Fidelity National Information Services (NYSE:FIS) Price Target Raised to $86.00

Fidelity National Information Services (NYSE:FIS) had its price target increased by Robert W. Baird from $82.00 to $86.00 in a research note released on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the information technology services provider’s stock.

Other research analysts have also recently issued reports about the company. Royal Bank Of Canada lowered their target price on Fidelity National Information Services from $95.00 to $93.00 and set an “outperform” rating for the company in a research note on Wednesday, May 7th. Stephens lifted their price objective on Fidelity National Information Services from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, May 7th. UBS Group upped their target price on shares of Fidelity National Information Services from $81.00 to $84.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 7th. TD Cowen raised shares of Fidelity National Information Services from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a report on Monday, April 21st. Finally, Oppenheimer upgraded shares of Fidelity National Information Services from a “market perform” rating to an “outperform” rating and set a $94.00 price target for the company in a report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $91.00.

Fidelity National Information Services Trading Down 0.5%

Shares of FIS stock opened at $80.31 on Wednesday. Fidelity National Information Services has a fifty-two week low of $66.51 and a fifty-two week high of $91.98. The company has a 50 day moving average price of $80.10 and a 200 day moving average price of $76.85. The stock has a market capitalization of $42.19 billion, a P/E ratio of 53.19 and a beta of 1.06. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.63 and a current ratio of 0.63.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $1.21 EPS for the quarter, beating the consensus estimate of $1.20 by $0.01. Fidelity National Information Services had a net margin of 8.10% and a return on equity of 18.15%. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter last year, the company posted $1.33 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year. Equities research analysts predict that Fidelity National Information Services will post 5.74 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th were paid a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.99%. Fidelity National Information Services’s dividend payout ratio (DPR) is presently 105.96%.

Institutional Trading of Fidelity National Information Services

Institutional investors have recently added to or reduced their stakes in the business. Monetary Management Group Inc. grew its stake in Fidelity National Information Services by 2.8% during the 1st quarter. Monetary Management Group Inc. now owns 4,960 shares of the information technology services provider’s stock worth $370,000 after buying an additional 135 shares during the last quarter. Phoenix Wealth Advisors grew its position in shares of Fidelity National Information Services by 0.4% during the first quarter. Phoenix Wealth Advisors now owns 30,861 shares of the information technology services provider’s stock worth $2,305,000 after acquiring an additional 135 shares during the last quarter. CX Institutional grew its position in shares of Fidelity National Information Services by 2.3% during the second quarter. CX Institutional now owns 6,317 shares of the information technology services provider’s stock worth $514,000 after acquiring an additional 140 shares during the last quarter. Retirement Wealth Solutions LLC increased its holdings in shares of Fidelity National Information Services by 3.7% in the 1st quarter. Retirement Wealth Solutions LLC now owns 4,140 shares of the information technology services provider’s stock worth $309,000 after acquiring an additional 146 shares during the period. Finally, Stonebrook Private Inc. lifted its position in Fidelity National Information Services by 0.6% in the 1st quarter. Stonebrook Private Inc. now owns 24,424 shares of the information technology services provider’s stock valued at $1,824,000 after purchasing an additional 146 shares during the last quarter. Institutional investors 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.