Fidelity National Information Services (NYSE:FIS) Lowered to “Underperform” Rating by BNP Paribas

Fidelity National Information Services (NYSE:FIS) was downgraded by investment analysts at BNP Paribas from a “neutral” rating to an “underperform” rating in a research note issued on Wednesday,Briefing.com Automated Import reports.

Other research analysts have also issued research reports about the stock. UBS Group increased their target price on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Barclays increased their price target on 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. Oppenheimer assumed coverage on Fidelity National Information Services in a report on Tuesday, October 1st. They issued a “market perform” rating for the company. Susquehanna increased their target price on Fidelity National Information Services from $88.00 to $103.00 and gave the stock a “positive” rating in a report on Tuesday, November 5th. Finally, Keefe, Bruyette & Woods boosted their price target on Fidelity National Information Services from $97.00 to $102.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $91.50.

Fidelity National Information Services Trading Down 2.6 %

Shares of NYSE:FIS opened at $86.08 on Wednesday. Fidelity National Information Services has a 12-month low of $53.79 and a 12-month high of $91.98. The business has a 50 day moving average of $86.85 and a 200-day moving average of $80.43. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.63. The stock has a market cap of $46.34 billion, a PE ratio of 34.29, a P/E/G ratio of 0.74 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings data on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same period in the prior year, the firm posted $0.94 EPS. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, equities research analysts forecast that Fidelity National Information Services will post 5.18 earnings per share for the current year.

Insider Activity

In related news, EVP Lenore D. Williams sold 11,305 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $87.97, for a total transaction of $994,500.85. Following the completion of the transaction, the executive vice president now directly owns 32,199 shares of the company’s stock, valued at $2,832,546.03. This trade represents a 25.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeffrey A. Goldstein purchased 626 shares of Fidelity National Information Services stock in a transaction on Tuesday, October 15th. The stock was bought at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the transaction, the director now directly owns 10,397 shares in the company, valued at approximately $917,535.25. The trade was a 6.41 % increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is currently 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 company. Boston Partners grew its holdings in Fidelity National Information Services by 642.7% during the 1st quarter. Boston Partners now owns 4,470,605 shares of the information technology services provider’s stock worth $331,047,000 after acquiring an additional 3,868,683 shares during the period. The Manufacturers Life Insurance Company lifted its stake in Fidelity National Information Services by 982.6% in the second quarter. The Manufacturers Life Insurance Company now owns 3,895,432 shares of the information technology services provider’s stock valued at $293,560,000 after buying an additional 3,535,596 shares during the period. Raymond James & Associates boosted its holdings in shares of Fidelity National Information Services by 449.8% during the 3rd quarter. Raymond James & Associates now owns 4,103,793 shares of the information technology services provider’s stock worth $343,693,000 after buying an additional 3,357,329 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new stake in shares of Fidelity National Information Services during the 2nd quarter worth approximately $83,562,000. Finally, The Manufacturers Life Insurance Company grew its position in shares of Fidelity National Information Services by 13.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,433,946 shares of the information technology services provider’s stock worth $371,343,000 after buying an additional 538,514 shares during the period. Institutional investors own 96.23% of the company’s stock.

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.