Fidelity National Information Services (NYSE:FIS) Price Target Increased to $90.00 by Analysts at Jefferies Financial Group

Fidelity National Information Services (NYSE:FIS) had its price target raised by investment analysts at Jefferies Financial Group from $80.00 to $90.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “hold” rating on the information technology services provider’s stock. Jefferies Financial Group’s target price indicates a potential upside of 0.54% from the stock’s previous close.

Several other equities analysts have also weighed in on the company. TD Cowen lifted their price target 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. Bank of America upped their target price on Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a research note on Tuesday, September 17th. Oppenheimer assumed coverage on shares of Fidelity National Information Services in a report on Tuesday, October 1st. They issued a “market perform” rating for the company. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Finally, Royal Bank of Canada upped their price target on shares of Fidelity National Information Services from $93.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Ten analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $82.05.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock traded up $0.47 on Wednesday, reaching $89.52. 1,248,323 shares of the stock were exchanged, compared to its average volume of 3,794,814. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.62. Fidelity National Information Services has a twelve month low of $46.91 and a twelve month high of $89.84. The business has a 50 day moving average price of $82.34 and a two-hundred day moving average price of $77.27. The firm has a market capitalization of $49.80 billion, a price-to-earnings ratio of -8.77, a PEG ratio of 0.77 and a beta of 1.08.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share (EPS) 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 return on equity of 13.63% and a net margin of 7.72%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.55 EPS. Analysts anticipate that Fidelity National Information Services will post 5.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Linden Thomas Advisory Services LLC purchased a new position in shares of Fidelity National Information Services during the 2nd quarter worth approximately $1,253,000. SG Americas Securities LLC grew its holdings in Fidelity National Information Services by 572.2% during the second quarter. SG Americas Securities LLC now owns 222,601 shares of the information technology services provider’s stock worth $16,775,000 after acquiring an additional 189,484 shares during the period. Price T Rowe Associates Inc. MD raised its position in Fidelity National Information Services by 1.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 812,874 shares of the information technology services provider’s stock worth $60,300,000 after acquiring an additional 11,655 shares in the last quarter. Mizuho Markets Americas LLC lifted its holdings in Fidelity National Information Services by 115.9% in the first quarter. Mizuho Markets Americas LLC now owns 3,748,200 shares of the information technology services provider’s stock valued at $278,041,000 after acquiring an additional 2,011,848 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Fidelity National Information Services by 17.7% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 709,433 shares of the information technology services provider’s stock worth $52,626,000 after purchasing an additional 106,725 shares during the period. Institutional investors and hedge funds 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.