Fidelity National Information Services (NYSE:FIS) Price Target Raised to $104.00 at Mizuho

Fidelity National Information Services (NYSE:FIS - Get Free Report) had its price target increased by investment analysts at Mizuho from $91.00 to $104.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has an "outperform" rating on the information technology services provider's stock. Mizuho's price objective points to a potential upside of 20.13% from the stock's previous close.

Several other analysts also recently weighed in on the company. Susquehanna lifted 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. Bank of America upped their price objective on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the stock a "buy" rating in a report on Tuesday, September 17th. Morgan Stanley raised their target price on shares of Fidelity National Information Services from $80.00 to $87.00 and gave the company an "equal weight" rating in a research note on Tuesday. Barclays increased their price objective on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the company an "overweight" rating in a report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods upped their target price on Fidelity National Information Services from $97.00 to $102.00 and gave the stock an "outperform" rating in a research report on Tuesday. Ten investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $88.75.

Fidelity National Information Services Stock Performance

Shares of Fidelity National Information Services stock traded down $3.13 during trading on Tuesday, hitting $86.57. 5,952,960 shares of the stock were exchanged, compared to its average volume of 3,759,703. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.35 and a current ratio of 1.35. Fidelity National Information Services has a 12 month low of $49.91 and a 12 month high of $91.98. The stock's fifty day moving average is $85.75 and its 200 day moving average is $79.17. The stock has a market cap of $47.23 billion, a PE ratio of 34.49, a P/E/G ratio of 0.79 and a beta of 1.06.

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 EPS for the quarter, topping the consensus estimate of $1.29 by $0.11. The firm had revenue of $2.57 billion during the quarter, compared to analysts' expectations of $2.56 billion. Fidelity National Information Services had a net margin of 7.72% and a return on equity of 13.63%. Fidelity National Information Services's quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.94 EPS. As a group, sell-side analysts anticipate that Fidelity National Information Services will post 5.09 EPS for the current year.

Insider Buying and Selling

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 626 shares of the stock in a transaction on Tuesday, October 15th. The shares were bought at an average price of $88.25 per share, with a total value of $55,244.50. Following the purchase, the director now directly owns 10,397 shares in the company, valued at $917,535.25. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company 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. Linden Thomas Advisory Services LLC acquired a new position in Fidelity National Information Services in the 2nd quarter worth about $1,253,000. CENTRAL TRUST Co raised its position in Fidelity National Information Services by 757.9% during the third quarter. CENTRAL TRUST Co now owns 11,831 shares of the information technology services provider's stock valued at $991,000 after acquiring an additional 10,452 shares in the last quarter. SG Americas Securities LLC grew its position in Fidelity National Information Services by 572.2% in the second quarter. SG Americas Securities LLC now owns 222,601 shares of the information technology services provider's stock worth $16,775,000 after acquiring an additional 189,484 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Fidelity National Information Services by 1.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 812,874 shares of the information technology services provider's stock worth $60,300,000 after purchasing an additional 11,655 shares during the last quarter. Finally, Mizuho Markets Americas LLC lifted its stake in shares of Fidelity National Information Services by 115.9% in the 1st quarter. Mizuho Markets Americas LLC now owns 3,748,200 shares of the information technology services provider's stock valued at $278,041,000 after purchasing an additional 2,011,848 shares during the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

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.