Stephens Reaffirms Overweight Rating for Fidelity National Information Services (NYSE:FIS)

Fidelity National Information Services (NYSE:FIS)‘s stock had its “overweight” rating reissued by investment analysts at Stephens in a research report issued on Tuesday, Benzinga reports. They presently have a $90.00 price target on the information technology services provider’s stock. Stephens’ price objective would suggest a potential upside of 21.54% from the stock’s current price.

A number of other analysts also recently commented on the company. UBS Group increased their price target on Fidelity National Information Services from $66.00 to $70.00 and gave the company a “neutral” rating in a research report on Tuesday, February 27th. Royal Bank of Canada lifted their target price on Fidelity National Information Services from $67.00 to $75.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 27th. Bank of America increased their price target on shares of Fidelity National Information Services from $79.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. lifted their price objective on shares of Fidelity National Information Services from $68.00 to $71.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. Finally, Robert W. Baird increased their target price on shares of Fidelity National Information Services from $78.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday. Eight analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $76.79.

Fidelity National Information Services Stock Down 0.3 %

FIS stock opened at $74.05 on Tuesday. The stock’s 50 day moving average is $70.79 and its 200-day moving average is $62.91. Fidelity National Information Services has a twelve month low of $46.91 and a twelve month high of $75.71. The firm has a market capitalization of $41.58 billion, a PE ratio of -6.59, a P/E/G ratio of 0.88 and a beta of 0.98. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.68.

Fidelity National Information Services (NYSE:FIS) last posted its earnings results on Monday, May 6th. The information technology services provider reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.14. Fidelity National Information Services had a negative net margin of 54.30% and a positive return on equity of 13.06%. The firm had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.44 billion. During the same quarter in the prior year, the business posted $1.29 EPS. The business’s revenue was up 2.9% compared to the same quarter last year. Sell-side analysts expect that Fidelity National Information Services will post 4.71 EPS for the current fiscal year.

Fidelity National Information Services announced that its Board of Directors has initiated a stock buyback program on Monday, February 26th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the information technology services provider to reacquire up to 1.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 775 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were bought at an average cost of $72.37 per share, with a total value of $56,086.75. Following the acquisition, the director now owns 9,052 shares in the company, valued at approximately $655,093.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.68% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. OFI Invest Asset Management bought a new position in shares of Fidelity National Information Services during the 3rd quarter valued at $25,000. Baystate Wealth Management LLC lifted its stake in shares of Fidelity National Information Services by 332.1% in the 3rd quarter. Baystate Wealth Management LLC now owns 484 shares of the information technology services provider’s stock valued at $27,000 after acquiring an additional 372 shares during the last quarter. EdgeRock Capital LLC purchased a new stake in Fidelity National Information Services during the 4th quarter valued at about $29,000. Rise Advisors LLC bought a new position in Fidelity National Information Services during the 1st quarter worth approximately $29,000. Finally, Delta Asset Management LLC TN increased its stake in Fidelity National Information Services by 600.0% in the 4th quarter. Delta Asset Management LLC TN now owns 525 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 450 shares during the period. 96.23% of the stock is owned by hedge funds and other institutional investors.

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.