Robert W. Baird Boosts Fidelity National Information Services (NYSE:FIS) Price Target to $86.00

Fidelity National Information Services (NYSE:FIS) had its target price increased by stock analysts at Robert W. Baird from $82.00 to $86.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the information technology services provider’s stock. Robert W. Baird’s price objective would suggest a potential upside of 6.44% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Oppenheimer upgraded shares of Fidelity National Information Services from a “market perform” rating to an “outperform” rating and set a $94.00 price objective for the company in a research report on Wednesday, April 23rd. Truist Financial began coverage on shares of Fidelity National Information Services in a report on Monday, June 2nd. They issued a “hold” rating and a $84.00 price target for the company. Royal Bank Of Canada reduced their price objective on shares of Fidelity National Information Services from $95.00 to $93.00 and set an “outperform” rating for the company in a report on Wednesday, May 7th. TD Cowen upgraded shares of Fidelity National Information Services from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a report on Monday, April 21st. Finally, Stephens lifted their price objective on shares of Fidelity National Information Services from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $91.00.

Fidelity National Information Services Stock Performance

Shares of FIS stock opened at $80.80 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market capitalization of $42.45 billion, a price-to-earnings ratio of 53.51 and a beta of 1.06. Fidelity National Information Services has a 52 week low of $66.51 and a 52 week high of $91.98. The company has a 50-day simple moving average of $80.06 and a 200 day simple moving average of $76.85.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.01. The business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Fidelity National Information Services had a net margin of 8.10% and a return on equity of 18.15%. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.33 EPS. On average, sell-side analysts predict that Fidelity National Information Services will post 5.74 earnings per share for the current year.

Institutional Investors Weigh In On Fidelity National Information Services

A number of hedge funds have recently made changes to their positions in the business. Monetary Management Group Inc. lifted its holdings in shares of Fidelity National Information Services by 2.8% in the 1st quarter. Monetary Management Group Inc. now owns 4,960 shares of the information technology services provider’s stock worth $370,000 after acquiring an additional 135 shares during the last quarter. Phoenix Wealth Advisors raised its holdings in Fidelity National Information Services by 0.4% during the 1st quarter. Phoenix Wealth Advisors now owns 30,861 shares of the information technology services provider’s stock valued at $2,305,000 after buying an additional 135 shares during the last quarter. CX Institutional raised its holdings in Fidelity National Information Services by 2.3% during the 2nd quarter. CX Institutional now owns 6,317 shares of the information technology services provider’s stock valued at $514,000 after buying an additional 140 shares during the last quarter. Retirement Wealth Solutions LLC raised its holdings in Fidelity National Information Services by 3.7% during the 1st quarter. Retirement Wealth Solutions LLC now owns 4,140 shares of the information technology services provider’s stock valued at $309,000 after buying an additional 146 shares during the last quarter. Finally, Stonebrook Private Inc. raised its holdings in Fidelity National Information Services by 0.6% during the 1st quarter. Stonebrook Private Inc. now owns 24,424 shares of the information technology services provider’s stock valued at $1,824,000 after buying an additional 146 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors.

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.