Fidelity National Information Services (NYSE:FIS) Given New $86.00 Price Target at TD Cowen

Fidelity National Information Services (NYSE:FIS - Get Free Report) had its target price increased by stock analysts at TD Cowen from $78.00 to $86.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a "hold" rating on the information technology services provider's stock. TD Cowen's price objective suggests a potential downside of 0.66% from the company's current price.

A number of other equities analysts have also recently commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the stock an "overweight" rating in a research report on Tuesday. Bank of America raised their price target on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the company a "buy" rating in a research note on Tuesday, September 17th. Robert W. Baird boosted their price objective on shares of Fidelity National Information Services from $92.00 to $94.00 and gave the stock a "neutral" rating in a research note on Tuesday. Oppenheimer initiated coverage on Fidelity National Information Services in a research note on Tuesday, October 1st. They issued a "market perform" rating for the company. Finally, Susquehanna boosted their target price on shares of Fidelity National Information Services from $88.00 to $103.00 and gave the company a "positive" rating in a report on Tuesday. Ten investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Fidelity National Information Services currently has an average rating of "Moderate Buy" and an average target price of $88.75.

Fidelity National Information Services Trading Down 3.5 %

Shares of FIS traded down $3.13 during trading hours on Tuesday, reaching $86.57. The stock had a trading volume of 5,952,960 shares, compared to its average volume of 3,759,703. The firm has a 50-day moving average of $85.75 and a 200 day moving average of $79.17. 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 cap of $47.23 billion, a P/E ratio of 34.49, a P/E/G 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 - Get Free Report) last posted its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.29 by $0.11. Fidelity National Information Services had a return on equity of 13.63% and a net margin of 7.72%. The business had revenue of $2.57 billion during the quarter, compared to analysts' expectations of $2.56 billion. During the same period in the prior year, the business earned $0.94 EPS. Fidelity National Information Services's revenue for the quarter was up 3.1% compared to the same quarter last year. On average, sell-side analysts expect that Fidelity National Information Services will post 5.09 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Jeffrey A. Goldstein bought 626 shares of the business's stock in a transaction on Tuesday, October 15th. The stock was acquired at an average price of $88.25 per share, with a total value of $55,244.50. Following the transaction, the director now owns 10,397 shares in the company, valued at approximately $917,535.25. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.20% of the stock is owned by company insiders.

Institutional Trading of Fidelity National Information Services

Institutional investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC raised its stake in shares of Fidelity National Information Services by 15.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 118,326 shares of the information technology services provider's stock worth $8,777,000 after acquiring an additional 15,865 shares in the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of Fidelity National Information Services during the first quarter worth about $54,000. Nordea Investment Management AB lifted its position in shares of Fidelity National Information Services by 2.3% in the first quarter. Nordea Investment Management AB now owns 43,236 shares of the information technology services provider's stock valued at $3,222,000 after acquiring an additional 971 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in Fidelity National Information Services by 154.1% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 2,754 shares of the information technology services provider's stock valued at $204,000 after purchasing an additional 1,670 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its stake in Fidelity National Information Services by 11.8% during the 1st quarter. GSA Capital Partners LLP now owns 6,407 shares of the information technology services provider's stock worth $475,000 after purchasing an additional 677 shares during the last quarter. 96.23% of the stock is currently 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.