Deutsche Bank Aktiengesellschaft Boosts Fidelity National Information Services (NYSE:FIS) Price Target to $73.00

Fidelity National Information Services (NYSE:FIS) had its price objective lifted by Deutsche Bank Aktiengesellschaft from $70.00 to $73.00 in a report issued on Wednesday morning, Benzinga reports. The firm currently has a hold rating on the information technology services provider’s stock.

FIS has been the topic of several other reports. Susquehanna boosted their price objective on Fidelity National Information Services from $86.00 to $88.00 and gave the company a positive rating in a research report on Wednesday. BNP Paribas downgraded Fidelity National Information Services from an outperform rating to a neutral rating and set a $72.00 price target for the company. in a research note on Thursday, April 11th. JPMorgan Chase & Co. boosted their target price on shares of Fidelity National Information Services from $75.00 to $83.00 and gave the stock an overweight rating in a report on Tuesday, May 28th. TD Cowen lifted their price target on shares of Fidelity National Information Services from $70.00 to $75.00 and gave the company a hold rating in a report on Wednesday, May 8th. Finally, Mizuho increased their price objective on shares of Fidelity National Information Services from $76.00 to $85.00 and gave the company a buy rating in a report on Thursday, May 9th. Ten analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $80.45.

Fidelity National Information Services Stock Performance

Shares of NYSE:FIS traded up $1.16 during mid-day trading on Wednesday, reaching $77.59. 2,576,083 shares of the company traded hands, compared to its average volume of 4,137,733. The company’s 50 day moving average price is $75.82 and its 200-day moving average price is $71.88. The firm has a market cap of $43.16 billion, a PE ratio of -7.58, a PEG ratio of 0.77 and a beta of 1.06. Fidelity National Information Services has a 52 week low of $46.91 and a 52 week high of $78.73. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.52 and a quick ratio of 1.52.

Fidelity National Information Services (NYSE:FIS) last posted its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.13. Fidelity National Information Services had a negative net margin of 54.14% and a positive return on equity of 13.91%. The business had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same period in the prior year, the business posted $1.55 earnings per share. The company’s revenue was up 2.7% on a year-over-year basis. On average, equities analysts expect that Fidelity National Information Services will post 4.94 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Tuesday, September 10th. Fidelity National Information Services’s dividend payout ratio is presently -14.08%.

Insider Activity at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein purchased 719 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were acquired at an average price of $76.81 per share, with a total value of $55,226.39. Following the transaction, the director now owns 9,771 shares of the company’s stock, valued at $750,510.51. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Fidelity National Information Services

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Fidelity National Information Services by 19.1% during the first quarter. Vanguard Group Inc. now owns 68,658,572 shares of the information technology services provider’s stock valued at $5,093,093,000 after buying an additional 11,023,109 shares during the period. FIL Ltd increased its holdings in shares of Fidelity National Information Services by 27.3% in the 4th quarter. FIL Ltd now owns 12,877,515 shares of the information technology services provider’s stock valued at $773,552,000 after acquiring an additional 2,758,049 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Fidelity National Information Services by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,619,320 shares of the information technology services provider’s stock worth $506,753,000 after acquiring an additional 121,154 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Fidelity National Information Services by 6.8% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 8,422,766 shares of the information technology services provider’s stock worth $505,956,000 after purchasing an additional 537,180 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Fidelity National Information Services during the 4th quarter worth $478,594,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

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.