Keefe, Bruyette & Woods Issues Pessimistic Forecast for Fidelity National Information Services (NYSE:FIS) Stock Price

Fidelity National Information Services (NYSE:FIS - Get Free Report) had its target price dropped by equities research analysts at Keefe, Bruyette & Woods from $102.00 to $92.00 in a report released on Wednesday,Benzinga reports. The firm currently has an "outperform" rating on the information technology services provider's stock. Keefe, Bruyette & Woods' price target suggests a potential upside of 33.64% from the stock's previous close.

FIS has been the subject of several other reports. Susquehanna lowered Fidelity National Information Services from a "positive" rating to a "neutral" rating and lowered their price target for the stock from $103.00 to $81.00 in a research report on Wednesday. Mizuho raised their price target on Fidelity National Information Services from $91.00 to $104.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. lifted their target price on Fidelity National Information Services from $89.00 to $99.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. Raymond James lowered Fidelity National Information Services from a "strong-buy" rating to an "outperform" rating and decreased their target price for the company from $115.00 to $101.00 in a report on Monday, January 6th. Finally, Compass Point initiated coverage on Fidelity National Information Services in a report on Wednesday, November 20th. They issued a "buy" rating and a $126.00 target price for the company. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $87.95.

Fidelity National Information Services Trading Down 2.4 %

FIS stock traded down $1.69 during midday trading on Wednesday, hitting $68.84. 6,281,734 shares of the company's stock were exchanged, compared to its average volume of 2,091,095. Fidelity National Information Services has a 1-year low of $62.17 and a 1-year high of $91.98. The business has a 50-day simple moving average of $80.20 and a two-hundred day simple moving average of $82.73. The stock has a market capitalization of $37.06 billion, a PE ratio of 27.43, a P/E/G ratio of 0.63 and a beta of 1.04. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings results 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 return on equity of 15.35% and a net margin of 14.37%. During the same quarter last year, the company earned $0.94 earnings per share. On average, sell-side analysts predict that Fidelity National Information Services will post 5.18 EPS for the current fiscal year.

Insider Transactions at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 701 shares of the company's stock in a transaction that occurred on Wednesday, January 15th. The shares were purchased at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the transaction, the director now directly owns 11,098 shares of the company's stock, valued at approximately $887,507.06. The trade was a 6.74 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.20% of the company's stock.

Hedge Funds Weigh In On Fidelity National Information Services

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