Fidelity National Information Services (NYSE:FIS) Stock Rating Upgraded by Citigroup

Fidelity National Information Services (NYSE:FIS) was upgraded by analysts at Citigroup from a “neutral” rating to a “buy” rating in a report issued on Monday,Finviz reports. The brokerage presently has a $86.00 target price on the information technology services provider’s stock, up from their previous target price of $79.00. Citigroup’s target price would indicate a potential upside of 15.23% from the company’s previous close.

A number of other equities research analysts have also commented on the company. Raymond James lowered Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and lowered their price target for the company from $115.00 to $101.00 in a research report on Monday, January 6th. TD Cowen raised Fidelity National Information Services from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a research report on Monday. Compass Point dropped their target price on Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Robert W. Baird upped their target price on shares of Fidelity National Information Services from $80.00 to $82.00 and gave the stock a “neutral” rating in a report on Friday, April 4th. Finally, Morgan Stanley dropped their price target on Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $89.05.

Fidelity National Information Services Stock Performance

Fidelity National Information Services stock opened at $74.63 on Monday. The business’s 50-day moving average price is $71.39 and its two-hundred day moving average price is $79.68. The stock has a market cap of $39.53 billion, a PE ratio of 28.60, a P/E/G ratio of 1.23 and a beta of 1.06. Fidelity National Information Services has a 12-month low of $66.51 and a 12-month high of $91.98. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.62.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. During the same period in the prior year, the business earned $0.94 earnings per share. As a group, analysts expect that Fidelity National Information Services will post 5.74 earnings per share for the current fiscal year.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 844 shares of Fidelity National Information Services stock in a transaction dated Tuesday, April 15th. The stock was bought at an average price of $72.04 per share, for a total transaction of $60,801.76. Following the completion of the acquisition, the director now directly owns 11,942 shares of the company’s stock, valued at approximately $860,301.68. This trade represents a 7.60 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is owned by corporate insiders.

Institutional Trading of Fidelity National Information Services

A number of institutional investors have recently added to or reduced their stakes in the business. Capital Research Global Investors increased its stake in shares of Fidelity National Information Services by 3.8% in the fourth quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider’s stock worth $2,377,325,000 after purchasing an additional 1,082,929 shares during the period. Geode Capital Management LLC raised its position in shares of Fidelity National Information Services by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 13,051,569 shares of the information technology services provider’s stock worth $1,052,819,000 after acquiring an additional 208,127 shares during the last quarter. Boston Partners lifted its stake in shares of Fidelity National Information Services by 3.9% in the 4th quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider’s stock valued at $968,326,000 after purchasing an additional 446,544 shares during the period. Norges Bank acquired a new position in shares of Fidelity National Information Services during the 4th quarter worth about $635,202,000. Finally, Invesco Ltd. raised its holdings in Fidelity National Information Services by 9.1% in the fourth quarter. Invesco Ltd. now owns 7,573,133 shares of the information technology services provider’s stock worth $611,682,000 after purchasing an additional 632,328 shares during the period. 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.