Fidelity National Information Services (NYSE:FIS) Rating Increased to Buy at TD Cowen

Fidelity National Information Services (NYSE:FIS) was upgraded by equities researchers at TD Cowen from a “hold” rating to a “buy” rating in a note issued to investors on Monday, Marketbeat Ratings reports. The brokerage presently has a $92.00 target price on the information technology services provider’s stock. TD Cowen’s price target indicates a potential upside of 23.27% from the company’s current price.

Other research analysts have also recently issued research reports about the company. UBS Group reduced their target price on Fidelity National Information Services from $94.00 to $81.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. Barclays decreased their price target on shares of Fidelity National Information Services from $102.00 to $85.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Morgan Stanley reduced their target price on shares of Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. Susquehanna lowered shares of Fidelity National Information Services from a “positive” rating to a “neutral” rating and cut their price target for the company from $103.00 to $81.00 in a research report on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods decreased their price objective on Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Fidelity National Information Services presently has an average rating of “Moderate Buy” and an average target price of $89.05.

Fidelity National Information Services Stock Up 8.7 %

FIS opened at $74.63 on Monday. Fidelity National Information Services has a 12 month low of $66.51 and a 12 month high of $91.98. The company has a 50 day moving average of $71.39 and a 200 day moving average of $79.68. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.62. The company has a market cap of $39.53 billion, a PE ratio of 28.60, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, beating the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.54% and a return on equity of 17.30%. During the same quarter in the previous year, the company earned $0.94 earnings per share. On average, sell-side analysts expect that Fidelity National Information Services will post 5.74 EPS for the current year.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein acquired 844 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were acquired at an average cost of $72.04 per share, with a total value of $60,801.76. Following the transaction, the director now owns 11,942 shares of the company’s stock, valued at $860,301.68. The trade was a 7.60 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Fidelity National Information Services

A number of hedge funds have recently bought and sold shares of the business. Insigneo Advisory Services LLC grew its stake in shares of Fidelity National Information Services by 10.1% in the first quarter. Insigneo Advisory Services LLC now owns 7,138 shares of the information technology services provider’s stock worth $533,000 after acquiring an additional 656 shares during the period. Sagespring Wealth Partners LLC grew its position in Fidelity National Information Services by 16.0% in the 1st quarter. Sagespring Wealth Partners LLC now owns 18,159 shares of the information technology services provider’s stock worth $1,356,000 after purchasing an additional 2,502 shares during the period. Great Lakes Retirement Inc. raised its stake in Fidelity National Information Services by 5.0% during the 1st quarter. Great Lakes Retirement Inc. now owns 24,751 shares of the information technology services provider’s stock valued at $1,848,000 after buying an additional 1,173 shares during the last quarter. Sowell Financial Services LLC bought a new position in shares of Fidelity National Information Services during the 1st quarter valued at $743,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its stake in shares of Fidelity National Information Services by 74.8% in the 1st quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 152,016 shares of the information technology services provider’s stock worth $11,353,000 after buying an additional 65,073 shares during the last quarter. 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.