Fidelity National Information Servcs (FIS) Stock Rating Upgraded by ValuEngine

Fidelity National Information Servcs (NYSE:FIS) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

A number of other equities analysts have also commented on the stock. Wood & Company raised their price objective on shares of Fidelity National Information Servcs to $117.00 and gave the stock a “hold” rating in a research note on Thursday, September 27th. They noted that the move was a valuation call. SunTrust Banks raised their price objective on shares of Fidelity National Information Servcs to $125.00 and gave the stock a “buy” rating in a research note on Monday, September 24th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Fidelity National Information Servcs from a “buy” rating to a “hold” rating in a research note on Monday, August 6th. Cantor Fitzgerald lifted their target price on shares of Fidelity National Information Servcs to $117.00 and gave the company an “overweight” rating in a research note on Wednesday, August 1st. Finally, Wolfe Research started coverage on shares of Fidelity National Information Servcs in a research note on Tuesday, July 17th. They set an “outperform” rating for the company. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $117.50.

Fidelity National Information Servcs stock opened at $103.95 on Wednesday. Fidelity National Information Servcs has a 52 week low of $89.31 and a 52 week high of $110.83. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.34 and a quick ratio of 1.38. The company has a market capitalization of $34.07 billion, a P/E ratio of 23.52, a PEG ratio of 1.65 and a beta of 0.93.

Fidelity National Information Servcs (NYSE:FIS) last posted its quarterly earnings data on Tuesday, October 30th. The information technology services provider reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.03. Fidelity National Information Servcs had a net margin of 17.89% and a return on equity of 15.78%. The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same quarter last year, the business posted $1.18 EPS. The company’s revenue was down .6% on a year-over-year basis. Equities analysts forecast that Fidelity National Information Servcs will post 5.23 EPS for the current year.

In other Fidelity National Information Servcs news, EVP Lenore D. Williams sold 4,285 shares of Fidelity National Information Servcs stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $106.00, for a total transaction of $454,210.00. Following the completion of the sale, the executive vice president now owns 4,999 shares of the company’s stock, valued at approximately $529,894. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Stephan A. James sold 23,922 shares of Fidelity National Information Servcs stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $108.97, for a total transaction of $2,606,780.34. Following the sale, the director now directly owns 41,585 shares of the company’s stock, valued at approximately $4,531,517.45. The disclosure for this sale can be found here. Insiders have sold a total of 46,129 shares of company stock valued at $4,967,533 in the last three months. Company insiders own 2.08% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Moneta Group Investment Advisors LLC acquired a new stake in shares of Fidelity National Information Servcs in the 2nd quarter valued at $114,000. Valeo Financial Advisors LLC lifted its stake in shares of Fidelity National Information Servcs by 139.7% in the 3rd quarter. Valeo Financial Advisors LLC now owns 1,124 shares of the information technology services provider’s stock valued at $117,000 after purchasing an additional 655 shares during the last quarter. Price Capital Management Inc. acquired a new stake in shares of Fidelity National Information Servcs in the 3rd quarter valued at $120,000. Fort L.P. acquired a new stake in shares of Fidelity National Information Servcs in the 2nd quarter valued at $121,000. Finally, Advisors Asset Management Inc. lifted its stake in shares of Fidelity National Information Servcs by 588.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 9,208 shares of the information technology services provider’s stock valued at $133,000 after purchasing an additional 7,870 shares during the last quarter. 88.06% of the stock is owned by institutional investors and hedge funds.

Fidelity National Information Servcs Company Profile

Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through Integrated Financial Solutions and Global Financial Solutions segments. The Integrated Financial Solutions segment offers core processing and ancillary applications; digital solutions, including Internet, mobile, and e-banking; fraud, risk management, and compliance solutions; electronic funds transfer and network services; card and retail solutions; corporate liquidity and wealth management services; item processing and output services; government payments solutions; and e-payment solutions.

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

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