Barclays Boosts Fidelity National Information Services (NYSE:FIS) Price Target to $98.00

by · The Cerbat Gem

Fidelity National Information Services (NYSE:FIS – Free Report) had its target price hoisted by Barclays from $90.00 to $98.00 in a research report sent to investors on Thursday morning, Benzinga reports. The firm currently has an overweight rating on the information technology services provider’s stock.

Several other equities research analysts have also recently issued reports on the stock. Royal Bank of Canada boosted their price objective on shares of Fidelity National Information Services from $93.00 to $95.00 and gave the company an outperform rating in a research report on Wednesday, August 7th. UBS Group boosted their price objective on Fidelity National Information Services from $78.00 to $80.00 and gave the stock a neutral rating in a research note on Wednesday, August 7th. Susquehanna raised their target price on Fidelity National Information Services from $86.00 to $88.00 and gave the stock a positive rating in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods upped their price objective on shares of Fidelity National Information Services from $85.00 to $88.00 and gave the stock an outperform rating in a report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. increased their price objective on Fidelity National Information Services from $85.00 to $89.00 and gave the company an overweight rating in a research note on Tuesday, August 20th. Nine investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $81.65.

View Our Latest Research Report on FIS

Fidelity National Information Services Stock Up 0.3 %

Shares of Fidelity National Information Services stock opened at $86.75 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.35 and a current ratio of 1.35. Fidelity National Information Services has a 52-week low of $46.91 and a 52-week high of $87.90. The stock has a market capitalization of $48.25 billion, a PE ratio of -8.48, a price-to-earnings-growth ratio of 0.77 and a beta of 1.08. The company has a 50-day simple moving average of $81.79 and a two-hundred day simple moving average of $77.07.

Fidelity National Information Services (NYSE:FIS – Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The information technology services provider reported $1.36 EPS for the quarter, topping the consensus estimate of $1.23 by $0.13. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The firm had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter last year, the company earned $1.55 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, analysts anticipate that Fidelity National Information Services will post 5.08 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.66%. Fidelity National Information Services’s dividend payout ratio is presently -14.08%.

Hedge Funds Weigh In On Fidelity National Information Services

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bayesian Capital Management LP acquired a new stake in shares of Fidelity National Information Services during the fourth quarter worth about $3,470,000. Park West Asset Management LLC lifted its holdings in shares of Fidelity National Information Services by 52.1% during the 4th quarter. Park West Asset Management LLC now owns 955,000 shares of the information technology services provider’s stock valued at $57,367,000 after acquiring an additional 327,000 shares in the last quarter. Oracle Alpha Inc. acquired a new stake in Fidelity National Information Services during the 4th quarter valued at $516,000. FIL Ltd boosted its stake in Fidelity National Information Services by 27.3% during the 4th quarter. FIL Ltd now owns 12,877,515 shares of the information technology services provider’s stock valued at $773,552,000 after acquiring an additional 2,758,049 shares during the last quarter. Finally, Voisard Asset Management Group Inc. bought a new position in shares of Fidelity National Information Services in the 4th quarter worth about $93,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.

About Fidelity National Information Services

(Get Free Report)

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.

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