Fidelity National Information Services (NYSE:FIS) Price Target Increased to $86.00 by Analysts at Susquehanna

Fidelity National Information Services (NYSE:FIS) had its price objective lifted by stock analysts at Susquehanna from $81.00 to $86.00 in a report released on Wednesday, Benzinga reports. The firm presently has a “positive” rating on the information technology services provider’s stock. Susquehanna’s target price points to a potential upside of 15.73% from the stock’s previous close.

FIS has been the subject of a number of other reports. BNP Paribas lowered shares of Fidelity National Information Services from an “outperform” rating to a “neutral” rating and set a $72.00 price target for the company. in a research note on Thursday, April 11th. Robert W. Baird lifted their price target on Fidelity National Information Services from $78.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday. Morgan Stanley raised their target price on Fidelity National Information Services from $73.00 to $77.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. UBS Group upped their price target on shares of Fidelity National Information Services from $66.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, February 27th. Finally, TheStreet upgraded shares of Fidelity National Information Services from a “d” rating to a “c” rating in a report on Monday, February 26th. Eight 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 stock. Based on data from MarketBeat.com, Fidelity National Information Services presently has a consensus rating of “Moderate Buy” and an average price target of $75.29.

Fidelity National Information Services Price Performance

Shares of NYSE:FIS opened at $74.31 on Wednesday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.68. The firm’s 50 day moving average is $70.79 and its two-hundred day moving average is $62.91. The firm has a market capitalization of $41.73 billion, a P/E ratio of -6.61, a PEG ratio of 0.88 and a beta of 0.98. Fidelity National Information Services has a 52 week low of $46.91 and a 52 week high of $75.71.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Monday, May 6th. The information technology services provider reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.14. Fidelity National Information Services had a positive return on equity of 13.06% and a negative net margin of 54.30%. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same quarter in the previous year, the business earned $1.29 EPS. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. Analysts anticipate that Fidelity National Information Services will post 4.71 earnings per share for the current year.

Fidelity National Information Services announced that its board has initiated a share repurchase program on Monday, February 26th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the information technology services provider to buy up to 1.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In other news, Director Jeffrey A. Goldstein bought 775 shares of the company’s stock in a transaction on Monday, April 15th. The shares were bought at an average cost of $72.37 per share, with a total value of $56,086.75. Following the transaction, the director now directly owns 9,052 shares in the company, valued at approximately $655,093.24. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.68% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Norges Bank acquired a new stake in Fidelity National Information Services in the 4th quarter worth approximately $478,594,000. Vanguard Group Inc. lifted its stake in shares of Fidelity National Information Services by 12.7% in the third quarter. Vanguard Group Inc. now owns 57,885,046 shares of the information technology services provider’s stock worth $3,199,306,000 after buying an additional 6,503,451 shares during the last quarter. Lyrical Asset Management LP acquired a new position in shares of Fidelity National Information Services during the 4th quarter worth about $260,316,000. JANA Partners Management LP bought a new stake in Fidelity National Information Services during the 3rd quarter valued at approximately $206,507,000. Finally, Lazard Asset Management LLC grew its holdings in Fidelity National Information Services by 660.0% in the 3rd quarter. Lazard Asset Management LLC now owns 3,328,124 shares of the information technology services provider’s stock valued at $183,944,000 after buying an additional 2,890,185 shares during the last quarter. Institutional investors and hedge funds own 96.23% of the company’s stock.

Fidelity National Information Services Company Profile

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.