Fidelity National Information Services (FIS) Rating Reiterated by Cantor Fitzgerald

Fidelity National Information Services (NYSE:FIS)‘s stock had its “buy” rating restated by stock analysts at Cantor Fitzgerald in a note issued to investors on Sunday. They currently have a $108.00 target price on the information technology services provider’s stock. Cantor Fitzgerald’s target price would indicate a potential upside of 15.35% from the company’s previous close.

A number of other equities research analysts have also issued reports on FIS. Barclays reaffirmed an “overweight” rating and set a $102.00 price objective (up from $94.00) on shares of Fidelity National Information Services in a report on Wednesday, August 9th. BidaskClub lowered shares of Fidelity National Information Services from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 5th. Oppenheimer increased their price objective on shares of Fidelity National Information Services from $96.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, November 1st. Zacks Investment Research raised shares of Fidelity National Information Services from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a report on Tuesday, October 3rd. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $108.00 price objective (up from $100.00) on shares of Fidelity National Information Services in a report on Wednesday, November 1st. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $99.20.

Shares of Fidelity National Information Services (NYSE FIS) opened at $93.63 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.87. Fidelity National Information Services has a fifty-two week low of $73.97 and a fifty-two week high of $96.67. The stock has a market cap of $31,300.17, a P/E ratio of 22.32, a price-to-earnings-growth ratio of 1.77 and a beta of 0.89.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings data on Tuesday, October 31st. The information technology services provider reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.12. Fidelity National Information Services had a net margin of 5.82% and a return on equity of 14.05%. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same period last year, the firm posted $1.00 EPS. The company’s revenue was down 4.8% on a year-over-year basis. equities research analysts anticipate that Fidelity National Information Services will post 4.41 earnings per share for the current year.

In related news, COO Anthony M. Jabbour sold 100,000 shares of the firm’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $92.36, for a total value of $9,236,000.00. Following the completion of the transaction, the chief operating officer now directly owns 282,689 shares of the company’s stock, valued at $26,109,156.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Gregory G. Montana sold 58,547 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $92.54, for a total transaction of $5,417,939.38. The disclosure for this sale can be found here. Over the last three months, insiders sold 167,033 shares of company stock valued at $15,433,548. 2.66% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Caldera Capital LLC boosted its stake in Fidelity National Information Services by 10.8% during the second quarter. Caldera Capital LLC now owns 181,428 shares of the information technology services provider’s stock worth $15,493,000 after buying an additional 17,676 shares during the period. Polaris Greystone Financial Group LLC boosted its stake in Fidelity National Information Services by 1.7% during the second quarter. Polaris Greystone Financial Group LLC now owns 229,356 shares of the information technology services provider’s stock worth $19,587,000 after buying an additional 3,867 shares during the period. Commerce Bank boosted its stake in Fidelity National Information Services by 0.9% during the second quarter. Commerce Bank now owns 398,692 shares of the information technology services provider’s stock worth $34,048,000 after buying an additional 3,476 shares during the period. Motco boosted its stake in Fidelity National Information Services by 12.3% during the second quarter. Motco now owns 1,192 shares of the information technology services provider’s stock worth $102,000 after buying an additional 131 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its stake in Fidelity National Information Services by 3.7% during the second quarter. TIAA CREF Investment Management LLC now owns 1,380,167 shares of the information technology services provider’s stock worth $117,866,000 after buying an additional 48,957 shares during the period. 87.89% of the stock is owned by institutional investors.

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Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other. The IFS segment is focused on serving the North American regional and community bank and savings institutions market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services.

Analyst Recommendations for Fidelity National Information Services (NYSE:FIS)

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