Fidelity National Information Services (NYSE:FIS) Upgraded to "Outperform" at Oppenheimer

Fidelity National Information Services (NYSE:FIS - Get Free Report) was upgraded by stock analysts at Oppenheimer from a "market perform" rating to an "outperform" rating in a research report issued to clients and investors on Wednesday,Briefing.com Automated Import reports. The brokerage currently has a $94.00 target price on the information technology services provider's stock. Oppenheimer's target price indicates a potential upside of 18.73% from the company's previous close.

Several other analysts also recently issued reports on the company. UBS Group reduced their price objective on Fidelity National Information Services from $94.00 to $81.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 12th. Royal Bank of Canada lowered their target price on shares of Fidelity National Information Services from $104.00 to $95.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods reduced their price target on Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 12th. Compass Point lowered their price objective on 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. Finally, Robert W. Baird increased their target price on Fidelity National Information Services from $80.00 to $82.00 and gave the stock a "neutral" rating in a research report on Friday, April 4th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, Fidelity National Information Services has an average rating of "Moderate Buy" and an average price target of $89.29.

Fidelity National Information Services Stock Performance

NYSE FIS opened at $79.17 on Wednesday. Fidelity National Information Services has a 1-year low of $66.51 and a 1-year high of $91.98. The company has a market capitalization of $41.94 billion, a P/E ratio of 30.33, a PEG ratio of 1.23 and a beta of 1.06. The business has a 50 day moving average price of $71.64 and a 200 day moving average price of $79.61. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85.

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

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 844 shares of the stock in a transaction dated Tuesday, April 15th. The shares were bought at an average cost of $72.04 per share, with a total value 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 trade represents a 7.60 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FIS. Bradley Foster & Sargent Inc. CT lifted its holdings in shares of Fidelity National Information Services by 4.7% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 2,869 shares of the information technology services provider's stock valued at $232,000 after buying an additional 128 shares during the period. Fifth Third Wealth Advisors LLC boosted its position in shares of 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 valued at $480,000 after purchasing an additional 129 shares in the last quarter. Old Port Advisors boosted its position in shares of Fidelity National Information Services by 4.9% during 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 in the last quarter. Modera Wealth Management LLC grew its stake in shares of Fidelity National Information Services by 4.8% in the 4th quarter. Modera Wealth Management LLC now owns 2,990 shares of the information technology services provider's stock worth $242,000 after purchasing an additional 137 shares during the last quarter. Finally, Center for Financial Planning Inc. lifted its stake in Fidelity National Information Services by 3.8% during the fourth 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.

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.

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