Fidelity National Information Services (NYSE:FIS) Price Target Cut to $110.00 by Analysts at Barclays

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Fidelity National Information Services (NYSE:FISGet Rating) had its target price lowered by research analysts at Barclays from $130.00 to $110.00 in a research note issued to investors on Monday, The Fly reports. Barclays‘s price target indicates a potential upside of 37.00% from the company’s current price.

A number of other equities research analysts also recently weighed in on the company. Keefe, Bruyette & Woods downgraded Fidelity National Information Services from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $120.00 to $98.00 in a research report on Sunday, September 18th. Susquehanna dropped their price objective on Fidelity National Information Services from $176.00 to $160.00 and set a “positive” rating for the company in a report on Tuesday, August 9th. Royal Bank of Canada dropped their price objective on Fidelity National Information Services from $141.00 to $114.00 and set an “outperform” rating for the company in a report on Wednesday, September 21st. Wolfe Research dropped their price objective on Fidelity National Information Services from $165.00 to $135.00 in a report on Wednesday, July 20th. Finally, Credit Suisse Group dropped their price objective on Fidelity National Information Services from $130.00 to $120.00 and set an “outperform” rating for the company in a report on Friday. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.54.

Fidelity National Information Services Price Performance

Fidelity National Information Services stock opened at $80.29 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.69 and a current ratio of 0.69. The firm has a market cap of $48.81 billion, a P/E ratio of 58.18, a P/E/G ratio of 0.78 and a beta of 0.78. The business’s fifty day moving average is $94.50 and its two-hundred day moving average is $96.85. Fidelity National Information Services has a 52 week low of $78.77 and a 52 week high of $126.20.

Fidelity National Information Services (NYSE:FISGet Rating) last posted its quarterly earnings data on Thursday, August 4th. The information technology services provider reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.03. The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.67 billion. Fidelity National Information Services had a return on equity of 8.95% and a net margin of 5.88%. The business’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.61 earnings per share. Equities research analysts forecast that Fidelity National Information Services will post 7.07 earnings per share for the current fiscal year.

Insider Activity at Fidelity National Information Services

In other Fidelity National Information Services news, EVP Lenore D. Williams sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $100.00, for a total value of $250,000.00. Following the sale, the executive vice president now owns 21,334 shares in the company, valued at $2,133,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Fidelity National Information Services news, EVP Lenore D. Williams sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $100.00, for a total value of $250,000.00. Following the sale, the executive vice president now owns 21,334 shares in the company, valued at $2,133,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO James W. Woodall sold 80,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $90.07, for a total value of $7,205,600.00. Following the completion of the sale, the chief financial officer now owns 131,598 shares in the company, valued at approximately $11,853,031.86. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 207,240 shares of company stock valued at $18,934,354. Insiders own 0.68% of the company’s stock.

Hedge Funds Weigh In On Fidelity National Information Services

A number of large investors have recently made changes to their positions in FIS. Brown Brothers Harriman & Co. increased its stake in shares of Fidelity National Information Services by 83.3% during the first quarter. Brown Brothers Harriman & Co. now owns 286 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 130 shares during the period. SRS Capital Advisors Inc. boosted its holdings in shares of Fidelity National Information Services by 298.7% in the 1st quarter. SRS Capital Advisors Inc. now owns 299 shares of the information technology services provider’s stock valued at $30,000 after purchasing an additional 224 shares in the last quarter. FinTrust Capital Advisors LLC boosted its holdings in shares of Fidelity National Information Services by 248.3% in the 1st quarter. FinTrust Capital Advisors LLC now owns 310 shares of the information technology services provider’s stock valued at $31,000 after purchasing an additional 221 shares in the last quarter. MV Capital Management Inc. boosted its holdings in shares of Fidelity National Information Services by 782.1% in the 2nd quarter. MV Capital Management Inc. now owns 344 shares of the information technology services provider’s stock valued at $32,000 after purchasing an additional 305 shares in the last quarter. Finally, Tcwp LLC acquired a new stake in shares of Fidelity National Information Services in the 1st quarter valued at $33,000. Institutional investors own 90.39% of the company’s stock.

Fidelity National Information Services Company Profile

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Fidelity National Information Services, Inc provides technology solutions for merchants, banks, and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions, and Capital Market Solutions segments. The Merchant Solutions segment offers enterprise acquiring, software-led small- to medium-sized businesses acquiring, and global e-commerce solutions.

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