Fidelity National Information Servcs (NYSE:FIS) PT Set at $147.00 by Barclays

Barclays set a $147.00 price target on Fidelity National Information Servcs (NYSE:FIS) in a report issued on Monday, TipRanks reports. The firm currently has a buy rating on the information technology services provider’s stock.

Several other equities analysts have also weighed in on FIS. Moffett Nathanson began coverage on Fidelity National Information Servcs in a research note on Tuesday, May 21st. They issued a buy rating and a $147.00 price objective on the stock. Wells Fargo & Co lifted their price objective on Fidelity National Information Servcs from $117.00 to $135.00 and gave the company an outperform rating in a research note on Thursday, April 18th. Goldman Sachs Group began coverage on Fidelity National Information Servcs in a research note on Thursday, July 25th. They issued a buy rating and a $154.00 price objective on the stock. Berenberg Bank set a $171.00 price objective on Fidelity National Information Servcs and gave the company a buy rating in a research note on Friday, August 9th. Finally, Cantor Fitzgerald lifted their price objective on Fidelity National Information Servcs from $134.00 to $150.00 and gave the company an overweight rating in a research note on Thursday, August 8th. Four research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Fidelity National Information Servcs currently has a consensus rating of Buy and a consensus price target of $143.61.

FIS opened at $134.94 on Monday. The company has a debt-to-equity ratio of 1.67, a current ratio of 3.00 and a quick ratio of 3.00. The stock has a market capitalization of $42.91 billion, a price-to-earnings ratio of 25.80, a price-to-earnings-growth ratio of 2.53 and a beta of 0.64. The business has a 50-day moving average of $130.12 and a two-hundred day moving average of $117.76. Fidelity National Information Servcs has a 12 month low of $94.53 and a 12 month high of $137.24.

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 consensus estimate of $1.78. The company had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.11 billion. Fidelity National Information Servcs had a return on equity of 20.66% and a net margin of 8.97%. The firm’s revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.23 EPS. Equities research analysts anticipate that Fidelity National Information Servcs will post 5.86 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Thursday, September 12th. Fidelity National Information Servcs’s dividend payout ratio (DPR) is presently 26.77%.

In related news, Director James B. Stallings, Jr. sold 1,240 shares of the business’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 transaction of $151,962.00. Following the transaction, the director now directly owns 8,370 shares of the company’s stock, valued at approximately $1,025,743.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gary L. Lauer sold 9,981 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $135.77, for a total value of $1,355,120.37. Following the transaction, the director now directly owns 18,621 shares in the company, valued at $2,528,173.17. The disclosure for this sale can be found here. Insiders own 1.43% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in FIS. O Shaughnessy Asset Management LLC acquired a new position in Fidelity National Information Servcs during the 1st quarter worth approximately $29,000. Redhawk Wealth Advisors Inc. acquired a new position in Fidelity National Information Servcs during the 2nd quarter worth approximately $29,000. Global Retirement Partners LLC lifted its position in Fidelity National Information Servcs by 46.6% during the 1st quarter. Global Retirement Partners LLC now owns 283 shares of the information technology services provider’s stock worth $32,000 after acquiring an additional 90 shares in the last quarter. Doyle Wealth Management acquired a new position in shares of Fidelity National Information Servcs in the 2nd quarter valued at approximately $32,000. Finally, Berman Capital Advisors LLC raised its position in shares of Fidelity National Information Servcs by 44.4% in the 1st quarter. Berman Capital Advisors LLC now owns 312 shares of the information technology services provider’s stock valued at $35,000 after purchasing an additional 96 shares in 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.

Further Reading: Margin

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

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