Fidelity National Information Services (NYSE:FIS) Price Target Lowered to $113.00 at Compass Point

Fidelity National Information Services (NYSE:FIS - Get Free Report) had its target price cut by investment analysts at Compass Point from $126.00 to $113.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the information technology services provider's stock. Compass Point's target price would indicate a potential upside of 64.14% from the company's current price.

Several other brokerages have also issued reports on FIS. Mizuho increased their price target on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 5th. UBS Group increased their price target on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 5th. Robert W. Baird raised their price objective on shares of 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. Keefe, Bruyette & Woods reduced their price objective on shares of Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating for the company in a research note on Wednesday. Finally, Stephens dropped their price target on shares of Fidelity National Information Services from $100.00 to $90.00 and set an "overweight" rating on the stock in a report on Wednesday. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $87.95.

Fidelity National Information Services Trading Down 2.4 %

FIS traded down $1.69 during trading on Wednesday, hitting $68.84. 6,281,734 shares of the stock traded hands, compared to its average volume of 2,091,095. The firm has a market capitalization of $37.06 billion, a P/E ratio of 27.43, a price-to-earnings-growth ratio of 0.63 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a 50-day moving average of $80.20 and a 200 day moving average of $82.78. Fidelity National Information Services has a 12-month low of $62.17 and a 12-month high of $91.98.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, topping the consensus estimate 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 last year, the firm posted $0.94 earnings per share. Equities research analysts anticipate that Fidelity National Information Services will post 5.18 EPS for the current year.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein acquired 701 shares of the firm's stock in a transaction on Wednesday, January 15th. The shares were bought at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the acquisition, the director now owns 11,098 shares of the company's stock, valued at approximately $887,507.06. This trade represents a 6.74 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.20% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Meiji Yasuda Life Insurance Co raised its holdings in shares of Fidelity National Information Services by 87.8% during the 4th quarter. Meiji Yasuda Life Insurance Co now owns 9,430 shares of the information technology services provider's stock worth $762,000 after acquiring an additional 4,410 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in shares of Fidelity National Information Services by 68.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 61,085 shares of the information technology services provider's stock worth $4,934,000 after acquiring an additional 24,850 shares during the period. Freestone Grove Partners LP purchased a new position in shares of Fidelity National Information Services during the 4th quarter worth $1,473,000. Rehmann Capital Advisory Group raised its holdings in shares of Fidelity National Information Services by 3.9% during the 4th quarter. Rehmann Capital Advisory Group now owns 9,084 shares of the information technology services provider's stock worth $734,000 after acquiring an additional 343 shares during the period. Finally, Schonfeld Strategic Advisors LLC raised its holdings in shares of Fidelity National Information Services by 431.9% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 82,187 shares of the information technology services provider's stock worth $6,638,000 after acquiring an additional 66,735 shares during the period. 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.