Bank of America Increases Fidelity National Information Services (NYSE:FIS) Price Target to $96.00

Fidelity National Information Services (NYSE:FIS) had its price target hoisted by Bank of America from $90.00 to $96.00 in a report issued on Tuesday morning, Benzinga reports. They currently have a buy rating on the information technology services provider’s stock.

A number of other equities analysts have also commented on the company. Keefe, Bruyette & Woods lifted their price objective on Fidelity National Information Services from $85.00 to $88.00 and gave the stock an outperform rating in a research note on Wednesday, August 7th. Morgan Stanley lowered shares of Fidelity National Information Services from an overweight rating to an equal weight rating and set a $79.00 price objective on the stock. in a research note on Monday, July 22nd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the stock a hold rating in a research note on Wednesday, August 7th. Barclays increased their price target on Fidelity National Information Services from $88.00 to $90.00 and gave the stock an overweight rating in a report on Thursday, August 8th. Finally, TD Cowen boosted their price objective on Fidelity National Information Services from $75.00 to $78.00 and gave the company a hold rating in a research note on Wednesday, August 7th. Ten analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $81.25.

Fidelity National Information Services Trading Down 0.4 %

FIS opened at $84.06 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.35 and a quick ratio of 1.35. Fidelity National Information Services has a fifty-two week low of $46.91 and a fifty-two week high of $85.63. The company’s 50 day moving average price is $79.19 and its two-hundred day moving average price is $75.50. The firm has a market capitalization of $46.76 billion, a price-to-earnings ratio of -8.22, a PEG ratio of 0.82 and a beta of 1.08.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.13. The business had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.49 billion. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. Fidelity National Information Services’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.55 earnings per share. As a group, research analysts predict that Fidelity National Information Services will post 5.08 earnings per share for the current year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $1.44 dividend on an annualized basis and a yield of 1.71%. Fidelity National Information Services’s dividend payout ratio (DPR) is currently -14.08%.

Insiders Place Their Bets

In related news, Director Jeffrey A. Goldstein bought 719 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were bought at an average price of $76.81 per share, for a total transaction of $55,226.39. Following the completion of the acquisition, the director now directly owns 9,771 shares of the company’s stock, valued at $750,510.51. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Institutional Trading of Fidelity National Information Services

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

About Fidelity National Information Services

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.