Compass Point Issues Pessimistic Forecast for Fidelity National Information Services (NYSE:FIS) Stock Price

Fidelity National Information Services (NYSE:FIS) had its target price lowered by analysts at Compass Point from $126.00 to $113.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the information technology services provider’s stock. Compass Point’s target price indicates a potential upside of 54.68% from the stock’s current price.

Several other equities research analysts have also recently issued reports on FIS. Mizuho lifted their price objective on Fidelity National Information Services from $91.00 to $104.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Wells Fargo & Company began coverage on shares of Fidelity National Information Services in a report on Tuesday, January 14th. They issued an “equal weight” rating and a $88.00 target price on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $104.00 price target on shares of Fidelity National Information Services in a report on Wednesday, January 22nd. BNP Paribas downgraded Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 20th. Finally, Robert W. Baird increased their price objective on Fidelity National Information Services from $92.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Fidelity National Information Services presently has an average rating of “Hold” and a consensus target price of $89.32.

Fidelity National Information Services Stock Down 0.1 %

Shares of FIS opened at $73.06 on Wednesday. The firm has a market cap of $39.33 billion, a P/E ratio of 29.10, a PEG ratio of 0.63 and a beta of 1.04. Fidelity National Information Services has a 12 month low of $60.39 and a 12 month high of $91.98. The stock’s 50 day moving average is $81.08 and its two-hundred day moving average is $82.94. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63.

Fidelity National Information Services (NYSE:FIS) last released its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. During the same period in the previous year, the company posted $0.94 EPS. Analysts predict that Fidelity National Information Services will post 5.18 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Lenore D. Williams sold 11,305 shares of Fidelity National Information Services stock in a transaction on Friday, November 15th. The shares were sold at an average price of $87.97, for a total value of $994,500.85. Following the transaction, the executive vice president now directly owns 32,199 shares in the company, valued at $2,832,546.03. This trade represents a 25.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jeffrey A. Goldstein acquired 701 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were purchased at an average price of $79.97 per share, with a total value of $56,058.97. Following the transaction, the director now owns 11,098 shares in the company, valued at $887,507.06. The trade was a 6.74 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.20% of the company’s stock.

Institutional Trading of Fidelity National Information Services

Institutional investors have recently added to or reduced their stakes in the stock. CX Institutional lifted its position in shares of Fidelity National Information Services by 4.0% during the 3rd quarter. CX Institutional now owns 4,422 shares of the information technology services provider’s stock valued at $370,000 after acquiring an additional 170 shares during the period. Creative Planning increased its stake in Fidelity National Information Services by 6.9% in the 3rd quarter. Creative Planning now owns 69,023 shares of the information technology services provider’s stock valued at $5,781,000 after purchasing an additional 4,452 shares in the last quarter. Swedbank AB boosted its position in Fidelity National Information Services by 1.3% during the third quarter. Swedbank AB now owns 360,769 shares of the information technology services provider’s stock worth $30,214,000 after purchasing an additional 4,642 shares in the last quarter. SPC Financial Inc. purchased a new stake in Fidelity National Information Services during the third quarter worth $327,000. Finally, ZWJ Investment Counsel Inc. increased its position in shares of Fidelity National Information Services by 0.9% in the third quarter. ZWJ Investment Counsel Inc. now owns 145,799 shares of the information technology services provider’s stock valued at $12,211,000 after buying an additional 1,309 shares in 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.