Fidelity National Information Servcs (NYSE:FIS) PT Raised to $161.00

Fidelity National Information Servcs (NYSE:FIS) had its price target upped by investment analysts at Oppenheimer from $145.00 to $161.00 in a research report issued on Monday, The Fly reports. The brokerage currently has an “outperform” rating on the information technology services provider’s stock. Oppenheimer’s price objective suggests a potential upside of 20.07% from the stock’s previous close. Oppenheimer also issued estimates for Fidelity National Information Servcs’ Q2 2020 earnings at $1.07 EPS, Q3 2020 earnings at $1.41 EPS, Q4 2020 earnings at $1.71 EPS, FY2020 earnings at $5.51 EPS, Q1 2021 earnings at $1.53 EPS, Q2 2021 earnings at $1.55 EPS, Q3 2021 earnings at $1.70 EPS, Q4 2021 earnings at $1.97 EPS and FY2021 earnings at $6.77 EPS.

Other analysts have also recently issued reports about the company. JPMorgan Chase & Co. increased their price objective on Fidelity National Information Servcs from $140.00 to $152.00 and gave the company an “overweight” rating in a research note on Tuesday, June 23rd. TheStreet upgraded Fidelity National Information Servcs from a “c+” rating to a “b-” rating in a research note on Wednesday, June 3rd. Keefe, Bruyette & Woods increased their price objective on Fidelity National Information Servcs from $142.00 to $153.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. SunTrust Banks increased their price objective on Fidelity National Information Servcs from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Finally, Royal Bank of Canada increased their price objective on Fidelity National Information Servcs from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Five research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $153.54.

NYSE:FIS opened at $134.09 on Monday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.39. The stock’s fifty day moving average is $136.24 and its two-hundred day moving average is $135.69. Fidelity National Information Servcs has a 52 week low of $91.68 and a 52 week high of $158.21. The stock has a market capitalization of $80.63 billion, a price-to-earnings ratio of 257.87, a price-to-earnings-growth ratio of 1.78 and a beta of 0.68.

Fidelity National Information Servcs (NYSE:FIS) last released its quarterly earnings results on Thursday, May 7th. The information technology services provider reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.01. Fidelity National Information Servcs had a return on equity of 7.89% and a net margin of 1.45%. The company had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.08 billion. During the same period in the prior year, the firm earned $1.16 earnings per share. The firm’s revenue was up 49.6% compared to the same quarter last year. On average, sell-side analysts expect that Fidelity National Information Servcs will post 5.45 EPS for the current fiscal year.

In other Fidelity National Information Servcs news, COO Stephanie Ferris sold 6,582 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $138.91, for a total transaction of $914,305.62. Following the transaction, the chief operating officer now owns 6,991 shares of the company’s stock, valued at $971,119.81. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Bruce F. Lowthers, Jr. sold 89,478 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $138.56, for a total value of $12,398,071.68. Following the transaction, the insider now directly owns 36,213 shares in the company, valued at approximately $5,017,673.28. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sandy Spring Bank grew its holdings in shares of Fidelity National Information Servcs by 33.6% during the first quarter. Sandy Spring Bank now owns 330 shares of the information technology services provider’s stock worth $40,000 after buying an additional 83 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its holdings in shares of Fidelity National Information Servcs by 4.0% during the first quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 2,278 shares of the information technology services provider’s stock worth $277,000 after buying an additional 88 shares during the last quarter. Insight 2811 Inc. grew its holdings in shares of Fidelity National Information Servcs by 3.3% during the first quarter. Insight 2811 Inc. now owns 2,876 shares of the information technology services provider’s stock worth $350,000 after buying an additional 93 shares during the last quarter. Park Avenue Securities LLC grew its holdings in shares of Fidelity National Information Servcs by 3.6% during the first quarter. Park Avenue Securities LLC now owns 2,784 shares of the information technology services provider’s stock worth $339,000 after buying an additional 98 shares during the last quarter. Finally, First Foundation Advisors grew its holdings in shares of Fidelity National Information Servcs by 5.2% during the fourth quarter. First Foundation Advisors now owns 2,029 shares of the information technology services provider’s stock worth $282,000 after buying an additional 100 shares during the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

About Fidelity National Information Servcs

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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