Fidelity National Information Services (NYSE:FIS) Given New $86.00 Price Target at TD Cowen

Fidelity National Information Services (NYSE:FIS) had its price objective boosted by TD Cowen from $78.00 to $86.00 in a report released on Tuesday morning,Benzinga reports. The brokerage currently has a hold rating on the information technology services provider’s stock.

Several other research analysts also recently weighed in on the company. Bank of America boosted their price target on Fidelity National Information Services from $90.00 to $96.00 and gave the company a “buy” rating in a report on Tuesday, September 17th. Robert W. Baird raised their price objective on Fidelity National Information Services from $92.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday. Oppenheimer started coverage on Fidelity National Information Services in a research note on Tuesday, October 1st. They issued a “market perform” rating for the company. Deutsche Bank Aktiengesellschaft raised their price objective on Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Finally, Jefferies Financial Group boosted their price objective on Fidelity National Information Services from $80.00 to $90.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Ten equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $88.75.

Fidelity National Information Services Stock Up 2.2 %

FIS traded up $1.94 on Tuesday, hitting $88.62. 541,808 shares of the company were exchanged, compared to its average volume of 3,766,351. The firm has a 50-day moving average price of $85.85 and a two-hundred day moving average price of $79.22. The company has a current ratio of 1.18, a quick ratio of 1.35 and a debt-to-equity ratio of 0.63. Fidelity National Information Services has a twelve month low of $51.57 and a twelve month high of $91.98. The company has a market cap of $48.35 billion, a price-to-earnings ratio of 34.53, a price-to-earnings-growth ratio of 0.80 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, beating the consensus estimate of $1.29 by $0.11. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the prior year, the business earned $0.94 EPS. The firm’s revenue was up 3.1% compared to the same quarter last year. On average, equities analysts predict that Fidelity National Information Services will post 5.08 earnings per share for the current year.

Fidelity National Information Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a yield of 1.62%. Fidelity National Information Services’s payout ratio is presently 57.37%.

Insider Activity

In other news, Director Jeffrey A. Goldstein acquired 626 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was purchased at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the acquisition, the director now owns 10,397 shares in the company, valued at $917,535.25. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Kennebec Savings Bank bought a new position in shares of Fidelity National Information Services during the third quarter worth approximately $28,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Fidelity National Information Services during the 2nd quarter worth approximately $30,000. EdgeRock Capital LLC bought a new stake in shares of Fidelity National Information Services during the 2nd quarter worth $35,000. Family Firm Inc. bought a new position in Fidelity National Information Services in the second quarter valued at about $35,000. Finally, Concord Wealth Partners raised its stake in Fidelity National Information Services by 50.2% during the third quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock worth $37,000 after acquiring an additional 146 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

About Fidelity National Information Services

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.