Deutsche Bank Aktiengesellschaft Raises Fidelity National Information Services (NYSE:FIS) Price Target to $73.00

Fidelity National Information Services (NYSE:FIS) had its target price boosted by equities research analysts at Deutsche Bank Aktiengesellschaft from $70.00 to $73.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a “hold” rating on the information technology services provider’s stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential downside of 5.16% from the company’s current price.

Several other equities analysts have also commented on the stock. Susquehanna increased their price objective on shares of Fidelity National Information Services from $86.00 to $88.00 and gave the company a “positive” rating in a research report on Wednesday. Royal Bank of Canada lifted their price target on Fidelity National Information Services from $93.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday. Stephens restated an “overweight” rating and set a $90.00 price objective on shares of Fidelity National Information Services in a research report on Tuesday, May 7th. TD Cowen lifted their target price on Fidelity National Information Services from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, May 8th. Finally, Morgan Stanley downgraded Fidelity National Information Services from an “overweight” rating to an “equal weight” rating and set a $79.00 price target for the company. in a research report on Monday, July 22nd. Ten investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Fidelity National Information Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.05.

Fidelity National Information Services Price Performance

Shares of FIS traded up $0.43 during midday trading on Wednesday, hitting $76.97. 2,642,976 shares of the company traded hands, compared to its average volume of 4,132,858. Fidelity National Information Services has a 52 week low of $46.91 and a 52 week high of $78.73. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.52 and a current ratio of 1.52. The firm has a 50 day moving average of $75.70 and a 200-day moving average of $71.62. The stock has a market cap of $42.81 billion, a price-to-earnings ratio of -7.58, a PEG ratio of 0.77 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.13. The business had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.49 billion. Fidelity National Information Services had a positive return on equity of 13.91% and a negative net margin of 54.14%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.55 EPS. On average, analysts forecast that Fidelity National Information Services will post 4.94 EPS for the current fiscal year.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 719 shares of Fidelity National Information Services stock in a transaction that occurred on Monday, July 15th. The stock was purchased at an average cost of $76.81 per share, with a total value of $55,226.39. Following the completion of the acquisition, the director now owns 9,771 shares in the company, valued at approximately $750,510.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Institutional Trading of Fidelity National Information Services

Institutional investors and hedge funds have recently modified their holdings of the business. Cadence Bank lifted its stake in Fidelity National Information Services by 1.9% in the 1st quarter. Cadence Bank now owns 7,145 shares of the information technology services provider’s stock valued at $530,000 after buying an additional 132 shares in the last quarter. Manchester Capital Management LLC increased its holdings in Fidelity National Information Services by 6.8% during the 1st quarter. Manchester Capital Management LLC now owns 2,233 shares of the information technology services provider’s stock worth $166,000 after purchasing an additional 143 shares during the last quarter. SageView Advisory Group LLC lifted its holdings in Fidelity National Information Services by 1.3% during the 1st quarter. SageView Advisory Group LLC now owns 11,497 shares of the information technology services provider’s stock worth $853,000 after buying an additional 148 shares during the last quarter. Brown Brothers Harriman & Co. raised its holdings in shares of Fidelity National Information Services by 14.4% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,317 shares of the information technology services provider’s stock worth $79,000 after purchasing an additional 166 shares during the period. Finally, Moody National Bank Trust Division grew its position in shares of Fidelity National Information Services by 2.4% during the 2nd quarter. Moody National Bank Trust Division now owns 7,117 shares of the information technology services provider’s stock valued at $536,000 after buying an additional 169 shares during the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

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.