 in a research report on Wednesday, February 12th. Raymond James lowered shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and reduced their price target for the stock from $115.00 to $101.00 in a research report on Monday, January 6th. Finally, Wells Fargo & Company lowered their price objective on shares of Fidelity National Information Services from $88.00 to $80.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $88.05.

Fidelity National Information Services Trading Down 6.2 %

FIS stock opened at $69.90 on Friday. Fidelity National Information Services has a 52 week low of $66.51 and a 52 week high of $91.98. The company has a market capitalization of $37.02 billion, a PE ratio of 26.78, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06. The company’s 50-day simple moving average is $73.84 and its 200 day simple moving average is $80.75. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. During the same quarter last year, the firm posted $0.94 EPS. As a group, sell-side analysts anticipate that Fidelity National Information Services will post 5.74 earnings per share for the current year.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 701 shares of the stock in a transaction on Wednesday, January 15th. The stock was acquired at an average cost of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the acquisition, the director now owns 11,098 shares in the company, valued at $887,507.06. This trade represents a 6.74 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Information Services

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. R Squared Ltd bought a new position in shares of Fidelity National Information Services in the 4th quarter worth $30,000. Morse Asset Management Inc acquired a new position in Fidelity National Information Services during the third quarter worth $37,000. OFI Invest Asset Management bought a new position in shares of Fidelity National Information Services in the fourth quarter valued at $40,000. Grove Bank & Trust increased its position in shares of Fidelity National Information Services by 341.0% during the fourth quarter. Grove Bank & Trust now owns 516 shares of the information technology services provider’s stock worth $42,000 after acquiring an additional 399 shares in the last quarter. Finally, CoreCap Advisors LLC raised its holdings in shares of Fidelity National Information Services by 877.6% in the 4th quarter. CoreCap Advisors LLC now owns 567 shares of the information technology services provider’s stock worth $46,000 after acquiring an additional 509 shares during the last quarter. 96.23% of the stock is owned by 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.