Fidelity National Information Services’ (FIS) “Outperform” Rating Reaffirmed at Royal Bank of Canada

Fidelity National Information Services (NYSE:FIS)‘s stock had its “outperform” rating reaffirmed by research analysts at Royal Bank of Canada in a report issued on Wednesday,Benzinga reports. They currently have a $104.00 target price on the information technology services provider’s stock. Royal Bank of Canada’s price objective indicates a potential upside of 31.26% from the company’s current price.

A number of other brokerages have also issued reports on FIS. Wells Fargo & Company started coverage on Fidelity National Information Services in a research note on Tuesday, January 14th. They issued an “equal weight” rating and a $88.00 price target on the stock. Mizuho upped their target price on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. raised their price target on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. UBS Group upped their price objective on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Finally, Raymond James lowered shares of Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and decreased their target price for the stock from $115.00 to $101.00 in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Fidelity National Information Services has an average rating of “Moderate Buy” and a consensus target price of $92.00.

Fidelity National Information Services Price Performance

Shares of NYSE FIS opened at $79.23 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a fifty day moving average of $82.54 and a 200 day moving average of $82.36. The firm has a market cap of $42.66 billion, a PE ratio of 31.57, a PEG ratio of 0.60 and a beta of 1.04. Fidelity National Information Services has a one year low of $59.90 and a one year high of $91.98.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The business had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.94 earnings per share. As a group, research analysts predict that Fidelity National Information Services will post 5.18 EPS for the current fiscal year.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 701 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was bought at an average cost of $79.97 per share, with a total value of $56,058.97. Following the transaction, the director now directly owns 11,098 shares in the company, valued at $887,507.06. The trade was a 6.74 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Lenore D. Williams sold 11,305 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $87.97, for a total transaction of $994,500.85. Following the sale, the executive vice president now directly owns 32,199 shares in the company, valued at $2,832,546.03. This represents a 25.99 % decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Fidelity National Information Services

Several large investors have recently added to or reduced their stakes in the business. Fifth Third Wealth Advisors LLC grew its stake in shares of Fidelity National Information Services by 2.2% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 5,938 shares of the information technology services provider’s stock worth $480,000 after acquiring an additional 129 shares in the last quarter. Graypoint LLC grew its stake in Fidelity National Information Services by 4.6% during the 3rd quarter. Graypoint LLC now owns 3,026 shares of the information technology services provider’s stock worth $253,000 after purchasing an additional 132 shares in the last quarter. Atomi Financial Group Inc. increased its holdings in Fidelity National Information Services by 3.4% during the 3rd quarter. Atomi Financial Group Inc. now owns 4,162 shares of the information technology services provider’s stock worth $349,000 after purchasing an additional 135 shares during the period. Old Port Advisors raised its position in Fidelity National Information Services by 4.9% in the 4th quarter. Old Port Advisors now owns 2,867 shares of the information technology services provider’s stock valued at $232,000 after purchasing an additional 135 shares in the last quarter. Finally, Aptus Capital Advisors LLC grew its position in shares of Fidelity National Information Services by 3.9% during the third quarter. Aptus Capital Advisors LLC now owns 3,679 shares of the information technology services provider’s stock worth $308,000 after buying an additional 137 shares in the last quarter. 96.23% of the stock is owned by hedge funds and other institutional investors.

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.