Fidelity National Information Services (NYSE:FIS) Raised to Buy at Citigroup

Fidelity National Information Services (NYSE:FIS - Get Free Report) was upgraded by stock analysts at Citigroup from a "neutral" rating to a "buy" rating in a research note issued to investors on Monday, MarketBeat.com reports. The firm presently has a $86.00 price objective on the information technology services provider's stock, up from their previous price objective of $79.00. Citigroup's target price suggests a potential upside of 8.26% from the company's previous close.

Other analysts have also recently issued research reports about the stock. Compass Point lowered their price objective on shares of Fidelity National Information Services from $126.00 to $113.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. UBS Group decreased their price objective on Fidelity National Information Services from $94.00 to $81.00 and set a "neutral" rating for the company in a research report on Wednesday, February 12th. Susquehanna downgraded shares of Fidelity National Information Services from a "positive" rating to a "neutral" rating and dropped their target price for the stock from $103.00 to $81.00 in a report on Wednesday, February 12th. Morgan Stanley dropped their price objective on shares of Fidelity National Information Services from $92.00 to $86.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 12th. Finally, William Blair restated an "outperform" rating on shares of Fidelity National Information Services in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Fidelity National Information Services presently has an average rating of "Moderate Buy" and an average price target of $89.29.

Fidelity National Information Services Price Performance

FIS traded up $0.32 during midday trading on Monday, hitting $79.44. The company had a trading volume of 5,263,765 shares, compared to its average volume of 3,534,082. Fidelity National Information Services has a twelve month low of $66.51 and a twelve month high of $91.98. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. The firm's 50-day simple moving average is $71.86 and its 200-day simple moving average is $79.61. The company has a market capitalization of $42.08 billion, a PE ratio of 30.44, a P/E/G ratio of 1.23 and a beta of 1.06.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 17.30% and a net margin of 14.54%. During the same period in the previous year, the business earned $0.94 EPS. Equities research analysts predict that Fidelity National Information Services will post 5.74 EPS for the current fiscal year.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein purchased 844 shares of the stock in a transaction dated Tuesday, April 15th. The stock was bought at an average cost of $72.04 per share, for a total transaction of $60,801.76. Following the completion of the acquisition, the director now owns 11,942 shares of the company's stock, valued at approximately $860,301.68. This represents a 7.60 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Fidelity National Information Services

Institutional investors and hedge funds have recently bought and sold shares of the company. Bradley Foster & Sargent Inc. CT grew its holdings in Fidelity National Information Services by 4.7% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 2,869 shares of the information technology services provider's stock worth $232,000 after acquiring an additional 128 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its holdings in shares of Fidelity National Information Services by 2.2% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 5,938 shares of the information technology services provider's stock worth $480,000 after purchasing an additional 129 shares during the period. Old Port Advisors grew its stake in shares of Fidelity National Information Services by 4.9% in the fourth quarter. Old Port Advisors now owns 2,867 shares of the information technology services provider's stock worth $232,000 after purchasing an additional 135 shares during the last quarter. Modera Wealth Management LLC increased its holdings in Fidelity National Information Services by 4.8% during the 4th quarter. Modera Wealth Management LLC now owns 2,990 shares of the information technology services provider's stock valued at $242,000 after purchasing an additional 137 shares during the period. Finally, Center for Financial Planning Inc. raised its position in Fidelity National Information Services by 3.8% during the 4th quarter. Center for Financial Planning Inc. now owns 3,755 shares of the information technology services provider's stock valued at $303,000 after purchasing an additional 138 shares during the last quarter. 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.