Fidelity National Information Services (NYSE:FIS) Given New $116.00 Price Target at Deutsche Bank Aktiengesellschaft

Fidelity National Information Services (NYSE:FIS – Get Rating) had its price objective cut by stock analysts at Deutsche Bank Aktiengesellschaft from $155.00 to $116.00 in a research note issued to investors on Wednesday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 10.59% from the company’s current price.

Other research analysts have also recently issued research reports about the company. BNP Paribas upgraded Fidelity National Information Services from a “neutral” rating to an “outperform” rating and set a $138.00 price target on the stock in a research note on Monday, January 10th. Jefferies Financial Group cut their price target on Fidelity National Information Services from $135.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, February 16th. Exane BNP Paribas upgraded Fidelity National Information Services from a “neutral” rating to an “outperform” rating and set a $138.00 price target on the stock in a research note on Monday, January 10th. William Blair reiterated an “outperform” rating on shares of Fidelity National Information Services in a research note on Tuesday, February 15th. Finally, Wells Fargo & Company started coverage on Fidelity National Information Services in a research note on Monday, April 4th. They issued an “overweight” rating and a $132.00 price target on the stock. Four research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $137.73.

Shares of FIS opened at $104.89 on Wednesday. The stock’s 50-day moving average is $98.02 and its two-hundred day moving average is $108.07. The stock has a market cap of $63.94 billion, a PE ratio of 154.25, a P/E/G ratio of 1.03 and a beta of 0.74. Fidelity National Information Services has a 12 month low of $85.00 and a 12 month high of $155.96. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.74 and a quick ratio of 0.74.

Fidelity National Information Services (NYSE:FIS – Get Rating) last issued its quarterly earnings data on Tuesday, February 15th. The information technology services provider reported $1.92 EPS for the quarter, topping the Zacks’ consensus estimate of $1.89 by $0.03. The company had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.70 billion. Fidelity National Information Services had a return on equity of 8.50% and a net margin of 3.01%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.62 earnings per share. On average, research analysts anticipate that Fidelity National Information Services will post 7.3 earnings per share for the current year.

Large investors have recently bought and sold shares of the company. Herold Advisors Inc. bought a new position in shares of Fidelity National Information Services during the third quarter valued at approximately $27,000. Covestor Ltd bought a new position in Fidelity National Information Services in the 4th quarter worth approximately $35,000. Equitec Proprietary Markets LLC bought a new position in Fidelity National Information Services in the 4th quarter worth approximately $39,000. Cordant Inc. grew its holdings in Fidelity National Information Services by 8,260.0% in the 4th quarter. Cordant Inc. now owns 418 shares of the information technology services provider’s stock worth $46,000 after buying an additional 413 shares in the last quarter. Finally, Missouri Trust & Investment Co bought a new position in Fidelity National Information Services in the 4th quarter worth approximately $48,000. 89.83% of the stock is owned by institutional investors.

About Fidelity National Information Services (Get Rating)

Fidelity National Information Services, Inc provides technology solutions for merchants, banks, and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions, and Capital Market Solutions segments. The Merchant Solutions segment offers enterprise acquiring, software-led small- to medium-sized businesses acquiring, and global e-commerce solutions.

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