Fidelity National Information Services (NYSE:FIS) Price Target Lowered to $95.00 at Royal Bank of Canada

Fidelity National Information Services (NYSE:FIS - Get Free Report) had its price objective reduced by equities researchers at Royal Bank of Canada from $104.00 to $95.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an "outperform" rating on the information technology services provider's stock. Royal Bank of Canada's target price would suggest a potential upside of 38.00% from the company's previous close.

Other equities research analysts also recently issued reports about the company. Wells Fargo & Company decreased their target price on Fidelity National Information Services from $88.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. lifted their price objective on Fidelity National Information Services from $89.00 to $99.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. Raymond James downgraded shares of Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and decreased their price target for the stock from $115.00 to $101.00 in a research note on Monday, January 6th. TD Cowen increased their price objective on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the company a "hold" rating in a research note on Tuesday, November 5th. Finally, Mizuho lifted their target price on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the company an "outperform" rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $87.95.

Fidelity National Information Services Stock Down 2.4 %

FIS traded down $1.69 on Wednesday, reaching $68.84. 6,281,734 shares of the company traded hands, compared to its average volume of 2,091,095. The stock's 50 day moving average price is $80.20 and its 200-day moving average price is $82.78. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18. Fidelity National Information Services has a 52-week low of $62.17 and a 52-week high of $91.98. The company has a market cap of $37.06 billion, a price-to-earnings ratio of 27.43, a PEG ratio of 0.63 and a beta of 1.04.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share for the quarter, topping analysts' consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. During the same period in the previous year, the company earned $0.94 earnings per share. On average, sell-side analysts expect that Fidelity National Information Services will post 5.18 EPS for the current fiscal year.

Insider Transactions at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 701 shares of the company's stock in a transaction dated Wednesday, January 15th. The stock was bought at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the transaction, the director now directly owns 11,098 shares in the company, valued at $887,507.06. The trade was a 6.74 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.20% of the stock is owned by company insiders.

Institutional Trading of Fidelity National Information Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bradley Foster & Sargent Inc. CT raised its stake in shares of Fidelity National Information Services by 4.7% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 2,869 shares of the information technology services provider's stock worth $232,000 after buying an additional 128 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its holdings in Fidelity National Information Services by 2.2% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 5,938 shares of the information technology services provider's stock worth $480,000 after acquiring an additional 129 shares during the period. Graypoint LLC raised its position in shares of Fidelity National Information Services by 4.6% during the 3rd quarter. Graypoint LLC now owns 3,026 shares of the information technology services provider's stock valued at $253,000 after acquiring an additional 132 shares during the last quarter. Old Port Advisors lifted its stake in shares of Fidelity National Information Services by 4.9% in the 4th quarter. Old Port Advisors now owns 2,867 shares of the information technology services provider's stock valued at $232,000 after purchasing an additional 135 shares during the period. Finally, Aptus Capital Advisors LLC grew its stake in shares of Fidelity National Information Services by 3.9% during the third quarter. Aptus Capital Advisors LLC now owns 3,679 shares of the information technology services provider's stock worth $308,000 after purchasing an additional 137 shares during the period. 96.23% of the stock is owned by institutional investors.

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.