Fidelity National Information Services (NYSE:FIS – Get Rating) had its price target dropped by equities researchers at Evercore ISI to $95.00 in a research report issued to clients and investors on Friday, Stock Target Advisor reports. Evercore ISI's target price indicates a potential upside of 28.27% from the stock's current price.
A number of other brokerages have also recently issued reports on FIS. Robert W. Baird dropped their price objective on shares of Fidelity National Information Services from $110.00 to $84.00 in a research note on Friday, November 4th. Stephens reaffirmed an "equal weight" rating and set a $65.00 price objective on shares of Fidelity National Information Services in a report on Friday, November 4th. Oppenheimer cut Fidelity National Information Services from an "outperform" rating to a "market perform" rating in a report on Friday, November 4th. Raymond James decreased their price target on Fidelity National Information Services from $112.00 to $83.00 and set a "strong-buy" rating on the stock in a research note on Friday, November 4th. Finally, Truist Financial dropped their price objective on Fidelity National Information Services from $80.00 to $70.00 in a research note on Friday, November 4th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Fidelity National Information Services currently has an average rating of "Moderate Buy" and an average target price of $105.50.
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Fidelity National Information Services Stock Performance
Shares of NYSE FIS traded up $0.88 during mid-day trading on Friday, hitting $74.06. The company had a trading volume of 8,739,661 shares, compared to its average volume of 4,536,512. Fidelity National Information Services has a 12 month low of $56.53 and a 12 month high of $122.06. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a market cap of $43.95 billion, a P/E ratio of 48.41, a PEG ratio of 0.91 and a beta of 0.81. The business's 50-day simple moving average is $72.39 and its 200-day simple moving average is $87.83.
Fidelity National Information Services (NYSE:FIS – Get Rating) last announced its quarterly earnings data on Thursday, November 3rd. The information technology services provider reported $1.74 EPS for the quarter, missing analysts' consensus estimates of $1.75 by ($0.01). The firm had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.61 billion. Fidelity National Information Services had a return on equity of 9.01% and a net
margin of 6.47%. As a group, analysts predict that Fidelity National Information Services will post 6.64 earnings per share for the current fiscal year.
Insider Activity at Fidelity National Information Services
In other news, CEO Gary Norcross sold 80,000 shares of the firm's stock in a transaction on Friday, September 9th. The stock was sold at an average price of $90.89, for a total value of $7,271,200.00. Following the transaction, the chief executive officer now directly owns 846,643 shares in the company, valued at approximately $76,951,382.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 199,403 shares of company stock worth $18,149,160 over the last ninety days. Company insiders own 0.68% of the company's stock.
Institutional Trading of Fidelity National Information Services
Institutional investors and hedge funds have recently modified their holdings of the stock. Brown Brothers Harriman & Co. grew its stake in Fidelity National Information Services by 83.3% in the first quarter. Brown Brothers Harriman & Co. now owns 286 shares of the information technology services provider's stock valued at $29,000 after acquiring an additional 130 shares during the period. SRS Capital Advisors Inc. increased its stake in Fidelity National Information Services by 298.7% during the 1st quarter. SRS Capital Advisors Inc. now owns 299 shares of the information technology services provider's stock worth $30,000 after purchasing an additional 224 shares in the last quarter. Tcwp LLC acquired a new stake in Fidelity National Information Services during the 1st quarter worth approximately $33,000. MV Capital Management Inc. raised its holdings in Fidelity National Information Services by 782.1% during the 2nd quarter. MV Capital Management Inc. now owns 344 shares of the information technology services provider's stock worth $32,000 after buying an additional 305 shares during the period. Finally, Financial Management Professionals Inc. lifted its stake in Fidelity National Information Services by 159.9% in the second quarter. Financial Management Professionals Inc. now owns 356 shares of the information technology services provider's stock valued at $33,000 after buying an additional 219 shares in the last quarter. 90.39% of the stock is owned by institutional investors.
About Fidelity National Information Services
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Fidelity National Information Services, Inc provides technology solutions for merchants, banks, and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions, and Capital Market Solutions segments. The Merchant Solutions segment offers enterprise acquiring, software-led small- to medium-sized businesses acquiring, and global e-commerce solutions.
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