Fidelity National Information Services (NYSE:FIS) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Fidelity National Information Services (NYSE:FIS) had its price objective hoisted by investment analysts at JPMorgan Chase & Co. from $89.00 to $99.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the information technology services provider’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 14.57% from the stock’s previous close.

FIS has been the topic of several other reports. Robert W. Baird upped their target price on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday. Barclays increased their price objective on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Bank of America increased their price objective on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the stock a “buy” rating in a research report on Tuesday, September 17th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Fidelity National Information Services from $70.00 to $73.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Finally, Stephens increased their price objective on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Ten analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Fidelity National Information Services presently has an average rating of “Moderate Buy” and a consensus price target of $88.75.

Fidelity National Information Services Stock Down 0.2 %

FIS opened at $86.41 on Tuesday. The firm has a 50-day simple moving average of $85.85 and a two-hundred day simple moving average of $79.22. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $47.14 billion, a PE ratio of 34.43, a price-to-earnings-growth ratio of 0.79 and a beta of 1.06. Fidelity National Information Services has a 52 week low of $49.91 and a 52 week high of $91.98.

Fidelity National Information Services (NYSE:FIS) last announced its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.11. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.56 billion. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. The business’s revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.94 EPS. Analysts forecast that Fidelity National Information Services will post 5.09 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Jeffrey A. Goldstein bought 626 shares of the stock in a transaction on Tuesday, October 15th. The stock was bought at an average cost of $88.25 per share, for a total transaction of $55,244.50. Following the completion of the purchase, the director now directly owns 10,397 shares in the company, valued at approximately $917,535.25. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Information Services

Institutional investors have recently bought and sold shares of the company. Linden Thomas Advisory Services LLC acquired a new stake in Fidelity National Information Services in the second quarter valued at approximately $1,253,000. CENTRAL TRUST Co boosted its stake in Fidelity National Information Services by 757.9% in the third quarter. CENTRAL TRUST Co now owns 11,831 shares of the information technology services provider’s stock valued at $991,000 after acquiring an additional 10,452 shares in the last quarter. SG Americas Securities LLC boosted its stake in Fidelity National Information Services by 572.2% in the second quarter. SG Americas Securities LLC now owns 222,601 shares of the information technology services provider’s stock valued at $16,775,000 after acquiring an additional 189,484 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Fidelity National Information Services by 1.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 812,874 shares of the information technology services provider’s stock valued at $60,300,000 after acquiring an additional 11,655 shares in the last quarter. Finally, Mizuho Markets Americas LLC raised its holdings in shares of Fidelity National Information Services by 115.9% in the first quarter. Mizuho Markets Americas LLC now owns 3,748,200 shares of the information technology services provider’s stock worth $278,041,000 after buying an additional 2,011,848 shares during the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.

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.