Fidelity National Information Services (NYSE:FIS) Price Target Raised to $92.00 at Morgan Stanley

Fidelity National Information Services (NYSE:FIS - Free Report) had its price target hoisted by Morgan Stanley from $87.00 to $92.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an equal weight rating on the information technology services provider's stock.

Several other analysts have also weighed in on FIS. Keefe, Bruyette & Woods upped their price objective on Fidelity National Information Services from $97.00 to $102.00 and gave the company an "outperform" rating in a report on Tuesday, November 5th. Robert W. Baird upped their target price on Fidelity National Information Services from $92.00 to $94.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. upped their price target on Fidelity National Information Services from $89.00 to $99.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. Barclays upped their price target on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an "overweight" rating in a research note on Thursday, October 10th. Finally, Susquehanna increased their target price on Fidelity National Information Services from $88.00 to $103.00 and gave the company a "positive" rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $91.75.

Fidelity National Information Services Trading Down 3.4 %

NYSE FIS traded down $2.83 during trading hours on Wednesday, hitting $80.34. 3,098,164 shares of the company's stock were exchanged, compared to its average volume of 3,730,003. The firm has a market capitalization of $43.25 billion, a P/E ratio of 32.01, a price-to-earnings-growth ratio of 0.72 and a beta of 1.03. Fidelity National Information Services has a 12-month low of $58.24 and a 12-month high of $91.98. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. The business's 50 day moving average is $87.21 and its 200-day moving average is $81.70.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 EPS for the quarter, topping the consensus estimate 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 previous year, the company posted $0.94 EPS. Fidelity National Information Services's revenue for the quarter was up 3.1% on a year-over-year basis. As a group, analysts anticipate that Fidelity National Information Services will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Monday, December 9th. Fidelity National Information Services's dividend payout ratio is 57.37%.

Insider Transactions at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 626 shares of the company's stock in a transaction that occurred on Tuesday, October 15th. The shares were purchased at an average cost of $88.25 per share, for a total transaction of $55,244.50. Following the purchase, the director now directly owns 10,397 shares in the company, valued at $917,535.25. This represents a 6.41 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Lenore D. Williams sold 11,305 shares of the business's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $87.97, for a total value of $994,500.85. Following the sale, the executive vice president now owns 32,199 shares in the company, valued at approximately $2,832,546.03. The trade was a 25.99 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company's stock.

Hedge Funds Weigh In On Fidelity National Information Services

Several institutional investors and hedge funds have recently modified their holdings of the stock. Larson Financial Group LLC grew its position in shares of Fidelity National Information Services by 94.1% in the third quarter. Larson Financial Group LLC now owns 328 shares of the information technology services provider's stock valued at $27,000 after purchasing an additional 159 shares in the last quarter. Kennebec Savings Bank purchased a new position in Fidelity National Information Services in the third quarter worth approximately $28,000. University of Texas Texas AM Investment Management Co. acquired a new position in Fidelity National Information Services during the second quarter worth $30,000. Concord Wealth Partners lifted its stake in Fidelity National Information Services by 50.2% during the third quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider's stock worth $37,000 after purchasing an additional 146 shares in the last quarter. Finally, Morse Asset Management Inc acquired a new position in Fidelity National Information Services during the third quarter worth $37,000. 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.