Fidelity National Information Services (NYSE:FIS) Stock Rating Lowered by Morgan Stanley

Morgan Stanley lowered shares of Fidelity National Information Services (NYSE:FIS) from an overweight rating to an equal weight rating in a research report report published on Monday, Marketbeat reports. Morgan Stanley currently has $79.00 price objective on the information technology services provider’s stock.

FIS has been the topic of a number of other reports. TD Cowen increased their price target on Fidelity National Information Services from $70.00 to $75.00 and gave the stock a hold rating in a report on Wednesday, May 8th. Barclays increased their target price on Fidelity National Information Services from $83.00 to $85.00 and gave the stock an overweight rating in a report on Thursday, May 9th. Royal Bank of Canada boosted their price target on shares of Fidelity National Information Services from $82.00 to $93.00 and gave the company an outperform rating in a research note on Friday, June 14th. Susquehanna reaffirmed a positive rating and issued a $86.00 price objective on shares of Fidelity National Information Services in a research note on Wednesday, July 10th. Finally, Bank of America boosted their target price on shares of Fidelity National Information Services from $79.00 to $84.00 and gave the stock a buy rating in a research report on Tuesday, April 16th. Nine research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $79.42.

Fidelity National Information Services Trading Up 0.3 %

Shares of FIS stock opened at $75.33 on Monday. Fidelity National Information Services has a 1-year low of $46.91 and a 1-year high of $78.73. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.59. The stock has a market cap of $41.90 billion, a price-to-earnings ratio of -7.36, a PEG ratio of 0.77 and a beta of 1.06. The stock has a 50-day moving average of $76.06 and a 200-day moving average of $70.67.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Monday, May 6th. The information technology services provider reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.14. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.44 billion. Fidelity National Information Services had a negative net margin of 54.14% and a positive return on equity of 13.91%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.29 EPS. On average, equities research analysts forecast that Fidelity National Information Services will post 4.94 earnings per share for the current year.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 719 shares of Fidelity National Information Services stock in a transaction dated Monday, July 15th. The stock was purchased at an average cost of $76.81 per share, with a total value of $55,226.39. Following the transaction, the director now directly owns 9,771 shares of the company’s stock, valued at $750,510.51. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FIS. EdgeRock Capital LLC bought a new stake in Fidelity National Information Services in the 2nd quarter valued at about $35,000. Family Firm Inc. purchased a new position in Fidelity National Information Services in the 2nd quarter valued at approximately $35,000. Lebenthal Global Advisors LLC grew its position in shares of Fidelity National Information Services by 14.9% in the second quarter. Lebenthal Global Advisors LLC now owns 7,910 shares of the information technology services provider’s stock valued at $596,000 after purchasing an additional 1,028 shares in the last quarter. Everhart Financial Group Inc. increased its position in shares of Fidelity National Information Services by 64.4% during the second quarter. Everhart Financial Group Inc. now owns 5,447 shares of the information technology services provider’s stock valued at $410,000 after buying an additional 2,133 shares during the period. Finally, Unique Wealth Strategies LLC bought a new stake in Fidelity National Information Services during the 2nd quarter worth approximately $98,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

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.