Fidelity National Information Services, Inc. (NYSE:FIS) Receives $164.57 Average Target Price from Brokerages

Shares of Fidelity National Information Services, Inc. (NYSE:FIS) have been assigned an average rating of “Buy” from the fifteen analysts that are currently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $165.69.

Several equities research analysts recently weighed in on the company. Raymond James decreased their price target on Fidelity National Information Services from $194.00 to $178.00 and set a “strong-buy” rating for the company in a report on Wednesday, August 4th. Mizuho reaffirmed a “buy” rating and set a $185.00 price target on shares of Fidelity National Information Services in a report on Wednesday, June 30th. Rosenblatt Securities raised their target price on Fidelity National Information Services from $150.00 to $156.00 and gave the company a “neutral” rating in a report on Wednesday, August 4th. Truist Securities downgraded Fidelity National Information Services from a “buy” rating to a “hold” rating and set a $155.00 target price for the company. in a report on Monday, June 7th. Finally, JPMorgan Chase & Co. raised their target price on Fidelity National Information Services from $153.00 to $160.00 and gave the company an “overweight” rating in a report on Tuesday, August 17th.

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 2,222 shares of the stock in a transaction on Monday, August 9th. The stock was bought at an average price of $134.05 per share, for a total transaction of $297,859.10. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.65% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new position in Fidelity National Information Services during the 2nd quarter worth approximately $326,000. Bank of America Corp DE lifted its position in Fidelity National Information Services by 7.7% during the 2nd quarter. Bank of America Corp DE now owns 7,881,153 shares of the information technology services provider’s stock worth $1,116,523,000 after acquiring an additional 562,791 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in Fidelity National Information Services by 5.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,971,698 shares of the information technology services provider’s stock worth $279,330,000 after acquiring an additional 101,290 shares in the last quarter. Sawtooth Solutions LLC lifted its position in Fidelity National Information Services by 27.1% during the 2nd quarter. Sawtooth Solutions LLC now owns 6,254 shares of the information technology services provider’s stock worth $886,000 after acquiring an additional 1,335 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Fidelity National Information Services in the 2nd quarter valued at approximately $252,000. 89.17% of the stock is currently owned by hedge funds and other institutional investors.

Shares of FIS stock traded up $2.29 during trading hours on Monday, reaching $124.32. 2,593,194 shares of the stock were exchanged, compared to its average volume of 3,428,366. The business’s fifty day moving average is $131.90 and its two-hundred day moving average is $141.89. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.82 and a quick ratio of 0.82. Fidelity National Information Services has a 12-month low of $120.17 and a 12-month high of $155.96. The firm has a market capitalization of $76.79 billion, a P/E ratio of 888.06, a P/E/G ratio of 1.27 and a beta of 0.81.

Fidelity National Information Services (NYSE:FIS) last announced its quarterly earnings results on Tuesday, August 3rd. The information technology services provider reported $1.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.55 by $0.06. The company had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.39 billion. Fidelity National Information Services had a net margin of 0.69% and a return on equity of 7.62%. The firm’s revenue was up 17.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.15 earnings per share. As a group, equities research analysts predict that Fidelity National Information Services will post 6.55 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 24th. Investors of record on Friday, September 10th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend was Thursday, September 9th. Fidelity National Information Services’s dividend payout ratio is presently 28.57%.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc engages in the business of technology, solutions and services for merchants, banks and capital markets businesses. It operates through the following segments: Merchant, Banking, and Capital Markets. The Merchant segment is focused on serving merchants of all sizes globally, enabling them to accept electronic payments, including credit, debit and prepaid payments originated at a physical point of sale as well as in card-not-present environments such as eCommerce and mobile.

Further Reading: Cash Asset Ratio

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

Receive News & Ratings for Fidelity National Information Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Information Services and related companies with MarketBeat.com's FREE daily email newsletter.