Fidelity National Information Servcs (FIS) Stock Rating Reaffirmed by Barclays

Fidelity National Information Servcs (NYSE:FIS)‘s stock had its “buy” rating reaffirmed by equities researchers at Barclays in a report released on Friday. They presently have a $115.00 target price on the information technology services provider’s stock. Barclays’ target price would suggest a potential upside of 20.43% from the company’s current price.

FIS has been the topic of several other research reports. Zacks Investment Research raised Fidelity National Information Servcs from a “hold” rating to a “buy” rating and set a $105.00 price objective on the stock in a research report on Tuesday, October 3rd. JPMorgan Chase & Co. cut Fidelity National Information Servcs from an “overweight” rating to a “neutral” rating in a research report on Tuesday, December 12th. Credit Suisse Group reaffirmed an “outperform” rating and set a $108.00 price target (up previously from $100.00) on shares of Fidelity National Information Servcs in a research report on Wednesday, November 1st. They noted that the move was a valuation call. Oppenheimer upped their price target on Fidelity National Information Servcs from $96.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, November 1st. Finally, KeyCorp reaffirmed a “buy” rating on shares of Fidelity National Information Servcs in a research report on Wednesday, November 1st. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Fidelity National Information Servcs presently has an average rating of “Buy” and an average target price of $99.53.

Fidelity National Information Servcs (NYSE:FIS) traded up $0.54 during mid-day trading on Friday, reaching $95.49. The company’s stock had a trading volume of 1,720,000 shares, compared to its average volume of 1,236,430. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.25 and a current ratio of 1.25. Fidelity National Information Servcs has a twelve month low of $75.52 and a twelve month high of $96.67. The stock has a market capitalization of $31,881.06, a PE ratio of 22.74, a P/E/G ratio of 1.64 and a beta of 0.88.

Fidelity National Information Servcs (NYSE:FIS) last posted its quarterly earnings data on Tuesday, October 31st. The information technology services provider reported $1.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.12. Fidelity National Information Servcs had a return on equity of 14.05% and a net margin of 5.82%. The business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter in the previous year, the firm earned $1.00 earnings per share. The business’s revenue was down 4.8% on a year-over-year basis. equities research analysts forecast that Fidelity National Information Servcs will post 4.41 earnings per share for the current year.

In related news, EVP Gregory G. Montana sold 58,547 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $92.54, for a total transaction of $5,417,939.38. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stephan A. James sold 3,600 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $94.87, for a total value of $341,532.00. Following the sale, the director now owns 29,498 shares in the company, valued at $2,798,475.26. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 87,633 shares of company stock worth $8,146,090. 2.66% of the stock is currently owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in FIS. WFG Advisors LP raised its stake in shares of Fidelity National Information Servcs by 99.8% during the 2nd quarter. WFG Advisors LP now owns 1,187 shares of the information technology services provider’s stock valued at $101,000 after purchasing an additional 593 shares during the period. BB&T Investment Services Inc. bought a new stake in shares of Fidelity National Information Servcs during the 2nd quarter valued at $103,000. Advisors Asset Management Inc. increased its stake in Fidelity National Information Servcs by 77.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,439 shares of the information technology services provider’s stock worth $123,000 after acquiring an additional 626 shares during the last quarter. Rockefeller Financial Services Inc. bought a new position in Fidelity National Information Servcs in the 3rd quarter worth about $128,000. Finally, Balentine LLC increased its stake in Fidelity National Information Servcs by 32.2% in the 2nd quarter. Balentine LLC now owns 1,567 shares of the information technology services provider’s stock worth $134,000 after acquiring an additional 382 shares during the last quarter. Institutional investors own 87.76% of the company’s stock.

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Fidelity National Information Servcs Company Profile

Fidelity National Information Services, Inc (FIS) is a financial services technology company. The Company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other. The IFS segment is focused on serving the North American regional and community bank and savings institutions market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services.

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