UBS Group Raises Fidelity National Information Servcs (NYSE:FIS) Price Target to $140.00

Fidelity National Information Servcs (NYSE:FIS) had its price objective increased by equities researchers at UBS Group from $139.00 to $140.00 in a research note issued on Wednesday, Stock Target Advisor reports. The brokerage currently has a “neutral” rating on the information technology services provider’s stock. UBS Group’s target price points to a potential upside of 6.96% from the company’s previous close.

FIS has been the subject of several other reports. Wedbush set a $150.00 price objective on Fidelity National Information Servcs and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Atlantic Securities started coverage on Fidelity National Information Servcs in a research report on Tuesday, September 3rd. They issued an “overweight” rating and a $175.00 target price for the company. Oppenheimer set a $148.00 target price on Fidelity National Information Servcs and gave the company a “buy” rating in a research report on Wednesday, August 7th. Canaccord Genuity started coverage on Fidelity National Information Servcs in a research report on Thursday, September 12th. They issued a “buy” rating and a $151.00 target price for the company. Finally, Citigroup upped their target price on Fidelity National Information Servcs from $142.00 to $152.00 and gave the company a “buy” rating in a research report on Monday, September 9th. Four analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Fidelity National Information Servcs currently has an average rating of “Buy” and a consensus price target of $148.38.

NYSE:FIS opened at $130.89 on Wednesday. The stock has a 50-day simple moving average of $131.03 and a 200-day simple moving average of $127.24. The stock has a market cap of $80.36 billion, a P/E ratio of 25.03, a P/E/G ratio of 2.74 and a beta of 0.63. Fidelity National Information Servcs has a 1 year low of $94.53 and a 1 year high of $141.35. The company has a debt-to-equity ratio of 1.67, a quick ratio of 3.00 and a current ratio of 3.00.

Fidelity National Information Servcs (NYSE:FIS) last released its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $1.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.08. The business had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.84 billion. Fidelity National Information Servcs had a return on equity of 20.66% and a net margin of 8.97%. The business’s quarterly revenue was up 35.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.33 EPS. On average, equities research analysts predict that Fidelity National Information Servcs will post 5.51 EPS for the current year.

In other Fidelity National Information Servcs news, insider Mark L. Heimbouch sold 111,586 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $134.28, for a total transaction of $14,983,768.08. Following the completion of the sale, the insider now directly owns 199,168 shares of the company’s stock, valued at approximately $26,744,279.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO James W. Woodall sold 100,499 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $133.76, for a total value of $13,442,746.24. Following the sale, the chief financial officer now directly owns 157,497 shares of the company’s stock, valued at $21,066,798.72. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 321,756 shares of company stock valued at $43,162,570. 1.43% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Rehmann Capital Advisory Group raised its stake in Fidelity National Information Servcs by 10.1% during the 2nd quarter. Rehmann Capital Advisory Group now owns 884 shares of the information technology services provider’s stock valued at $109,000 after acquiring an additional 81 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Fidelity National Information Servcs by 3.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 2,395 shares of the information technology services provider’s stock worth $318,000 after buying an additional 82 shares in the last quarter. Chicago Partners Investment Group LLC raised its stake in shares of Fidelity National Information Servcs by 2.1% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 4,125 shares of the information technology services provider’s stock worth $541,000 after buying an additional 83 shares in the last quarter. Moody Lynn & Lieberson LLC raised its stake in shares of Fidelity National Information Servcs by 0.3% during the 3rd quarter. Moody Lynn & Lieberson LLC now owns 32,924 shares of the information technology services provider’s stock worth $4,371,000 after buying an additional 84 shares in the last quarter. Finally, Townsquare Capital LLC raised its stake in shares of Fidelity National Information Servcs by 3.3% during the 2nd quarter. Townsquare Capital LLC now owns 2,689 shares of the information technology services provider’s stock worth $350,000 after buying an additional 85 shares in the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

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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