Mizuho Issues Positive Forecast for Fidelity National Information Services (NYSE:FIS) Stock Price

Fidelity National Information Services (NYSE:FIS) had its target price raised by Mizuho from $91.00 to $104.00 in a research note released on Tuesday,Benzinga reports. They currently have an outperform rating on the information technology services provider’s stock.

Several other brokerages have also recently commented on FIS. Morgan Stanley boosted their price target on Fidelity National Information Services from $80.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Barclays boosted their target price on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. UBS Group lifted their price objective on Fidelity National Information Services from $78.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Susquehanna upped their target price on Fidelity National Information Services from $88.00 to $103.00 and gave the company a “positive” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. lifted their price target on Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a report on Tuesday. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Fidelity National Information Services has an average rating of “Moderate Buy” and a consensus price target of $89.68.

Fidelity National Information Services Stock Up 1.6 %

FIS traded up $1.39 on Tuesday, hitting $88.07. The company had a trading volume of 3,113,264 shares, compared to its average volume of 3,778,201. The stock has a fifty day moving average price of $86.07 and a 200-day moving average price of $79.39. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.35 and a current ratio of 1.18. Fidelity National Information Services has a 12-month low of $51.57 and a 12-month high of $91.98. The stock has a market capitalization of $48.05 billion, a price-to-earnings ratio of 35.10, a P/E/G ratio of 0.80 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.11. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The firm’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.94 EPS. Analysts predict that Fidelity National Information Services will post 5.08 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Monday, December 9th. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 57.37%.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 626 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were bought at an average cost of $88.25 per share, with a total value of $55,244.50. Following the transaction, the director now directly owns 10,397 shares in the company, valued at approximately $917,535.25. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Moors & Cabot Inc. boosted its stake in Fidelity National Information Services by 14.4% during the 3rd quarter. Moors & Cabot Inc. now owns 8,339 shares of the information technology services provider’s stock valued at $698,000 after purchasing an additional 1,047 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Fidelity National Information Services by 4.6% during the third quarter. PNC Financial Services Group Inc. now owns 277,287 shares of the information technology services provider’s stock valued at $23,223,000 after acquiring an additional 12,200 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Fidelity National Information Services in the third quarter worth approximately $7,876,000. Fifth Third Wealth Advisors LLC boosted its stake in Fidelity National Information Services by 12.7% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 5,809 shares of the information technology services provider’s stock valued at $487,000 after purchasing an additional 655 shares in the last quarter. Finally, Caprock Group LLC raised its stake in shares of Fidelity National Information Services by 115.1% in the 3rd quarter. Caprock Group LLC now owns 26,569 shares of the information technology services provider’s stock worth $2,225,000 after buying an additional 14,218 shares in the last quarter. 96.23% of the stock is owned by institutional investors and hedge funds.

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.