Fidelity National Information Servcs (NYSE:FIS) PT Raised to $157.00

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Fidelity National Information Servcs (NYSE:FIS) had its target price raised by equities researchers at Morgan Stanley from $146.00 to $157.00 in a research report issued to clients and investors on Friday, BenzingaRatingsTable reports. The firm currently has an “equal weight” rating on the information technology services provider’s stock. Morgan Stanley’s price objective would suggest a potential downside of 0.37% from the company’s current price.

A number of other analysts have also issued reports on FIS. Raymond James raised their price target on Fidelity National Information Servcs from $157.00 to $179.00 and gave the stock a “strong-buy” rating in a research note on Monday. Cantor Fitzgerald raised their price target on Fidelity National Information Servcs from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday. Robert W. Baird raised their price target on Fidelity National Information Servcs from $162.00 to $166.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Moffett Nathanson lowered Fidelity National Information Servcs from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 7th. Finally, ValuEngine raised Fidelity National Information Servcs from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Six investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $160.82.

Fidelity National Information Servcs stock traded up $3.26 during midday trading on Friday, reaching $157.58. 1,518,905 shares of the company were exchanged, compared to its average volume of 3,141,540. The company has a market capitalization of $92.18 billion, a price-to-earnings ratio of 74.33, a P/E/G ratio of 2.66 and a beta of 0.63. The firm’s 50-day simple moving average is $144.42 and its 200-day simple moving average is $136.71. Fidelity National Information Servcs has a 1 year low of $104.73 and a 1 year high of $156.82. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.86 and a current ratio of 0.86.

Fidelity National Information Servcs (NYSE:FIS) last posted its quarterly earnings data on Thursday, February 13th. The information technology services provider reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.04. Fidelity National Information Servcs had a return on equity of 12.07% and a net margin of 8.24%. The firm had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.33 billion. During the same quarter last year, the business posted $1.60 EPS. The firm’s quarterly revenue was up 54.2% compared to the same quarter last year. On average, analysts forecast that Fidelity National Information Servcs will post 5.51 EPS for the current fiscal year.

In other news, Director James B. Stallings, Jr. sold 782 shares of Fidelity National Information Servcs stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $136.95, for a total value of $107,094.90. Following the transaction, the director now directly owns 7,288 shares of the company’s stock, valued at approximately $998,091.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Marc M. Mayo sold 18,084 shares of Fidelity National Information Servcs stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $140.00, for a total value of $2,531,760.00. Following the completion of the transaction, the executive vice president now directly owns 23,202 shares in the company, valued at $3,248,280. The disclosure for this sale can be found here. Insiders sold a total of 36,952 shares of company stock worth $5,351,755 over the last ninety days. Corporate insiders own 1.43% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FIS. Hall Laurie J Trustee acquired a new position in Fidelity National Information Servcs during the 3rd quarter worth approximately $25,000. Ironwood Financial llc acquired a new position in Fidelity National Information Servcs during the 3rd quarter worth approximately $25,000. Lenox Wealth Management Inc. acquired a new position in Fidelity National Information Servcs during the 3rd quarter worth approximately $25,000. Arlington Partners LLC acquired a new position in Fidelity National Information Servcs during the 3rd quarter worth approximately $30,000. Finally, Capital Investment Advisory Services LLC lifted its position in Fidelity National Information Servcs by 920.0% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 255 shares of the information technology services provider’s stock worth $34,000 after acquiring an additional 230 shares in the last quarter. 90.07% of the stock is currently 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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Analyst Recommendations for Fidelity National Information Servcs (NYSE:FIS)

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