Oppenheimer Raises Fidelity National Information Servcs (NYSE:FIS) Price Target to $135.00

Fidelity National Information Servcs (NYSE:FIS) had its price objective upped by Oppenheimer from $125.00 to $135.00 in a research report released on Wednesday, The Fly reports. Oppenheimer currently has an outperform rating on the information technology services provider’s stock.

Other research analysts have also issued research reports about the stock. Bank of America began coverage on shares of Fidelity National Information Servcs in a research note on Tuesday, May 14th. They set a buy rating and a $139.00 price objective on the stock. Guggenheim raised their target price on shares of Fidelity National Information Servcs to $135.00 and gave the stock a buy rating in a report on Friday, March 22nd. Barclays raised their target price on shares of Fidelity National Information Servcs from $129.00 to $135.00 and gave the stock an overweight rating in a report on Wednesday, April 10th. Keefe, Bruyette & Woods began coverage on shares of Fidelity National Information Servcs in a report on Monday, April 8th. They set an outperform rating and a $136.00 target price on the stock. Finally, Cantor Fitzgerald restated a buy rating and set a $122.00 target price on shares of Fidelity National Information Servcs in a report on Tuesday, April 2nd. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $132.50.

Fidelity National Information Servcs stock opened at $120.95 on Wednesday. Fidelity National Information Servcs has a fifty-two week low of $94.53 and a fifty-two week high of $123.28. The company has a market cap of $39.41 billion, a P/E ratio of 23.13, a PEG ratio of 1.36 and a beta of 0.66. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.03 and a current ratio of 1.03.

Fidelity National Information Servcs (NYSE:FIS) last released its quarterly earnings data on Tuesday, April 30th. The information technology services provider reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.07. Fidelity National Information Servcs had a net margin of 9.66% and a return on equity of 18.68%. The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter last year, the firm earned $1.09 EPS. Fidelity National Information Servcs’s quarterly revenue was down .4% compared to the same quarter last year. Analysts expect that Fidelity National Information Servcs will post 7.46 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.35 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.16%. Fidelity National Information Servcs’s dividend payout ratio (DPR) is presently 26.77%.

In other Fidelity National Information Servcs news, Director Alexandar Navab, Jr. acquired 5,075 shares of the stock in a transaction dated Thursday, March 21st. The shares were bought at an average cost of $107.22 per share, for a total transaction of $544,141.50. Following the completion of the acquisition, the director now directly owns 5,075 shares of the company’s stock, valued at $544,141.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director James B. Stallings, Jr. sold 1,240 shares of Fidelity National Information Servcs stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $122.55, for a total transaction of $151,962.00. Following the completion of the sale, the director now owns 8,370 shares in the company, valued at $1,025,743.50. The disclosure for this sale can be found here. 1.43% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Global Retirement Partners LLC increased its holdings in Fidelity National Information Servcs by 46.6% during the first quarter. Global Retirement Partners LLC now owns 283 shares of the information technology services provider’s stock worth $32,000 after buying an additional 90 shares during the last quarter. Tdam USA Inc. increased its holdings in Fidelity National Information Servcs by 0.7% during the first quarter. Tdam USA Inc. now owns 12,802 shares of the information technology services provider’s stock worth $1,448,000 after buying an additional 90 shares during the last quarter. Intrust Bank NA increased its holdings in Fidelity National Information Servcs by 0.6% during the first quarter. Intrust Bank NA now owns 16,003 shares of the information technology services provider’s stock worth $1,810,000 after buying an additional 91 shares during the last quarter. Whittier Trust Co. increased its holdings in Fidelity National Information Servcs by 5.4% during the fourth quarter. Whittier Trust Co. now owns 1,843 shares of the information technology services provider’s stock worth $189,000 after buying an additional 95 shares during the last quarter. Finally, Greenleaf Trust increased its holdings in Fidelity National Information Servcs by 4.5% during the first quarter. Greenleaf Trust now owns 2,219 shares of the information technology services provider’s stock worth $251,000 after buying an additional 96 shares during the last quarter. Institutional investors own 92.67% of the company’s stock.

About Fidelity National Information Servcs

Fidelity National Information Services, Inc operates as a financial services technology company in the United States and internationally. It operates through Integrated Financial Solutions and Global Financial Solutions segments. The Integrated Financial Solutions segment offers core processing and ancillary applications; digital solutions, including Internet, mobile, and e-banking; fraud, risk management, and compliance solutions; electronic funds transfer and network services; card and retail solutions; corporate liquidity and wealth management services; item processing and output services; government payments solutions; and e-payment solutions.

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