Fidelity National Information Services (NYSE:FIS) Given New $90.00 Price Target at Stephens

Fidelity National Information Services (NYSE:FIS - Get Free Report) had its price objective lowered by stock analysts at Stephens from $100.00 to $90.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an "overweight" rating on the information technology services provider's stock. Stephens' price target suggests a potential upside of 30.73% from the company's current price.

Other equities analysts also recently issued reports about the stock. Jefferies Financial Group upped their price target on shares of Fidelity National Information Services from $80.00 to $90.00 and gave the stock a "hold" rating in a research note on Wednesday, October 16th. Keefe, Bruyette & Woods reduced their target price on shares of Fidelity National Information Services from $102.00 to $92.00 and set an "outperform" rating for the company in a research note on Wednesday. UBS Group lifted their target price on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. TD Cowen boosted their price objective on shares of Fidelity National Information Services from $78.00 to $86.00 and gave the stock a "hold" rating in a research report on Tuesday, November 5th. Finally, Mizuho upped their target price on shares of Fidelity National Information Services from $91.00 to $104.00 and gave the company an "outperform" rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Fidelity National Information Services has an average rating of "Hold" and a consensus price target of $87.95.

Fidelity National Information Services Stock Performance

FIS stock traded down $1.69 on Wednesday, reaching $68.84. The company's stock had a trading volume of 6,281,734 shares, compared to its average volume of 2,091,095. The company has a market capitalization of $37.06 billion, a P/E ratio of 27.43, a price-to-earnings-growth ratio of 0.63 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18. Fidelity National Information Services has a 52 week low of $62.17 and a 52 week high of $91.98. The firm has a fifty day moving average of $80.20 and a two-hundred day moving average of $82.78.

Fidelity National Information Services (NYSE:FIS - Get Free Report) last announced 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 return on equity of 15.35% and a net margin of 14.37%. During the same quarter in the prior year, the firm posted $0.94 earnings per share. As a group, analysts predict that Fidelity National Information Services will post 5.18 EPS for the current fiscal year.

Insider Buying and Selling at Fidelity National Information Services

In other news, Director Jeffrey A. Goldstein bought 701 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was acquired at an average price of $79.97 per share, with a total value of $56,058.97. Following the completion of the purchase, the director now directly owns 11,098 shares of the company's stock, valued at approximately $887,507.06. This represents a 6.74 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.20% of the company's stock.

Hedge Funds Weigh In On Fidelity National Information Services

A number of hedge funds have recently bought and sold shares of the company. Larson Financial Group LLC increased its stake in 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 acquired a new position in shares of Fidelity National Information Services during the third quarter valued at about $28,000. R Squared Ltd acquired a new position in shares of Fidelity National Information Services during the fourth quarter valued at about $30,000. Groupama Asset Managment grew its holdings in shares of Fidelity National Information Services by 0.8% during the third quarter. Groupama Asset Managment now owns 42,342 shares of the information technology services provider's stock valued at $35,000 after buying an additional 319 shares during the last quarter. Finally, Concord Wealth Partners grew its holdings in shares of 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 valued at $37,000 after buying an additional 146 shares during the last quarter. Institutional investors 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.