Robert W. Baird Increases Fidelity National Information Services (NYSE:FIS) Price Target to $94.00

Fidelity National Information Services (NYSE:FIS) had its price objective increased by Robert W. Baird from $92.00 to $94.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the information technology services provider’s stock. Robert W. Baird’s price target points to a potential upside of 8.78% from the stock’s current price.

Other analysts have also issued research reports about the company. Oppenheimer started coverage on Fidelity National Information Services in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock. Morgan Stanley lowered 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 report on Monday, July 22nd. Bank of America upped their price objective on Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a research report on Tuesday, September 17th. JPMorgan Chase & Co. upped their price objective on Fidelity National Information Services from $85.00 to $89.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Finally, Royal Bank of Canada upped their price objective on 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 investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $88.75.

Fidelity National Information Services Stock Down 0.2 %

NYSE:FIS opened at $86.41 on Tuesday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.62. The stock’s fifty day moving average is $85.85 and its two-hundred day moving average is $79.22. Fidelity National Information Services has a 52 week low of $49.91 and a 52 week high of $91.98. The stock has a market capitalization of $47.14 billion, a price-to-earnings ratio of 34.43, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the prior year, the firm earned $0.94 earnings per share. The firm’s revenue was up 3.1% compared to the same quarter last year. Research analysts anticipate that Fidelity National Information Services will post 5.09 EPS for the current year.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 626 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was acquired at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the purchase, the director now owns 10,397 shares of the company’s stock, valued at approximately $917,535.25. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Information Services

Several hedge funds have recently made changes to their positions in the business. Kennebec Savings Bank acquired a new stake in Fidelity National Information Services in the third quarter valued at about $28,000. University of Texas Texas AM Investment Management Co. acquired a new stake in Fidelity National Information Services in the second quarter valued at about $30,000. EdgeRock Capital LLC acquired a new stake in Fidelity National Information Services in the second quarter valued at about $35,000. Family Firm Inc. acquired a new stake in Fidelity National Information Services in the second quarter valued at about $35,000. Finally, Concord Wealth Partners lifted its position in Fidelity National Information Services by 50.2% in the third quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock valued at $37,000 after purchasing an additional 146 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.