Fidelity National Information Services (NYSE:FIS) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Fidelity National Information Services (NYSE:FIS) had its price target upped by analysts at Morgan Stanley from $80.00 to $87.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the information technology services provider’s stock. Morgan Stanley’s target price suggests a potential upside of 0.68% from the stock’s previous close.

Several other equities research analysts also recently issued reports on the stock. Stephens raised their target price on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft raised their price objective on Fidelity National Information Services from $70.00 to $73.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. UBS Group boosted their target price on Fidelity National Information Services from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Royal Bank of Canada increased their price target on Fidelity National Information Services from $93.00 to $95.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Finally, Oppenheimer assumed coverage on shares of Fidelity National Information Services in a research report on Tuesday, October 1st. They set a “market perform” rating for the company. Ten research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $88.75.

Fidelity National Information Services Stock Down 0.2 %

NYSE:FIS opened at $86.41 on Tuesday. Fidelity National Information Services has a twelve month low of $49.91 and a twelve month high of $91.98. The firm has a market capitalization of $47.14 billion, a price-to-earnings ratio of 34.43, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.62. The stock’s 50 day moving average price is $85.85 and its two-hundred day moving average price is $79.22.

Fidelity National Information Services (NYSE:FIS) last issued its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The business had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.94 earnings per share. Equities research analysts expect that Fidelity National Information Services will post 5.09 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Jeffrey A. Goldstein bought 626 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was bought at an average cost of $88.25 per share, for a total transaction of $55,244.50. Following the transaction, the director now owns 10,397 shares of the company’s stock, valued at $917,535.25. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Cadence Bank boosted its holdings in shares of Fidelity National Information Services by 1.9% in the 1st quarter. Cadence Bank now owns 7,145 shares of the information technology services provider’s stock valued at $530,000 after purchasing an additional 132 shares in the last quarter. Graypoint LLC boosted its stake in Fidelity National Information Services by 4.6% in the third quarter. Graypoint LLC now owns 3,026 shares of the information technology services provider’s stock valued at $253,000 after buying an additional 132 shares in the last quarter. Atomi Financial Group Inc. grew its position in Fidelity National Information Services by 3.4% in the third quarter. Atomi Financial Group Inc. now owns 4,162 shares of the information technology services provider’s stock valued at $349,000 after acquiring an additional 135 shares during the last quarter. Aptus Capital Advisors LLC raised its stake in Fidelity National Information Services by 3.9% during the third quarter. Aptus Capital Advisors LLC now owns 3,679 shares of the information technology services provider’s stock worth $308,000 after acquiring an additional 137 shares in the last quarter. Finally, Manchester Capital Management LLC lifted its holdings in shares of Fidelity National Information Services by 6.8% in the first quarter. Manchester Capital Management LLC now owns 2,233 shares of the information technology services provider’s stock worth $166,000 after acquiring an additional 143 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

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.